As you may be aware, on Friday 11 December 360 Capital Group Limited (360 Capital or TGP) announced that it is not proceeding
with its original off-market takeover proposal announced on 27 October and has proposed a new off-market takeover offer for all
of the shares in E&P Financial Group Limited which it does not already own (E&P or EP1).
The revised proposal from 360 Capital for the EP1 Shares that it does not already own is $0.30 per EP1 Share, plus two TGP
stapled securities for every five EP1 Shares or part thereof, less any dividends declared or paid after 11 December 2020 (New
The New Offer is unsolicited and highly conditional.
360 Capital has stated that it is targeting to lodge its Bidder’s Statement with ASIC by 23 December 2020 after which it will, as
required by law, send you a copy.
The Board of E&P urges you to TAKE NO ACTION in relation to the New Offer until you are in receipt of the Board of E&P’s full
recommendation in respect of the New Offer, which will be contained within EP1’s target’s statement. E&P shareholders will
have ample time to make a decision in respect of the New Offer after consideration of the target’s statement and the Board of
E&P has appointed Flagstaff Partners and MinterEllison to advise in relation to the New Offer.
Should you have any queries regarding the New Offer, please contact 1300 158 729.
E&P Financial Group Limited