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Takeovers Panel Eases ARN Media Voting Limits on Southern Cross Shares

10:52am on Wednesday 2nd of July, 2025 AEST Media
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Takeovers Panel Eases ARN Media Voting Limits on Southern Cross Shares

10:52am on Wednesday 2nd of July, 2025 AEST
Key Points
  • Takeovers Panel varies orders restricting ARN Media’s 6.83% stake voting rights
  • Restrictions to ease by 3% of issued capital every six months from July 1, 2025
  • ARN likely restricted from voting on certain Southern Cross resolutions despite support
  • Statement of shareholder support for resolutions now qualified due to restrictions
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