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ASX:EQT

12 stories mentioning ASX:EQTUpdated 1h ago

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Asia

EQT Holdings Says TPG, BGH Proposals Undervalue Equity Trustees, Opens Door to Improved Offers

EQT Holdings (ASX:EQT) said its board has concluded that the offer prices proposed separately by TPG Global and BGH Capital do not adequately reflect the value of Equity Trustees, though it is prepared to engage with both parties, according to a Monday Australian bourse filing.The company said the board has offered each party the opportunity to receive substantive non-public information to enable an improved proposal, subject to entering into an appropriate confidentiality deed including a standstill, with a draft already provided to both TPG and BGH.TPG and BGH have each indicated that their indicative offer prices will not be reduced by EQT's fiscal 2026 final dividend of AU$0.20 per share disclosed on Aug. 27, and have confirmed their proposals are not conditional on Equity Trustees exiting its Superannuation Trustee Services business or the conclusion of ASIC litigation, the filing added.The company's shares fell 1% in recent Monday trade.

ASX:EQT
Asia

Revolution Private Credit Income Trust Confirms No Exposure to Property Development Loans

Revolution Private Credit Income Trust's (ASX:REV) responsible entity, EQT Holdings' (ASX:EQT) unit Equity Trustees, said the fund has no exposure to property construction or development loans, nor any debt exposure to Bathla Group, Public Hospitality Group or JDH Group, according to an Australian bourse filing on Thursday after market hours.EQT and Revolution Asset Management said property development and construction fall outside their investment strategy.

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Asia

EQT Holdings Fiscal 2026 Underlying Earnings Down, Revenue Up

EQT Holdings (ASX:EQT) logged AU$0.9864 in underlying earnings per share for fiscal 2026, compared with AU$1.4001 a year ago, a Thursday filing showed.For the 12 months ended June 30, revenue from ordinary activities was AU$167 million versus AU$152.7 million previously, the Australia-listed financial services provider added.The board declared a final dividend of AU$0.20 per share, down from AU$0.56 a year earlier, payable Oct. 23 to shareholders on record as of Oct. 12.

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Asia

Australian Shares Close Down; Guzman y Gomez Fiscal 2026 Underlying Earnings, Revenue Up

Australian shares fell on Friday, tracking losses on Wall Street as bond yields rose again.The S&P/ASX 200 Index lost 0.27%, or 24.90 points, to close at 9,058.90.Overnight on Wall Street, the Dow Jones Industrial Average fell 1.3%, the Nasdaq Composite declined 1%, while the S&P 500 was down 0.9%.Brent crude futures ​continued to rise to around $93 per barrel as the deadlock in the Middle East continued. US Treasury Secretary Scott Bessent said the US will impose "the toughest sanctions in history" on Iran.On the domestic front, Australia's private sector composite output index posted 52.5 in August, down from 53.2 in July, marking a third consecutive month of growth though at a slightly softer pace, with services activity driving the expansion while manufacturing output tipped into mild contraction, according to a report by S&P Global.In company news, Guzman y Gomez (ASX:GYG) logged AU$0.521 in underlying earnings per share from continuing operations for fiscal 2026, compared with AU$0.389 a year ago. For the 12 months ended June 30, revenue was AU$520.4 million versus AU$427.1 million previously. Its shares closed up 12%.Charter Hall Group (ASX:CHC) logged AU$1.032 in post-tax operating earnings per stapled security for fiscal 2026, compared with AU$0.814 a year ago. For the 12 months ended June 30, total income was AU$811.3 million versus AU$672.9 million previously.Lastly, EQT Holdings (ASX:EQT) received an unsolicited, indicative, and non-binding proposal from private equity firm BGH Capital to acquire all outstanding shares for AU$24.75 in cash per share, less any dividends declared or paid. Its shares rose 9% on market close.

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Asia

Update: EQT Holdings Receives Takeover Proposal From BGH Capital; Shares Up 11%

(Updates to add stock movement in the headline and the last paragraph)EQT Holdings (ASX:EQT) received an unsolicited, indicative, and non-binding proposal from private equity firm BGH Capital to acquire all outstanding shares for AU$24.75 in cash per share, less any dividends declared or paid, according to a Friday filing with the Australian bourse.The proposal remains subject to due diligence, BGH investment committee approval, agreement on the scheme deed, shareholder and regulatory approvals, and other customary conditions, per the filing.The company's board will review the proposal with its advisers, while noting that it may not result in a binding offer or completed deal, the filing added.The company's shares rose around 11% in recent Friday trade.

ASX:EQT
Asia

EQT Holdings Receives Takeover Proposal From BGH Capital

EQT Holdings (ASX:EQT) received an unsolicited, indicative, and non-binding proposal from private equity firm BGH Capital to acquire all outstanding shares for AU$24.75 in cash per share, less any dividends declared or paid, according to a Friday filing with the Australian bourse.The proposal remains subject to due diligence, BGH investment committee approval, agreement on the scheme deed, shareholder and regulatory approvals, and other customary conditions, per the filing.The company's board will review the proposal with its advisers, while noting that it may not result in a binding offer or completed deal, the filing added.

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Asia

Australian Shares Flat; CSL Fiscal 2026 Underlying NPATA Earnings Per Share Down, Revenue Up

Australian shares were flat on Tuesday as the ceasefire between the US and Iran expired.The S&P/ASX 200 Index was little changed to close at 9,070.Brent crude futures ​gained for a third consecutive day to around $91 per barrel as prospects for a near-term resolution seemed distant.Overnight on Wall Street, the S&P 500 and the Dow Jones indices both fell 0.5%, while the Nasdaq Composite declined 0.3% on soft US economic data.On the domestic front, the ANZ-Roy Morgan Australian Consumer Confidence rose 1.5 points to 76.5 in the week of Aug. 17 to 23, taking confidence to its highest level in 24 weeks, ANZ Research reported.The Westpac-Melbourne Institute Consumer Sentiment Index rose 6% to 88.9 in August from 83.9 in July.In company news, CSL (ASX:CSL) logged $6.43 in underlying NPATA earnings per share for fiscal 2026, compared with $6.65 a year ago. For the 12 months ended June 30, revenue was $15.8 billion versus $15.56 billion previously. Its shares rose over 18% on market close.BHP Group (ASX:BHP) logged $2.60 in underlying basic earnings per share for fiscal 2026, compared with $2.002 a year ago. For the 12 months ended June 30, revenue was $58.76 billion from $51.26 billion previously.Lastly, EQT Holdings (ASX:EQT) received an unsolicited, non-binding proposal from TPG Global to acquire all of the company's shares via a scheme of arrangement for AU$24.55 in cash per share, less any dividends declared or paid. Its shares closed up over 22%.

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Asia

Update: EQT Holdings Receives Takeover Proposal From TPG Global, Shares Jump 20%

(Update to add stock movement in the headline and the fourth paragraph)EQT Holdings (ASX:EQT) received an unsolicited, non-binding proposal from TPG Global to acquire all of the company's shares via a scheme of arrangement for AU$24.55 in cash per share, less any dividends declared or paid, according to a Tuesday filing with the Australian bourse.The proposal remains subject to due diligence, regulatory approvals and other conditions, with the company's board and advisers assessing it and no guarantee that a binding offer will be made, per the filing.The company will report fiscal 2026 results on Thursday, including its final dividend decision and an update on its planned exit from independent superannuation trusteeship and related capital and funding implications, the filing added.Its shares jumped 20% in recent trading on Tuesday.

ASX:EQT
Asia

EQT Holdings Receives Takeover Proposal From TPG Global

EQT Holdings (ASX:EQT) received an unsolicited, non-binding proposal from TPG Global to acquire all of the company's shares via a scheme of arrangement for AU$24.55 in cash per share, less any dividends declared or paid, according to a Tuesday filing with the Australian bourse.The proposal remains subject to due diligence, regulatory approvals and other conditions, with the company's board and advisers assessing it and no guarantee that a binding offer will be made, per the filing.The company will report fiscal 2026 results on Thursday, including its final dividend decision and an update on its planned exit from independent superannuation trusteeship and related capital and funding implications, the filing added.

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Wire

Update: EQT Holdings Plans to Stop Offering Independent Superannuation Trusteeship, Shift Focus to Core Corporate Trustee Services; Shares Fall 13%

(Updates with the stock movement in the headline and last paragraph.)EQT Holdings (ASX:EQT) plans to stop offering independent superannuation trusteeship as part of a strategic decision to focus on its core corporate trustee services and trustee and wealth services businesses, according to a Monday filing with the Australian bourse.The decision follows a review that evaluated market dynamics, operating requirements, long-term growth opportunities, as well as shifting client needs as two of the company's major superannuation clients are considering a move to internalize trusteeship.If Equity Trustees Superannuation retires from its superannuation trustee appointments, EQT Holdings will be required to repay operational risk financial requirements loan facilities of AU$36 million, the company said.It added that the move is expected to result in a one-off non-cash impairment charge estimated at about AU$13 million in fiscal 2026 results, while total legal and advisory costs related to the review are expected to be about AU$6.3 million for the fiscal year.Additionally, the company also expects to incur about AU$2.2 million of net legal and advisory costs in the second half of the fiscal year for legal proceedings related to the Shield and First Guardian Master Funds.EQT Holdings said its Superannuation Trustee Services business accounted for 5% of the group's net profit before tax in the first half of fiscal 2026.The company's shares fell 13% in recent Monday trade.

ASX:EQT
Asia

EQT Holdings Plans to Stop Offering Independent Superannuation Trusteeship, Shift Focus to Core Corporate Trustee Services

EQT Holdings (ASX:EQT) plans to stop offering independent superannuation trusteeship as part of a strategic decision to focus on its core corporate trustee services and trustee and wealth services businesses, according to a Monday filing with the Australian bourse.The decision follows a review that evaluated market dynamics, operating requirements, long-term growth opportunities, as well as shifting client needs as two of the company's major superannuation clients are considering a move to internalize trusteeship.If Equity Trustees Superannuation retires from its superannuation trustee appointments, EQT Holdings will be required to repay operational risk financial requirements loan facilities of AU$36 million, the company said.It added that the move is expected to result in a one-off non-cash impairment charge estimated at about AU$13 million in fiscal 2026 results, while total legal and advisory costs related to the review are expected to be about AU$6.3 million for the fiscal year.Additionally, the company also expects to incur about AU$2.2 million of net legal and advisory costs in the second half of the fiscal year for legal proceedings related to the Shield and First Guardian Master Funds.EQT Holdings said its Superannuation Trustee Services business accounted for 5% of the group's net profit before tax in the first half of fiscal 2026.

ASX:EQT
Asia

EQT Holdings Unit to Fight ASIC Lawsuit Over Alleged First Guardian Failures; Shares Down 7%

EQT Holdings (ASX:EQT) said its unit, Equity Trustees Superannuation, plans to fight the Australian Securities and Investments Commission's (ASIC) allegations of onboarding failures related to the First Guardian Master Fund, according to a Thursday filing with the Australian bourse.Earlier the same day, the regulator launched civil penalty proceedings in the Federal Court against Equirt Trustees, claiming that it did not obtain critical information before allowing members to invest in First Guardian. The ASIC also alleges that Equity Trustees permitted the investments despite evidence that the fund "was or may have been illiquid."The regulator is seeking compensation for members' losses, as well as declarations and civil penalties."We believe that First Guardian is primarily a case of alleged and widespread fraud, and that the focus should be on those parties," Equity Trustees Managing Director Mick O'Brien said, adding that his company acted in line with its fiduciary duties and obligations.Member losses through the fund for which Equity Trustees was the trustee total about AU$70 million, the company said.Shares of EQT Holdings fell 7% in recent Thursday trade.

ASX:EQT

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