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CENTURIA CAPITAL GROUP — Capital/Financing Update 2016
Dec 14, 2016
64677_rns_2016-12-14_569b957e-fa81-4951-81ca-eaad87ff556f.pdf
Capital/Financing Update
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15 December 2016
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360 Capital Group (TGP)
360 Capital Bondholder Approval for Majority Disposal of Funds Management Platform and Co-investments
360 Capital Group (ASX code: TGP) (Group) is pleased to announce that bondholders to the Group's $75 million issuance today voted to allow the Group to repay all the bonds as part of the Group’s sale of 360 Capital Investment Management Limited (CIML) to Centuria Capital Group (Centuria).
Subject to settlement of the Centuria transaction, it is expected that bondholders will be repaid at settlement currently scheduled for 9 January 2017. Post settlement of these bonds, the Group will be debt free.
The approval of bondholders was one of the conditions precedent to the sale Centuria. Other major conditions precedent to be satisfied are Group Securityholder approval of the change of responsible entity for the Group to 360 Capital FM Limited on 23 December 2016 and 360 Capital Office Fund (TOF) Unitholders approving the sale of the Group’s 28.8% interest in TOF to Centuria and its associated entities on 30 December 2016.
More information can be found on the ASX’s website at www.asx.com.au using the Group’s ASX code “TGP”, on the Group’s website www.360capital.com.au by calling the 360 Capital investor enquiry line on 1800 182 257, emailing [email protected] or contacting:
Tony Pitt Ben James Managing Director Chief Investment Officer 360 Capital Group 360 Capital Group +61 2 8405 8860 +61 2 8405 8871
About 360 Capital Group (ASX code TGP)
360 Capital Group is an ASX-listed, property investment and funds management group concentrating on strategic investment and active investment management of property assets. The company actively invests in direct property assets, property securities and various corporate real estate acquisitions within Australian real estate markets on a private equity basis. 360 Capital Group’s 15 full time staff have significant property, funds and investment management experience. 360 Capital Group manages nine investment vehicles holding assets valued at over $1.48 billion on behalf of over 12,000 investors and has over $220 million worth of co-investments across the 360 Capital Group.
360 Capital Group
Incorporating 360 Capital Group Limited ABN 18 113 569 136 & 360 Capital Investment Trust ARSN 104 552 598
Level 8, 56 Pitt Street Sydney NSW 2000 | T +61 2 8405 8860 | Fax +61 2 9238 0354 | E [email protected] | W www.360capital.com.au