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ASX:FPR

7 stories mentioning ASX:FPRUpdated just now

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Asia

Update: FleetPartners Group Receives Non-Binding, Conditional Offer From SG Fleet, Shares Hit Two-Year High

(Updates to add share movement in the last paragraph and the headline)FleetPartners Group (ASX:FPR) received an unsolicited, indicative, non-binding, and conditional offer from SG Fleet Topco to acquire all of the outstanding shares in the company through a scheme of arrangement at AU$3.60 apiece, according to a Monday filing with the Australian bourse.The proposal is subject to the completion of due diligence, entry into a scheme implementation agreement, and regulatory approvals, among other conditions.The board is reviewing the proposal and advised shareholders that no action is needed right now, the filing said.The company's shares rose 16% to their highest since August 2024 in recent Monday trade.

ASX:FPR
Asia

FleetPartners Group Receives Non-Binding, Conditional Offer From SG Fleet

FleetPartners Group (ASX:FPR) received an unsolicited, indicative, non-binding, and conditional offer from SG Fleet Topco to acquire all of the outstanding shares in the company through a scheme of arrangement at AU$3.60 apiece, according to a Monday filing with the Australian bourse.The proposal is subject to the completion of due diligence, entry into a scheme implementation agreement, and regulatory approvals, among other conditions.The board is reviewing the proposal and advised shareholders that no action is needed right now, the filing said.

ASX:FPR
Asia

FleetPartners Group Completes 10th Australian Asset-Backed Securitization

FleetPartners Group (ASX:FPR) completed its tenth Australian asset-backed securitization (ABS), AU$400 million FP Turbo Series 2026-1 Trust, according to a Wednesday filing with the Australian bourse.The transaction was priced on July 2 and settled on July 15, the filing said.The company issued a green ABS tranche as part of the transaction, exclusively funding leases for electric vehicles, per the filing.

ASX:FPR
Asia

FleetPartners Group Upgrades Fiscal 2026 New Business Written Guidance; Shares Gain 3%

FleetPartners Group (ASX:FPR) upgraded its fiscal 2026 new business written guidance to high single-digit growth from a previous expectation for marginal growth, according to a Monday filing with the Australian bourse.The company said it posted 8% growth in new business written in the year through its fiscal third quarter from the same period a year earlier.Meanwhile, assets under management or financed are on track for mid single-digit growth in fiscal 2026, while its core margin is expected to be largely stable, per the filing.FleetPartners said its end of lease income was impacted by lower disposal units in the fiscal third quarter, but is anticipated to improve in the fiscal fourth quarter albeit remaining below levels seen in the first and second fiscal quarters.The company also expects unit sales volumes to rise in the fiscal fourth quarter "as the market emerges from the traditional winter seasonal slowdown."FleetPartners Group's shares gained about 3% in recent Monday trade.

ASX:FPR
Asia

FleetPartners Group Reaches In-Principle Agreement to Settle Shareholder Class Action Proceedings

FleetPartners Group (ASX:FPR) reached an in-principle agreement to settle shareholder class action proceedings in the Victorian Supreme Court for AU$27 million, according to a Friday filing with the Australian bourse.The proceedings were initiated on behalf of shareholders who acquired an interest in shares in the company, then known as Eclipx Group, between Nov. 8, 2017, and March 20, 2019, and relate to the company's disclosures and guidance provided between fiscal 2017 and 2019, the filing said.

ASX:FPR
Asia

FleetPartners Group Posts Higher Fiscal H1 Adjusted Earnings, Revenue

FleetPartners Group (ASX:FPR) reported Thursday fiscal first-half adjusted earnings of AU$0.185 per share, up from AU$0.17 a year earlier.Analysts polled by FactSet expected earnings of AU$0.17.Revenue from continuing operations for the six months ended March 31 was AU$392.5 million, compared with AU$377 million a year earlier. Analysts surveyed by FactSet expected AU$271.2 million.The company expects operating expenses to be between AU$98.5 million and AU$99.5 million in fiscal 2026.The board declared an interim dividend of AU$0.119 per share, payable June 1 to shareholders on record as of May 15.

ASX:FPR
Asia

FleetPartners Accelerates Dividend Franking Timeline

FleetPartners Group (ASX:FPR) updated its dividend outlook after completing its fiscal 2025 tax return, now expecting future dividends, including any first-half interim payout, to be fully franked ahead of its earlier September timeline, according to a Friday Australian bourse filing.The company also confirmed it will release its fiscal first-half financial results to the Australian Securities Exchange on May 7, the filing added.

ASX:FPR

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