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ARN Media Limited (ASX:A1N)

ALERT: Price-sensitive ASX Announcement for A1N
Current share price for A1N : $0.240 0.03 (14.29%)+
Announcement
Release
17 Jun 2026 7:30AM
Price at Release
$0.210
Full Release
download
Summary
ARN Media Limited has settled its legal proceedings with Mr. Kyle Sandilands, agreeing to a $12.09 million settlement paid over three years. In addition to the cash settlement, Mr. Sandilands will receive $1.5 million in advertising services from ARN and ARN will gain a 19.9% revenue share from his new venture. There are also restrictions on Mr. Sandilands' engagements with competing companies until March 2027. This settlement resolves all claims and counterclaims and allows ARN to focus on its strategic goals.
Key Points
  • ARN Media Limited has reached a settlement with Mr. Kyle Sandilands.
  • The settlement resolves all outstanding legal proceedings between ARN and Mr. Sandilands.
  • ARN will pay Mr. Sandilands a total of $12.09 million, with payments structured until June 2029.
  • Mr. Sandilands will receive $1.5 million in advertising services on ARN's platforms over the next three years.
  • ARN will receive a 19.9% net revenue share from Mr. Sandilands' new venture for up to three years.
  • Restraints prevent Mr. Sandilands from engaging with ARN's direct competitors until March 2027.
  • ARN's CEO emphasizes the importance of this agreement for operational certainty.
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.