Australia's EML Payments gains as court approves class action settlement

EML Payments

25/03/2026 04:04

** EML Payments EML.AX rises as much as 3.5% to A$0.59; marks largest intraday pct gain since March 13

** Payments solution platform says the Supreme Court of Victoria has approved settlement of shareholder class action against co

** Settlement amount of A$37.4 mln ($26.1 mln) met from co's existing cash and debt facilities

** Co makes no admission of liability under court-approved terms of settlement

** Elects to reach commercial settlement in shareholders' best interests

** YTD, EML down 36.8%

($1 = A$1.4339)

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))