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360 Capital’s Tony Pitt Increases Stake During On-Market Takeover Bid

Story Highlights
  • 360 Capital’s managing director Tony Pitt has increased his stapled security holding via related entities.
  • TT Investment Trust acquired 199,659 stapled securities on-market during the takeover bid, lifting Pitt’s total stake.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
360 Capital’s Tony Pitt Increases Stake During On-Market Takeover Bid

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An announcement from 360 Capital Group Limited ( (AU:TGP) ) is now available.

360 Capital Group has disclosed a change in the interests of its managing director, Tony Pitt, who increased his holding in the stapled securities of the group through related entities. Between 23 and 31 December 2025, TT Investments Pty Limited as trustee for the TT Investment Trust acquired 199,659 fully paid ordinary stapled securities on-market at $0.31 per security during the bid period of an on-market takeover offer. As a result, Pitt’s total holding rose to 190,674,818 stapled securities, alongside 1.5 million 2024 LTI rights, further consolidating his economic exposure and signalling continued alignment with the company’s takeover strategy and capital management initiatives.

The most recent analyst rating on (AU:TGP) stock is a Hold with a A$0.33 price target. To see the full list of analyst forecasts on 360 Capital Group Limited stock, see the AU:TGP Stock Forecast page.

More about 360 Capital Group Limited

360 Capital Group Limited, together with 360 Capital Investment Trust, operates as a stapled entity listed on the ASX under the code TGP, focusing on investment and funds management activities through various trust and corporate structures. The group typically manages capital via listed and unlisted vehicles, with directors and related entities often holding significant stapled security positions aligned with investor interests.

Average Trading Volume: 929,001

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$57.6M

See more data about TGP stock on TipRanks’ Stock Analysis page.

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