Southern Cross Media Group Says Majority Shareholders Support Board After Notice From Sandon Capital

MT Newswires Live

2025/05/12

Southern Cross Media Group (ASX:SXL) said shareholders representing over 50% of the company's voting capital confirmed their support for the current board and management following the notices received from Sandon Capital, according to a Monday filing with the Australian bourse.

The notices from Sandon Capital stated that they intend to move resolutions at the next general meeting to remove Heith Mackay-Cruise, Ido Leffler, Carole Campbell, and Marina Go as directors, the filing said.

The company board and its major shareholders believe it would not be in the best interests of all shareholders to support the proposed resolutions.

The company said it is urging Sandon to withdraw the notice, according to the filing.

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