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HT&E Ltd ( (AU:A1N) ) has provided an announcement.
Southern Cross Media Group Limited, a prominent player in the media industry, is facing a significant development as the Panel has decided to vary its orders concerning the voting rights of ARN Media Limited’s 6.83% stake in the company. This decision comes after a request from Sandon Capital Pty Ltd, which aims to enable voting on board spill resolutions at the next general meeting. The Panel introduced a mechanism to gradually lift restrictions on the Relevant Shares, allowing for increased voting power over time, reflecting the company’s dynamic governance landscape.
The most recent analyst rating on (AU:A1N) stock is a Sell with a A$0.50 price target. To see the full list of analyst forecasts on HT&E Ltd stock, see the AU:A1N Stock Forecast page.
More about HT&E Ltd
Average Trading Volume: 92,284
Technical Sentiment Signal: Sell
Current Market Cap: A$146.6M
For a thorough assessment of A1N stock, go to TipRanks’ Stock Analysis page.