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Southern Cross Media Group Limited (ASX:SXL)

ALERT: Price-sensitive ASX Announcement for SXL
Current share price for SXL : $0.545 -0.26 (-32.30%)+
Announcement
Release
24 Dec 2025 11:14AM
Price at Release
$0.805
Full Release
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Summary
Southern Cross Media Group Limited (ASX:SXL) announced that the Scheme of Arrangement to acquire all issued shares in Seven West Media Limited (ASX:SWM) has been legally sanctioned by the Supreme Court of New South Wales. Following the court's approval and the lodging of court orders with the Australian Securities and Investments Commission (ASIC), the scheme is now legally effective. As a result, the quotation of SWM shares on the ASX will be suspended at the close of trading. SWM shareholders will receive 0.1552 Southern Cross shares for each SWM share they hold as of 30 December 2025, with the implementation date anticipated to be 7 January 2026. The release of this information has been approved by the board of Southern Cross Media Group Limited.
Key Points
  • Scheme of Arrangement approved by the Supreme Court of New South Wales.
  • Southern Cross Media Group Limited to acquire all issued shares of Seven West Media Limited.
  • Quotation of SWM shares on ASX to be suspended.
  • SWM shareholders to receive 0.1552 Southern Cross shares per SWM share.
  • Implementation date expected to be 7 January 2026.
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.