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Fiducian Group Limited (ASX:FID)

ALERT: Price-sensitive ASX Announcement for FID
Current share price for FID : $8.530 -3.08 (-26.53%)+
Announcement
Release
16 Dec 2025 9:01AM
Price at Release
$11.610
Full Release
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Summary
Fiducian Group Limited issued an update regarding civil proceedings initiated by the Australian Securities and Investments Commission (ASIC) against its subsidiary, Fiducian Investment Management Services Limited (FIMS), in the NSW Supreme Court. The proceedings involve allegations of misleading statements in the product disclosure statement of the Fiducian Diversified Social Aspirations Fund and a failure to comply with the Fund's compliance plan. FIMS has filed a Defence in response to these claims. The company has committed to keeping the market informed in line with disclosure requirements.
Key Points
  • ASIC initiated civil proceedings against Fiducian Investment Management Services Limited.
  • The case involves alleged misleading statements in a fund's product disclosure statement.
  • FIMS is accused of failing to comply with the fund's compliance plan.
  • FIMS has filed a Defence in the NSW Supreme Court.
  • Fiducian Group Limited will continue market updates as required.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.