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Elanor Calls February EGM to Approve $125m Rockworth Recapitalisation and Firmus Acquisition

Story Highlights
  • Elanor has convened a February EGM to seek approval for a $125 million Rockworth investment and the acquisition of Firmus.
  • The recapitalisation will refinance debt, stabilise Elanor’s balance sheet, and is recommended by the board despite being deemed not fair but reasonable.
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Elanor Calls February EGM to Approve $125m Rockworth Recapitalisation and Firmus Acquisition

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An announcement from Elanor Investors Group ( (AU:ENN) ) is now available.

Elanor Investors Group has called an Extraordinary General Meeting on 10 February 2026 for securityholders to vote on a recapitalisation package involving a $125 million investment from Rockworth Capital Partners and the acquisition of the Firmus business. The recapitalisation is intended to refinance and repay Elanor’s existing senior secured finance facility, redeem its corporate notes, and provide additional working capital to stabilise the balance sheet. An independent expert has concluded that while the transaction is not fair, it is reasonable to non‑associated securityholders and, in the absence of a superior alternative proposal, is in their best interests, leading the board (excluding director Su Kiat Lim) to unanimously recommend that investors vote in favour of the interdependent resolutions.

More about Elanor Investors Group

Elanor Investors Group (ASX: ENN) is an Australian listed investment and funds management group focused on real estate and related investment strategies. The group structures and manages investment vehicles for institutional and private investors, with a focus on generating income and capital growth from property and real asset opportunities in Australia and New Zealand.

Technical Sentiment Signal: Sell

Current Market Cap: A$121.7M

For an in-depth examination of ENN stock, go to TipRanks’ Overview page.

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