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The latest update is out from Southern Cross Media Group Limited ( (AU:SXL) ).
Southern Cross Media Group has disclosed that Kerry Stokes AC ceased to be a director of the company on 20 February 2026, triggering a final notification of his relevant interests in its securities under ASX rules. The notice confirms that Stokes directly holds 124,494 ordinary shares and indirectly controls substantial additional holdings through Network Investment Holdings, Kemast Investment and Wroxby, underscoring the continued presence of his investment influence despite his board departure.
The filing details that entities controlled by Stokes collectively hold more than 97 million ordinary shares in Southern Cross Media Group, even though he no longer serves as a director. This transition separates Stokes’ governance role from his significant shareholder position, a shift that may affect board dynamics and oversight while maintaining his financial stake and potential influence through controlled investment vehicles.
The most recent analyst rating on (AU:SXL) stock is a Hold with a A$0.75 price target. To see the full list of analyst forecasts on Southern Cross Media Group Limited stock, see the AU:SXL Stock Forecast page.
More about Southern Cross Media Group Limited
Southern Cross Media Group Limited operates in the media and broadcasting industry, focusing on radio and related media assets across Australia. The company’s shareholder base includes significant strategic investors, and director-level holdings can signal alignment with major stakeholders and long‑term strategic direction in the competitive media market.
Average Trading Volume: 848,688
Technical Sentiment Signal: Sell
Current Market Cap: A$318.4M
For a thorough assessment of SXL stock, go to TipRanks’ Stock Analysis page.