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360 Capital Digital Infrastructure Fund receives Listing Approval


360 Capital FM Limited as responsible entity for 360 Capital Digital Infrastructure Fund (‘Fund’) is announced that the Fund’s IPO has now received “In-principle” approval and necessary waivers to listed on the ASX, under the proposed ASX code TDI. 360 Capital also announced that the allotment of units under the $50.0 million pre-IPO capital raising has occurred.

Funds from the pre-IPO raising have been used to settle the acquisition of the Perth Data Centre for $37.0 million and will be used to settle the $10.6 million convertible note announced 5 August 2019.

In conjunction with joint lead managers Shaw and Partners, Moelis Australia Advisory Pty Ltd and Morgans Corporate, will commence this week with cornerstone bids due on Monday 23 September 2019. Management will then commence an Institutional and Retail roadshow with the underwriting agreement for the $65.0 million raising scheduled to be signed on 1 October 2019.

A Priority Offer to TGP and TOT securityholders is due to commence on 9 October 2019. The record date to for eligibility is scheduled to be 30 September 2019. TGP and TOT securityholders will be sent the PDS and Priority Offer in the mail.

Subject to completing the Offer, the Fund is scheduled to list on the ASX on a deferred settlement basis on 22 October 2019.

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