360 Capital Group Ltd: Strategic Buy-Backs and Financial Moves
In a significant development for investors, 360 Capital Group Ltd (ASX:TGP) has recently completed an off-market buy-back and initiated an on-market buy-back, signaling a strategic move to enhance shareholder value. This news comes amidst a backdrop of fluctuating share prices, with the fund’s close price on May 19, 2025, standing at AUD 0.64, slightly below its 52-week high of AUD 0.67 on September 18, 2024, and above its 52-week low of AUD 0.55 on August 20, 2024.
Completion of Off-Market Buy-Back
On May 21, 2025, 360 Capital Group announced the successful completion of its off-market buy-back, where 13,320,216 securities were repurchased at a fixed price of AUD 0.65 per security. This move, which concluded at 5:00 pm on May 21, 2025, is part of the company’s strategy to manage its capital structure and return value to shareholders. The off-market buy-back was initially announced on April 14, 2025, and its completion marks a significant step in the company’s financial strategy.
Commencement of On-Market Buy-Back
Following the off-market buy-back, 360 Capital Group has commenced an on-market buy-back, as detailed in a series of updates released on May 21, 2025. This on-market buy-back is part of an equal access scheme, allowing shareholders to sell their securities back to the company at prevailing market prices. The updates provided by the company include a notification of the buy-back, a daily buy-back notification, and a final buy-back notification, highlighting the total number of securities bought back and the total consideration paid, which amounted to AUD 8,658,140.40.
Strategic Financial Moves by 360 Capital Mortgage REIT
In related financial news, 360 Capital FM Limited, the responsible entity for the 360 Capital Mortgage REIT (ASX:TCF), announced on May 20, 2025, the securing of a new senior loan and the extension of an existing facility. This strategic move aims to improve portfolio diversification and increase exposure to completed Sydney housing stock. The new loan, amounting to $9.2 million, is a 12-month senior facility secured by 10 individual registered properties in Western Sydney. This development is expected to bolster the REIT’s financial position and enhance its investment portfolio.
Conclusion
The recent financial maneuvers by 360 Capital Group Ltd and its associated entities reflect a proactive approach to capital management and investment strategy. The completion of the off-market buy-back and the initiation of the on-market buy-back demonstrate 360 Capital Group’s commitment to enhancing shareholder value. Simultaneously, the strategic financial moves by 360 Capital Mortgage REIT underscore the group’s focus on diversification and growth in the Sydney housing market. These developments are likely to be closely watched by investors and market analysts in the coming months.