Update- Divestment of 80% of Morrison Securities

Sequoia Financial Group Limited(ASX:SEQ) or (Sequoia)is pleased to announce that it has received signed share purchase agreement with New Quantum Holdings Pty Ltd (New Quantum) for the sale of 80% of Morrison Securities Limited (Morrison). As previously announced on 9 March 2023, Sequoia will receive a total cash consideration of $40.5 million for an 80% interest in Morrison, to be settled in two