Southern Cross Media Shareholder Sandon Capital Calls for Meeting to Vote on Proposed Constitutional Amendment

MT Newswires Live
2025/10/01

Southern Cross Media Group (ASX:SXL) received a notice from shareholder Sandon Capital (ASX:SNC) calling for a general meeting to vote on a proposal to amend the company's constitution, according to a Wednesday filing with the Australian bourse.

The proposed amendment would restrict the ability of the company to issue more than 25% of its shares without shareholder approval, a move that would be inconsistent with the proposed merger with Seven West Media (ASX:SWM), per the filing.

The company said shareholders representing over 25% of shares advised that they intend to vote against the proposal. Approval of the resolution requires a minimum of 75% of the votes cast by eligible shareholders to be in favor of the proposal, the filing said.

Southern Cross Media Group shares fell 6% in afternoon trade Wednesday, while Seven West Media shares shed 2%.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10