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CENTURIA CAPITAL GROUP — Capital/Financing Update 2018
Dec 20, 2018
64677_rns_2018-12-20_b7694432-3961-4f4d-ac5d-d65cd10b638c.pdf
Capital/Financing Update
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21 December 2018
360 Capital Group Centuria Exercises Call Option over Retail Fund Units
The Board of 360 Capital Group Limited (ASX: TGP) (Group) announces that it has received a call option notice from Centuria (ASX: CNI) exercising its call option to acquire $19.6 million in the unlisted Retail Fund units off the Group.
The Group has $20.3 million in uncalled option agreements over 111 St Georges Terrace, Perth units remaining outstanding with Centuria which can be put to Centuria in June 2019 if they do not call them prior.
Settlement of the Retail Fund units is scheduled to occur on 9 January 2019.
The Group is well positioned to take advantage of opportunities in the marketplace with in excess of $163 million in cash, (post the settlement of the Retail Fund units), and no borrowings.
The Group will be releasing its HY19 results on 27 February 2019.
More information on the Group 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 1300 082 130 or by emailing [email protected]
Alternatively, please contact:
Glenn Butterworth
Tony Pitt Glenn Butterworth Managing Director Chief Financial Officer 360 Capital Group 360 Capital Group +61 2 8405 8860 +61 2 8405 8860
About 360 Capital Group (ASX: 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 Group actively invests in direct property assets, property securities, real estate debt and various corporate real estate investments within Australian real estate markets on a private and public equity basis.
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