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PACIFIC CURRENT GROUP LIMITED — Capital/Financing Update 2018
Oct 3, 2018
65526_rns_2018-10-03_8e9691a0-40a1-44b4-92e1-249d4ee2a1cd.pdf
Capital/Financing Update
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Tacoma // Denver // Sydney // Melbourne
ASX ANNOUCEMENT
4 October 2018
SALE OF PAC’S INVESTMENT IN APERIO
SYDNEY (4 October 2018) - Pacific Current Group Limited ( ASX: PAC ) is pleased to announce the completion of the sale of its interests in Aperio Group. Today, PAC received US$71.9 million of sale proceeds (pre-tax) and expects to receive an additional US$2.6 million on 5 October 2018, which represents PAC’s share of Aperio's income through 3 October 2018.
“Today ends a short, albeit very successful investment for PAC,” said PAC CEO Paul Greenwood. “We feel privileged to have invested in a company of Aperio’s calibre, and we have no doubt the firm will continue to deliver the superior products and service it has become so well known for.”
CONTACT
For Investor Enquiries: Tony Robinson Paul Greenwood Chairman Managing Director & CEO and CIO +61 407 355 616 [email protected] +1 253 617 7815
For Media Inquiries in the US: Jessica Rettig [email protected] +1 720 398 6711
ABOUT PACIFIC CURRENT GROUP // www.paccurrent.com
Pacific Current Group is a multi-boutique asset management firm dedicated to providing exceptional value to shareholders, investors and partners. We apply our strategic resources, including permanent capital, institutional distribution capabilities and operational expertise to help our partners excel. Pacific Current Group has 16 boutique asset managers globally. For more information, please visit: www.paccurrent.com
Pacific Current Group Limited // ABN 39 006 708 792 // ASX:PAC // www.paccurrent.com