Elanor Retail Property Fund commences an Equity Buyback Plan for 100% of its issued share capital, under the authorization approved on August 19, 2022.

Elanor Retail Property Fund (ASX:ERF) commences share repurchases on August 19, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting held on August 19, 2022. As per the mandate, the company is authorized to repurchase 100% of its fully paid stapled securities. The shares will be repurchased at a price of AUD 0.79 per share.

The program is being taken as part of the privatization and delisting of the company. The record date for the offer is August 26, 2022. The repurchased shares will be cancelled.

The program is valid till October 21, 2022. As of August 19, 2022, the company had 127,712,725 shares in issue.