TT Investments completes 360 Capital Group takeover, dividend halted

TT Investments Pty Limited, led by Tony Pitt and Teresa Gallagher, increased its relevant interest in 360 Capital Group Limited to 96.58% through an on-market purchase of 426,173 ordinary units for A$0.31 each on December 19, 2025. This move consolidates TT Investments' position as a substantial holder, up from a previous 96.36%, as part of an on-market takeover offer.

Concurrently, 360 Capital Group announced a strategic review, which includes a reassessment of its dividend forecasts. As a result, the group will not pay a dividend or distribution for the six months ending December 31, 2025. The takeover bid from TT Investments, detailed in a bidder's statement dispatched on December 18, 2025, is an all-cash, unconditional offer of A$0.31 per security, representing a 24.0% premium over the December 17, 2025, closing price of A$0.25.

National Exchange Pty Ltd and Prudential Nominees Pty Ltd ceased to be substantial shareholders, selling 28m and 10.1m ordinary fully paid shares, respectively, on December 18, 2025. These sales contribute to TT Investments' increased holding, with the offer period concluding on February 3, 2026, unless extended.