360 Capital responds to TT Investments' increased takeover bid

TT Investments has made a "best and final" off-market takeover bid for all securities in 360 Capital Group that it does not already own, increasing its offer price to A$0.31 cash per security. This offer will not be increased further unless a competing proposal emerges.

The Independent Board Committee (IBC) of 360 Capital Group continues to recommend that securityholders "TAKE NO ACTION" regarding the offer and TT Investments' bidder's statement at this time. The IBC has engaged Grant Thornton Corporate Finance Pty Ltd to prepare an independent expert's report, which will assess the fairness and reasonableness of the offer for the Group's securityholders and will accompany the Target's Statement.