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Takeovers Panel Eases ARN Media’s Voting Restrictions on Southern Cross Shares
10:12am on Wednesday 2nd of July, 2025 AEST
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Takeovers Panel Eases ARN Media’s Voting Restrictions on Southern Cross Shares
10:12am on Wednesday 2nd of July, 2025 AEST
Key Points
Panel varies previous orders restricting ARN Media’s voting rights
Voting restrictions to lift progressively every six months from July 2025
Sandon Capital seeks to use shares to vote on board spill resolutions
Restrictions tied to ‘creep rule’ allowing incremental voting power increase
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