Nine Entertainment Says WIN Group Raises Shareholding to Over 26%

MT Newswires Live

03/30

Nine Entertainment (ASX:NEC) said WIN Group's aggregate economic interest in the company has increased to 26.30% from 25.22%, while voting power remains unchanged at 22.98%, according to a Monday Australian bourse filing.

The company said WIN Group unwound an existing physical swap, resulting in the acquisition of 47.5 million Nine shares, and entered into a new cash-settled equity swap in respect of 17.1 million Nine shares.

The company's shares rose nearly 1% in recent Monday trade.

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