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EQT Holdings Limited (ASX:EQT)
ALERT: Price-sensitive ASX Announcement for EQT
Current share price for EQT : $23.040 -0.09 (-0.39%)+
Announcement
Release
13 Oct 2025 9:57AM
Price at Release
$23.130
Full Release
Summary
EQT Holdings Limited issued an update on Federal Court proceedings initiated by the Australian Securities and Investments Commission (ASIC) against its subsidiary, Equity Trustees Superannuation Limited (ETSL). ASIC has amended its Statement of Claim to include compensation for losses incurred by members of AMG Super and Super Simplifier platforms who invested in the Shield Master Fund. ETSL maintains that the losses were not due to its actions and intends to continue defending the proceedings. On 30 September 2025, the Shield Master Fund was revalued, indicating a significant potential recovery of funds. EQT Holdings Limited continues to support affected members and collaborate with Shield's liquidators for value recovery.
Key Points
- ASIC amended its claim to include compensation for investor losses.
- ETSL denies responsibility for the losses and plans to defend its actions.
- The Shield Master Fund was significantly revalued, suggesting potential recovery.
- EQT Holdings Limited continues to support and seek recovery for affected members.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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