TT Investments Declares Best and Final $0.31 Bid for 360 Capital Group

TT Investments Moves to Fully Acquire 360 Capital Group

TT Investments Pty Limited, acting as trustee for the TT Investment Trust, has formally launched an unconditional off-market takeover offer for all remaining stapled securities in 360 Capital Group Limited and 360 Capital Investment Trust. The offer price has been set at a firm $0.31 per security, reflecting the price at which the bidder recently purchased shares on-market.

With a substantial 50.5% relevant interest already held, TT Investments has been the largest securityholder in 360 Capital Group since 2009. This takeover bid represents a strategic effort to consolidate full ownership, simplifying the capital structure and potentially enabling more streamlined decision-making going forward.

Offer Details and Securityholder Options

The offer is unconditional and expected to open on 29 September 2025, closing a month later on 30 October unless extended. Securityholders registered as of 15 September 2025 will be eligible to receive $0.31 in cash per security upon acceptance. Payments will be made within seven business days of acceptance, provided all transfer documentation is complete.

Importantly, TT Investments has declared this price as the "best and final" offer, signaling no intention to increase it absent a competing proposal. The bidder also notes the likelihood of any rival bids emerging is extremely low, given their longstanding position and the absence of formal proposals to date.

For those securityholders unwilling to wait for the official offer period, the bidder is facilitating on-market purchases at the same price of $0.31 per security, with settlement on a T+2 basis. This provides flexibility for investors seeking immediate liquidity.

Regulatory Compliance and Access to Information

In line with the Corporations Act requirements, the bidder has lodged a detailed Bidder's Statement with the Australian Securities and Investments Commission, outlining the terms and benefits of the offer. Securityholders are encouraged to review this document carefully before making a decision.

Access to the Bidder's Statement and personalised acceptance forms will be available online from 29 September via the Boardroom investor portal, with paper copies available upon request. Dedicated support lines have been established to assist securityholders with queries regarding acceptance procedures or the offer itself.

Implications for 360 Capital Group and Investors

This takeover bid marks a pivotal moment for 360 Capital Group, potentially transitioning it from a widely held stapled security to a fully controlled private entity under TT Investments. For investors, the offer price of $0.31 sets a clear valuation benchmark, and the unconditional nature of the bid reduces uncertainty around the transaction's completion.

Market participants will be watching closely to see the level of acceptance from minority securityholders and whether any unexpected competing bids emerge despite the bidder's low expectations. The outcome will shape the future ownership and strategic direction of 360 Capital Group.