Australia's Ensurance hits 8-week high on termination of loan facility

Ensurance

25/05/2022 05:19

** Shares of the insurance firm  ENA.AX  jump as much as 8%
to A$0.270, their highest since March 28 
    ** Co says early repayment of the A$1 million ($711,400.00)
unsecured loan successfully paid along with termination of the
A$1.5 mln unused funding facility provided by chairman's related
entity Kolanda Pty Ltd  urn:newsml:reuters.com:*:nASX2lhCWy
    ** Adds the early repayment and termination of loan equates
to a saving of about A$36,000 in interest payments per quarter
for co 
    ** Stock up 16.3% this year, as of last close, vs a 3.5%
decrease in the benchmark S&P/ASX 200 index  .AXJO  



($1 = 1.4057 Australian dollars)

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))