360 Capital shareholders urged to accept TT Investments offer as delisting nears

TT Investments Pty Limited has reminded 360 Capital Group (ASX:TGP) securityholders of its intentions if it acquires 75% or more of TGP, including a proposed delisting from the ASX. TT Investments currently holds a 74.84% relevant interest and has stated the offer of $0.31 per stapled security is best and final, absent a competing proposal.

The offer is set to close at 7pm (Sydney time) on Thursday, November 13, 2025. TGP's Independent Board Committee has unanimously recommended accepting the offer, provided the Independent Expert deems it fair and reasonable. Grant Thornton Corporate Finance Pty Ltd valued TGP between $0.296 and $0.335 per security on a 100% controlling basis.

Risks of not accepting include a potential fall in TGP's security price if the offer lapses, reduced liquidity due to TT Investments' increased interest, and remaining a minority securityholder in a company controlled by the bidder. Executive chairman Tony Pitt intends to retire post-offer if TGP is not delisted.