Equity Trustees (ASX: $EQT) Announcement Overview

Equity Trustees Limited (ASX: $EQT) has received final approval from the Central Bank of Ireland for the sale of its investment in its Irish business, Equity Trustees Fund Services (Ireland) Limited, to Kevin Lavery and MFM Capital. The transaction is anticipated to conclude on 30 April 2024. Additionally, the UK business is in the process of managing the exit of its regulated clients and is projected to be largely finalized by 30 June 2024.

Executive Commentary

The Managing Director has authorized the release of this announcement.

Summary of Equity Trustees (ASX: $EQT) Announcement

Equity Trustees (ASX: $EQT) has obtained the final approval from the Central Bank of Ireland for the sale of its Irish business. The transaction is expected to be completed by 30 April 2024. Furthermore, the UK business is progressing with the managed exit of its regulated clients and is anticipated to be substantially concluded by 30 June 2024. Equity Trustees continues to provide a diverse range of services to individuals, families, and corporate clients, including asset management, estate planning, philanthropic services, and Responsible Entity (RE) services for external Fund Managers. The company remains committed to its core purpose of providing independent and impartial Trustee and Executor services to help families throughout Australia protect their wealth.