PAC pacific current group limited
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News: PAC Pacific Current Group Says Co's Sale Of GQG CDIs

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    08/03/24
    09:20
    Post #: 72806929

    March 8 (Reuters) - Pacific Current Group Ltd (PAC) :

    • PACIFIC CURRENT SALE OF GQG CDIS
    • REALISING CASH PROCEEDS OF A$257.3M FROM SALE
    • UNIT HAS COMPLETED SALE OF ITS CHESS DEPOSITORY INTERESTS IN SHARES IN GQG PARTNERS INC
    • SETTLEMENT OF TRANSACTION IS EXPECTED TO OCCUR ON 12 MARCH 2024
    • SALE PRICE OF A$2.16 PER GQG SHARE
    • PROCEEDS FROM SHARE SALE WILL BE USED TO FUND A COMBINATION OF DEBT REDUCTION
    • SALE WAS EFFECTED THROUGH UNDERWRITTEN BLOCK TRADE OF SHARES TO INSTITUTIONAL INVESTORS

    (([email protected];))

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