Brief: EQT Holdings To Withdraw From Offering Independent Superannuation Trusteeship Via Unit
Mon 02:20
BRIEF-EQT Holdings To Withdraw From Offering Independent Superannuation Trusteeship Via Unit June 22 (Reuters) - EQT Holdings Ltd EQT.AX:
TO WITHDRAW FROM OFFERING INDEPENDENT SUPERANNUATION TRUSTEESHIP VIA UNIT, EQUITY TRUSTEES SUPERANNUATION LIMITED
DECISION FOLLOWS STRATEGIC REVIEW OF SUPERANNUATION TRUSTEE SERVICES BUSINESS
BOARD OF UNIT ETSL WILL CONSIDER OPTIONS FOR FUNDS UNDER ITS TRUSTEESHIP
IF ETSL RETIRES FROM SUPERANNUATION TRUSTEE APPOINTMENTS, CO REQUIRED TO REPAY ORFR LOAN FACILITIES OF A$36 MILLION
EXPECTS A$2.2 MILLION (NET OF INSURANCE SUPPORT) IN LEGAL, ADVISORY COSTS IN 2H IN RELATION TO ASIC LEGAL PROCEEDINGS
EXPECTED THAT ONE-OFF NON-CASH IMPAIRMENT CHARGE ESTIMATED AT AROUND A$13 MILLION WILL BE INCURRED IN FY26
Further company coverage: EQT.AX
((Reuters.Briefs@thomsonreuters.com;))
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