Elmore (ASX: $ELE) Receivers and Managers Appointment

Elmore Ltd (ASX: $ELE) and its subsidiaries have appointed Richard Tucker and John Bumbak of KordaMentha as Receivers and Managers on 16 February 2024. This appointment followed the earlier appointment of Voluntary Administrators by KPMG on 6 February 2024. The Receivers and Managers are now in control of the Group's assets, undertakings, and operations, conducting an urgent assessment of the Company's financial position as operations continue.

KordaMentha's Role and Responsibilities

The appointment of KordaMentha as Receivers and Managers signifies the commencement of a process to market the Company and its assets for sale and recapitalisation opportunities in the coming weeks. Interested parties are encouraged to contact the Receivers and Managers to lodge an expression of interest. Media inquiries should be directed to Mike Smith from Inside PR, while creditor and shareholder queries should be directed to KPMG.

Summary of Elmore (ASX: $ELE) Appointment of Receivers and Managers

Elmore Ltd (ASX: $ELE) and its subsidiaries have appointed Richard Tucker and John Bumbak of KordaMentha as Receivers and Managers, giving them control of the Group's assets, undertakings, and operations. The Receivers and Managers will initiate the process to market the Company and its assets for sale and recapitalisation opportunities. Interested parties are advised to contact the Receivers and Managers to express their interest. Media inquiries should be directed to Mike Smith from Inside PR, while creditor and shareholder queries should be directed to KPMG.