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Takeovers Panel Eases Voting Restrictions on Southern Cross Shares

2:52pm on Wednesday 2nd of July, 2025 AEST Media
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Takeovers Panel Eases Voting Restrictions on Southern Cross Shares

2:52pm on Wednesday 2nd of July, 2025 AEST
Key Points
  • Panel varies orders restricting ARN Media's voting rights on 6.83% Southern Cross shares
  • New mechanism allows incremental restoration of voting power every six months
  • Variation responds to Sandon Capital's board spill resolutions at upcoming meeting
  • Panel finds no material change but permits prospective easing of restrictions
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