Brief: Elanor Investors Group Announces Improved transaction metrics

Elanor Investors

16/06/2023 02:38

June 16 (Reuters) - Elanor Investors Group  ENN.AX :
    * IMPROVED TRANSACTION METRICS ADIC MANDATE SECURED; GRANT
OF
OPTIONS TO ADIC
    * MATERIAL FY24 EARNINGS ACCRETION WITH INCREMENTAL EBITDA
OF A$12
MILLION FROM TRANSACTION
    * CO  WILL GRANT ADIC OPTIONS TO ACQUIRE UP TO 7.5 MILLION
ELANOR
SECURITIES AT EXERCISE PRICES OF BETWEEN A$2.25 TO A$2.75 PER
SECURITY
    * ENTERS AGREEMENTS FOR ELANOR TO ACQUIRE 100% OF
CHALLENGER'S
A$3.4 BILLION AUSTRALIAN REAL ESTATE FUNDS MANAGEMENT BUSINESS
    * PURCHASE PRICE FOR CRE REDUCED TO A$37.7 MILLION

Source text for Eikon:  ID:nASX3q8bl3 
Further company coverage:  ENN.AX 

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