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Collins Foods Limited (ASX:CKF)

ALERT: Price-sensitive ASX Announcement for CKF
Current share price for CKF : $7.920 -2 (-20.16%)+
Announcement
Release
13 Mar 2026 8:40AM
Price at Release
$9.920
Full Release
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Summary
Collins Foods Limited (ASX: CKF) has agreed to a binding Heads of Agreement to settle an employee class action concerning 10-minute rest breaks, initiated in December 2023. The settlement amount, capped at AUD $9 million, is subject to the registration of group members and approval by the Federal Court of Australia. The terms include a cap and collar structure to adjust the settlement based on participant numbers, with provisions allowing termination or additional payments if necessary. Collins Foods makes no admission of liability, and the settlement terms remain confidential.
Key Points
  • Collins Foods Limited has entered into a settlement agreement for a class action regarding rest breaks.
  • The settlement amount is up to AUD $9 million, contingent on Federal Court approval.
  • The number of group members registering will influence the final settlement amount.
  • Collins Foods has the option to terminate the settlement or pay extra if more members register than expected.
  • No admission of liability is made by Collins Foods.
  • Further market updates will be provided as appropriate.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.