FPR.ASX: In-principle agreement to settle shareholder class action

In-principle agreement to settle shareholder class action

Stock	Fleetpartners Group Ltd (FPR.ASX)
Release Time	8 May 2026, 9:04 a.m.
Price Sensitive	Yes

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FleetPartners reaches settlement for shareholder class action

Key Points

In-principle agreement reached to settle shareholder class action proceedings
Settlement amount of $27 million, inclusive of interest and costs
Settlement to be fully covered by available insurance proceeds

Full Summary

FleetPartners Group Limited (ASX:FPR) has announced that an in-principle agreement has been reached to settle the shareholder class action proceedings commenced against it in the Supreme Court of Victoria in November 2023. The proceedings were commenced on behalf of shareholders who acquired an interest in the company's shares during the period from 8 November 2017 to 20 March 2019. The proceedings related to the company's disclosures and guidance provided between FY2017 and FY2019. The agreed settlement amount is $27 million (AUD), inclusive of interest and costs, and will be fully met by available insurance proceeds. In reaching this settlement, the company makes no admission of liability. The settlement is subject to the finalisation and execution of a binding deed of settlement and approval by the Supreme Court of Victoria.