360 capital group executive chairman tony pitt to retire

360 Capital Group announced today that its executive chairman, Tony Pitt, intends to retire from his role post the close of TT Investment's takeover offer. This decision is contingent on TT Investments not being able to privatise and delist TGP from the ASX. Mr. Pitt will remain the largest securityholder of TGP, maintaining indirect exposure to 360 Capital's co-investment in TOT and TCF, and will monitor these investments in a non-executive capacity.

Mr. Pitt stated that his executive time has largely been spent managing listing obligations rather than real estate investing. Upon retirement, he plans to focus on private equity real estate investing with external capital partners and will forgo all his TGP performance rights. The board will address transitional arrangements and contractual obligations related to his retirement.

Glenn Butterworth, company secretary, authorised the release.