TGP 360 capital group
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News: TGP 360 Capital Group To Sell Remaining 39.1% Stake In Fibreconx

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    12/10/21
    17:50
    Post #: 56746157

    Oct 12 (Reuters) - 360 Capital Group Ltd (TGP) :

    • SIGNED A CONDITIONAL AGREEMENT TO SELL REMAINING 39.1% STAKE IN FIBRECONX AND 50% MANAGEMENT RIGHTS TO 360 CAPITAL FIBRECONX TRUST
    • UPON SETTLEMENT, THIS SALE WILL GENERATE PRE-TAX PROFIT OF APPROXIMATELY A$16.0 MILLION IN FY22
    • DEAL FOR A TOTAL OF A$26.7 MILLION
    • REAFFIRMS EARNINGS GUIDANCE OF 6-7 AU CPS AND ITS DIVIDEND FORECAST OF 6.0 AU CPS FOR FY22, EQUATING TO 1.5 AU CPS/QUARTER
    • FORECASTING DIVIDEND TO BE FULLY FRANKED FOR FY22
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