Eildon Capital Group (ASX: $EDC) Management Changes and Distribution Announcement

Eildon Capital Group (ASX: $EDC) has announced the resignation of Mr Laurence Parisi as Chief Executive Officer and Joint Company Secretary, effective 30 June 2024. Mr Varun Sachdev, the current Chief Financial Officer, will succeed Mr Parisi as the new Chief Executive Officer from 1 July 2024. The Board has also declared a distribution of 4.0 cents per stapled security for the half year ending 30 June 2024, to be paid from Eildon Capital Trust (ECT).

Executive Commentary on Management Changes and Distribution

The Group's Chair, Mr James Davies, expressed gratitude to Mr Laurence Parisi for his significant contributions during his tenure and wished him success in his future endeavors. Mr Parisi also extended his thanks to the Board, the team, investors, and clients for their support over the past four years. The Board is confident in Mr Varun Sachdev's ability to lead the Group as the new Chief Executive Officer and looks forward to his contributions in overseeing the day-to-day operations. The Board is pleased to declare the distribution of 4.0 cents per stapled security for the half year ending 30 June 2024, demonstrating the Group's commitment to delivering value to its stakeholders.

Summary of Eildon Capital Group (ASX: $EDC) Announcement

Eildon Capital Group (ASX: $EDC) has undergone management changes with the resignation of Mr Laurence Parisi as Chief Executive Officer and Joint Company Secretary, effective 30 June 2024. Mr Varun Sachdev, the current Chief Financial Officer, will succeed Mr Parisi as the new Chief Executive Officer from 1 July 2024. The Board has expressed gratitude to Mr Parisi for his contributions and announced the distribution of 4.0 cents per stapled security for the half year ending 30 June 2024, to be paid from Eildon Capital Trust (ECT). The Distribution/Dividend Reinvestment Plan has been suspended at this time. The Group remains committed to delivering value to its investors and stakeholders under the leadership of Mr Sachdev.