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EQT Holdings Limited (ASX:EQT)

ALERT: Price-sensitive ASX Announcement for EQT
Current share price for EQT : $18.500 0.54 (3.01%)+
Announcement
Release
21 May 2026 10:07AM
Price at Release
$17.960
Full Release
download
Summary
On 21 May 2026, EQT Holdings Limited, through its subsidiary Equity Trustees Superannuation Limited (ETSL), announced its intention to defend against civil proceedings initiated by the Australian Securities and Investments Commission (ASIC) related to the First Guardian Master Fund. The proceedings, filed in the Federal Court, seek civil penalties, compensation or remediation orders, and costs from ETSL. EQT Holdings' Managing Director, Mick O’Brien, emphasized the board's commitment to defending the allegations, asserting compliance with fiduciary duties under relevant Australian laws. The company highlights the alleged widespread fraud associated with the First Guardian case and its efforts to assist liquidators in recovering funds for affected members. EQT Holdings intends to keep the market informed according to its disclosure obligations.
Key Points
  • ASIC filed civil proceedings against Equity Trustees Superannuation Limited.
  • ETSL is a subsidiary of EQT Holdings Limited.
  • The proceedings relate to the First Guardian Master Fund.
  • ETSL intends to defend the allegations.
  • Allegations include civil penalties and compensation.
  • ETSL asserts compliance with fiduciary duties.
  • Focus on alleged widespread fraud in First Guardian case.
  • Member losses total approximately $70 million.
  • EQT Holdings is assisting in recovering funds for members.
  • Commitment to keeping the market informed.
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.