Market Update

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Stock Elanor Investors Group (ENN.ASX)
Release Time 24 Nov 2025, 1:46 p.m.
Price Sensitive Yes
 Elanor Investors Group Provides Market Update
Key Points
  • Rockworth Capital Partners commits $125M investment to recapitalize Elanor
  • Elanor to acquire Firmus business subject to regulatory and shareholder approval
  • Elanor and Rockworth agree to extend transaction timeline to facilitate EGM and reporting
Full Summary

Elanor Investors Group (ASX: ENN) has provided a market update regarding the expansion of its strategic alliance with Rockworth Capital Partners ('Rockworth'). Rockworth has committed to invest $125.0 million into Elanor to recapitalize the business and stabilize the balance sheet ('Rockworth Investment'). Elanor will also acquire the Firmus business ('Firmus Acquisition'). The Rockworth Investment and the Firmus Acquisition remain subject to regulatory approval, and approval by Elanor securityholders at an Extraordinary General Meeting ('EGM'). Elanor and Rockworth have agreed to extend the sunset date to 23 December 2025 to facilitate the dispatch of the Notice of Meeting to Elanor Securityholders, and further, to extend the sunset date for completion of the transaction to 31 March 2026. This extension reflects the Group's ongoing efforts to progress its statutory lodgements, having now held the FY24 AGM, and focusing on lodgement of HY25 accounts, and completion of the audited FY25 results. The Notice of Meeting and Explanatory Memorandum, including an Independent Expert Report, is now expected to be dispatched to Elanor securityholders in December 2025, with the EGM to be held in late January 2026. Elanor is maintaining regular communication with its secured lender, Keyview, who remain supportive of Elanor's broader de-leveraging and stabilization initiatives, and has received the support of noteholders of the $40 million Corporate Notes for a special resolution to waive certain covenants. Elanor is preparing to release its HY25 results and Appendix 4D by the end of November 2025, with the FY25 results, Appendix 4E and Annual Report expected to be finalized in the coming weeks. Following the finalization of the Group's FY25 financial results and lodgement of relevant documents with ASX, and approval of the Rockworth Investment and Firmus Acquisition at the EGM, Elanor will engage with the ASX to request the lifting of the suspension of Elanor's securities.