ASX Announcement – New Strategic Investor and Capital Partner
Elanor Investors Group (“ENN”, “Elanor” or “the Group”) is pleased to announce that Rockworth Capital Partners Pte Ltd (“Rockworth”) has acquired an 18% strategic interest in the Group. Rockworth acquired its stake at A$1.85 per stapled security, representing a 6.3% premium to the last closing price of A$1.74 on 10 April 2019 or a 8.2% premium to the 30 day VWAP.
Elanor has also entered into a strategic alliance agreement with Rockworth that delivers a significant commercial alignment between the groups focussed on growing funds under management that deliver strong returns for Elanor capital partners and security holders. The strategic alliance positions Elanor to capitalise on future growth opportunities and enhances the Group’s capital raising capabilities.
To read the full announcement, click here.