EQT Holdings Ltd. (AU:EQT) has released an update.
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EQT Holdings Ltd. has acknowledged an inadvertent breach of ASX Listing Rule 10.14, resulting from the issuance of shares to directors without proper security holder approval from 2016 to 2024. The company has issued a formal apology, initiated remedial actions including charitable donations of profits, and is revising its compliance policies to prevent future breaches. Despite the oversight, EQT has assured stakeholders that no financial advantage was gained by the directors, with the issue of shares constituting a mere 0.035% of the company’s total issued capital.
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