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An announcement from 360 Capital Group Limited ( (AU:TGP) ) is now available.
360 Capital Group has disclosed a small on-market purchase of securities by managing director Tony Pitt, who has increased his holding in the stapled securities of the group via an entity associated with him, TT Investments Pty Limited as trustee for the TT Investment Trust. Pitt acquired 19,073 fully paid ordinary stapled securities at $0.31 per security during the bid period of an on-market takeover offer being conducted by TT Investments, lifting his total holding to 191,224,250 stapled securities and leaving his 1,500,000 2024 LTI Rights unchanged. The transaction underscores the director’s continued financial alignment with the company and occurs in the context of an ongoing takeover bid, a development likely to be closely watched by shareholders assessing control, valuation, and governance dynamics at the group.
The most recent analyst rating on (AU:TGP) stock is a Buy with a A$0.35 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 and 360 Capital Investment Trust (stapled as TGP) operate as an investment and funds management group, offering listed stapled securities to investors. The group focuses on managing investment vehicles and capital across listed structures in the Australian market, providing exposure to various asset and capital management strategies.
Average Trading Volume: 897,589
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$58.53M
See more data about TGP stock on TipRanks’ Stock Analysis page.