Tacoma // Denver // Sydney // Melbourne
3 November 2021
Completion of GQG Listing
Pacific Current Group Limited (PAC) is pleased to inform the market that GQG Partners, Inc (GQG) has completed its offer of CHESS Depositary Interests (CDIs) over the shares of GQG's common stock representing a sale of approximately 20% of GQG's business. As part of the offer, PAC sold 20% of its share in GQG for A$58.8 million (US$43.7 million) net of transaction costs. PAC continues to own 119,121,254 shares of GQG common stock representing approximately 4% of GQG's total equity. The common stock will be held in escrow until the end of the escrow period, which is expected to be late in August 2022.
Going forward, GQG's contribution to PAC's underlying earnings will be reflected in the dividends received by PAC on its remaining shares in GQG.
AUTHORISED FOR LODGEMENT BY:
Paul Greenwood, Managing Director, CEO and CEO
For Investor and Media enquiries:
Paul Greenwood - Managing Director, CEO and CIO
(+1) 253 617 7815
ABOUT PACIFIC CURRENT GROUP
Pacific Current Group Limited is a multi-boutique asset management firm dedicated to providing exceptional value to shareholders, investors and partners. We apply our strategic resources, including capital, institutional distribution capabilities and operational expertise to help our partners excel. As of 07 October 2021, Pacific Current Group has investments in 15 boutique asset managers globally.
Pacific Current Group Limited (ABN 39 006 708 792)
Suite 3, Level 3, 257 Collins Street, Melbourne, VIC 3000 Australia
Tel: +61 3 8375 9611 // Fax: +61 2 8243 0410