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PACIFIC CURRENT GROUP LIMITED — Capital/Financing Update 2024
Oct 1, 2024
65526_rns_2024-10-01_c41449dd-aeb0-40b0-b16c-a88cc762cc69.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
2 October 2024
Completion of condition precedent – VPC Transaction
Pacific Current Group Limited (“PAC” or the “Company”) (ASX: PAC), a global multi-boutique asset management firm, is pleased to announce that it has completed a further condition precedent related to the sale of a portion of its interests in Victory Park Capital Advisors, LLC. (“VPC”) to Janus Henderson Group (“JHG”) (NYSE: JHG) following VPC’s finalization of certain required approval processes. Closing this condition related to the transaction results in PAC receiving US$21.7m of net cash and US$7.2m of JHG stock. Upon full completion of the initial sale process, which is expected before 31 December 2024, PAC will receive an additional US$1.4m of net cash and US$0.5m of JHG stock.
-ENDS-
Authorised for release by the Chair of Pacific Current Group Limited.
For Investor & Media enquiries, contact:
Michael Clarke, Executive Director & Acting CEO
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T: +61 3 8375 9611
ABOUT PACIFIC CURRENT GROUP
Pacific Current Group Limited is a multi-boutique asset management firm dedicated to providing exceptional value to shareholders, investors, and partners. We apply our strategic resources, including capital, institutional distribution capabilities and operational expertise to help our partners excel. As of 2 October 2024, Pacific Current Group has investments in 11 boutique firms globally.
Pacific Current Group Limited (ABN 39 006 708 792) Suite 3, Level 3, 257 Collins Street, Melbourne VIC 3000 Australia www.paccurrent.com Tel: +61 3 8375 9611