Overview of E&P Financial Group Limited's recent announcement

E&P Financial Group Limited (ASX: $EP1) has informed that a settlement approval hearing was conducted in the Federal Court of Australia on 3 April 2024 regarding the representative proceeding filed by Shine Lawyers in December 2021. The case involves Shine Lawyers' proceeding against Dixon Advisory & Superannuation Services Pty Ltd (Administrators Appointed), E&P, Mr Alan Dixon, and Mr Christopher Brown. The Court has adjourned the settlement approval hearing to 17 April 2024 for the applicant to provide additional information.

Executive commentary on the recent development

The settlement approval hearing held on 3 April 2024 was an important step in the legal process. We respect the Court's decision to adjourn the hearing to allow for further information. We are committed to cooperating with the legal proceedings and look forward to the final decision on 17 April 2024.

Summary of E&P Financial Group Limited's announcement

E&P Financial Group Limited (ASX: $EP1) has provided an update on the settlement approval hearing related to the representative proceeding filed by Shine Lawyers. The Court has adjourned the hearing to 17 April 2024, indicating the need for additional information before making a decision. E&P Financial Group remains focused on cooperating with the legal process and awaits the final decision in April 2024.