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Sequoia Financial Group Ltd (ASX:SEQ)

ALERT: Price-sensitive ASX Announcement for SEQ
Current share price for SEQ : $0.085 -0.03 (-26.09%)+
Announcement
Release
13 Aug 2026 9:26AM
Price at Release
$0.115
Full Release
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Summary
Sequoia Financial Group Ltd has announced the revocation of its fully franked interim dividend of $0.01 per share, which was initially set for the half-year ending 31 December 2025. This decision, made by the Board, follows multiple deferrals of the dividend payment due to ongoing Federal Court proceedings and claims against InterPrac Financial Planning Pty Ltd. The Board emphasized that the priority is to responsibly manage the company's capital, address legal issues, and mitigate business risks for the shareholders, deeming the revocation to be in the best interests of the company.
Key Points
  • Sequoia Financial Group Ltd revoked its fully franked interim dividend of $0.01 per share.
  • The interim dividend was originally determined on 23 February 2026 for the half-year ending 31 December 2025.
  • Payment of this dividend had been deferred multiple times due to ongoing Federal Court proceedings and claims before the Australian Financial Complaints Authority related to InterPrac Financial Planning Pty Ltd.
  • The Board prioritized managing the company's capital, focusing on legal matters, and reducing business risk for shareholders.
  • The decision was made in the best interests of the company amidst ongoing legal issues.
  • The board resolved that revoking the dividend aligns with responsible capital management.
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.