InvestSMART

ARN Media Limited (ASX:A1N)

ALERT: Price-sensitive ASX Announcement for A1N
Current share price for A1N : $0.250 -0.04 (-13.79%)+
Announcement
Release
31 Mar 2026 9:52AM
Price at Release
$0.290
Full Release
download
Summary
ARN Media Limited has announced that Ms. Jacqueline Henderson and her related company have commenced legal proceedings against the company. The case has been filed in the Federal Court against the Commonwealth Broadcasting Corporation Pty Ltd, a subsidiary of ARN responsible for KIIS 1065 Sydney. The lawsuit claims that Ms. Henderson's contract termination constitutes adverse action, citing her 'Complaint Letter' regarding workplace grievances with Mr. Kyle Sandilands, which allegedly led to the contract's termination in violation of the Fair Work Act. Additionally, the plaintiffs allege misleading statements in ARN's market announcement and seek over $82 million in compensation. ARN intends to contest these claims and is unable to predict the outcome or financial impact at this stage.
Key Points
  • Legal proceedings initiated by Ms. Jacqueline Henderson against ARN Media Limited.
  • The lawsuit involves claims against Commonwealth Broadcasting Corporation Pty Ltd, a subsidiary of ARN.
  • Ms. Henderson's contract termination is claimed to be an adverse action linked to workplace grievances.
  • ARN is accused of violating the Fair Work Act and making misleading ASX market announcements.
  • Plaintiffs are claiming compensation of at least $82,250,000.
  • ARN Media Limited plans to defend against these allegations.
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.