FNZ employee shareholders file class action over ‘repeated’ dilution of their stakes

FNZ chief executive Blythe Masters. (Image: FNZ)

Wed, 23 Apr 2025

Employee shareholders of fintech FNZ have confirmed they will be taking a class action against the company’s board following “repeated” dilution of their stakes.The group of employees, who are class B shareholders in the firm, had warned of action following substantial capital raises in the past 12 months.In March, the global fintech offered its class B shareholders a “catch-up” offer after it revealed their holdings could be massively diluted following its August capital raise of US$1 billion (NZ$1.7b).Earlie...

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