Kyron Capital Group Emerges as New Identity of Elanor Investors Group with ASX Ticker KYN from 29 July 2026

Transition of Responsible Entity to Kyron Group RE Limited

A pivotal part of the restructuring is the change in the responsible entity managing the investment fund. Elanor Funds Management Limited (EFML), holder of AFSL 398196, has stepped down as responsible entity of Elanor Investment Fund (ARSN 169 450 926). Kyron Group RE Limited (ACN 688 908 876, AFSL 700092), formerly Group Funds Management Limited, was appointed in line with section 601FL of the Corporations Act 2001 (Cth).

The appointment became effective on 24 July 2026, when Kyron Group RE Limited was officially recorded by ASIC as the fund’s responsible entity. This operational change carries significant regulatory responsibilities under Australian financial services law but does not affect securityholders’ rights or the investment nature within the Group. Securityholder approval was secured at the Extraordinary General Meeting on 22 July 2026, confirming investor support for the new management framework.

ASX Ticker Change from ENN to KYN Effective 29 July 2026

Investors will notice the ticker code migration from ENN to KYN starting trading on 29 July 2026, following ASX implementation after securityholder approval. The ASX also updated the listed stapled group’s name from Elanor Investors Group to Kyron Capital Group to reflect the rebrand across trading and settlement systems.

No action is required by securityholders regarding the ticker or name changes. The ASX will automatically process these updates, ensuring all existing shareholdings and units are preserved and correctly reflected under the Kyron Capital Group identity. This seamless transition means investors holding Elanor securities will automatically hold Kyron securities without any transactional or administrative steps. The stapled security structure’s continuity guarantees the economic and legal relationship remains unchanged.

Stapled Security Structure Maintained Post-Rebrand

The stapling arrangement linking shares in Kyron Capital Limited (formerly Elanor Investors Limited) and units in Kyron Investment Fund (formerly Elanor Investment Fund) continues unchanged after the rebrand. Securityholders retain their stapled interests, where one share and one unit trade together as a single ASX security. This preserves the investment profile experienced under the Elanor structure.

Stapled securities will continue trading on the ASX under the new KYN ticker. Maintaining the stapled structure is critical for consistency in tax treatment and legal characterization. It also ensures investors experience uninterrupted investment continuity despite the corporate transformation. The unchanged stapling arrangement indicates that the underlying investment strategy and fund structure remain fundamentally consistent despite the rebrand and management transition.

ASIC-Registered Corporate Name Changes Effective 24 July 2026

As part of the rebrand, corporate name changes were formally registered with ASIC on 24 July 2026. Elanor Investors Limited (ACN 169 308 187) became Kyron Capital Limited, effective from ASIC’s registration update. Concurrently, Elanor Investment Fund was renamed Kyron Investment Fund in accordance with clause 2.1 of the EIF constitution and section 601GC(1)(b) of the Corporations Act 2001 (Cth), effective the same date.

The fund’s ARSN 169 450 926 remains unchanged, preserving regulatory registration continuity. These coordinated registrations on 24 July 2026 ensure legal certainty and minimize market confusion by implementing all rebrand elements simultaneously.

Focused Real Estate Investment Across Australia and New Zealand

Kyron Capital Group manages real estate investments and funds across Australia and New Zealand, concentrating on commercial office, retail, healthcare, and hotel property sectors. This targeted approach enables the Group to develop specialized expertise and competitive advantages in managing assets within these segments.

The Group has a proven record of acquiring and enhancing real estate assets that deliver strong income and capital growth potential. This value-add strategy has characterized the investment approach under both Elanor and Kyron identities. Geographic diversification across Australasian markets complements the Group’s core real estate focus, positioning it as a significant player in the regional real estate investment industry.

Funds Management Business Model and Operations

In addition to direct real estate investments, Kyron Capital Group operates a funds management business, generating revenue from managing capital for other investors. This includes management fees based on funds under management and performance fees, complementing returns from direct property investments. This dual revenue stream provides financial stability and upside potential.

The appointment of Kyron Group RE Limited as responsible entity emphasizes the Group’s robust funds management infrastructure. Kyron Group RE Limited complies with regulatory obligations under the Corporations Act and ASIC oversight, including governance, compliance, and securityholder protections. This transition may reflect operational enhancements to the funds management platform serving investors.

Securityholder Approval via EGM on 22 July 2026

All changes were approved by securityholders at the Extraordinary General Meeting on 22 July 2026, underscoring the material nature of the rebrand and management transition. The prompt timing between approval, implementation on 24 July, and ASX trading under the new identity on 29 July reflects a well-coordinated transition plan designed to minimize market uncertainty.

Choosing an EGM over an annual general meeting for approval highlights management’s priority to expedite the transformation process efficiently.

Automatic Processing Ensures Seamless Securityholder Transition

Securityholders are not required to take any action regarding the name or ticker changes. The ASX will automatically convert existing holdings to Kyron Capital Group securities, minimizing administrative burden and execution risk.

This automated approach reduces settlement risk and ensures a smooth transition without any loss or disruption of holdings. The Group’s website, www.kyroncapital.com, serves as a central resource for investors seeking information or confirmation about the changes.

Securityholder Rights and Investment Nature Remain Unchanged

The company confirms that the rebrand and responsible entity change do not affect securityholder rights or the nature of investments. Investors holding Elanor securities before the changes retain equivalent rights and economic exposure under the Kyron Capital Group identity.

This reassurance addresses potential investor concerns about the impact of the transformation, supported by the unchanged stapled security structure and automatic processing, ensuring no investor action is needed to maintain their economic position.

Strategic Repositioning and Market Identity Under Kyron Brand

The transition from Elanor to Kyron marks a strategic repositioning of the Group’s market identity. The new name "Kyron" and ticker "KYN" signify a clear shift, potentially reflecting changes in management focus or strategic priorities, though the announcement does not specify the rationale.

Implemented in late July 2026, the rebrand aligns with internal planning cycles and reporting periods. The comprehensive nature of the rebrand—including responsible entity change, corporate renaming, and ticker migration—reflects a significant transformation rather than a superficial update. This repositioning aims to communicate new strategic directions and operational enhancements within the real estate investment sector. The launch of the kyroncapital.com website supports a unified brand presence across communications and investor engagement.