Investment In Elanor Commercial Property Fund

Elanor Investors

09/09/2024 11:08

Sept 9 (Reuters) - Elanor Investors Group  ENN.AX :
    * SALE OF CO-INVESTMENT IN ELANOR COMMERCIAL PROPERTY FUND
    * AGREEMENT FOR SALE OF 12.6% INTEREST IN ECF FOR A$23.9
MILLION
    * TO UNDERTAKE CAPITAL MANAGEMENT INITIATIVES TO RAISE FUNDS
OF AT
LEAST A$15 MILLION BY 31 OCT
    * ASSET REALISATIONS EXPECTED TO RELEASE OVER A$100 MILLION
OF
BALANCE SHEET CAPITAL OVER 18 MONTHS
    * GLENN WILLIS ADVISED OF RETIREMENT AS CEO AND MANAGING
DIRECTOR
    * TONY FEHON APPOINTED AS INTERIM MANAGING DIRECTOR
    * PRELIMINARY FY24 RECURRING FUNDS MANAGEMENT INCOME OF A$49
MILLION

Further company coverage:  ENN.AX 

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