Brief: Pacific Current Group Says Co's Sale Of GQG CDIs

Pacific Current

07/03/2024 22:15

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


Further company coverage:  PAC.AX 

 ((Reuters.Briefs@thomsonreuters.com;))