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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 Media
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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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