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Vinyl Group Ltd (ASX:VNL)

ALERT: Price-sensitive ASX Announcement for VNL
Current share price for VNL : $0.049 -0.011 (-18.33%)+
Announcement
Release
9 Jun 2026 8:35AM
Price at Release
$0.060
Full Release
download
Summary
Vinyl Group Ltd announced the acquisition of Pedestrian Group Pty Ltd from Nine Digital Pty Ltd for nominal consideration. This strategic acquisition is aimed at enhancing Vinyl Group's reach to advertisers, with Pedestrian Group expected to contribute significantly to Vinyl's EBITDA in FY27. The acquisition will also expand Vinyl Group's audience in the youth and entertainment media sectors, making it a leading player in these domains across Australia. The transaction exemplifies Vinyl Group's commitment to strategic, capital-efficient acquisitions.
Key Points
  • Vinyl Group will acquire 100% of Pedestrian Group Pty Ltd from Nine Digital Pty Ltd for nominal consideration.
  • Pedestrian Group is a leading Australian youth media brand with a wide reach across multiple platforms.
  • The acquisition will enhance Vinyl Group's advertiser reach to 53% of Australians online.
  • Pedestrian Group is expected to contribute $0.6m-$0.8m of pro forma EBITDA to Vinyl in FY27.
  • The acquisition shows Vinyl Group's strategy of capital-efficient acquisitions.
  • Completion of the acquisition is scheduled for June 15.
  • Pedestrian Group includes brands like PEDESTRIAN.TV, Pedestrian Jobs, and Openair Cinemas.
  • The acquisition will strengthen Vinyl Media's position in youth culture and entertainment media.
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.