Pinnacle Becomes Major Shareholder in Southern Cross Media

Southern Cross Media Group Limited (AU:SXL) has released an update.

Pinnacle Investment Management Group Limited has emerged as a substantial shareholder in Southern Cross Media Group Ltd, holding a 5.46% stake with 13,101,888 ordinary fully paid shares. This notable financial move occurred on June 4, 2024, signaling significant investor confidence in the media company’s prospects. The details of the transactions leading to this position, including the consideration paid, are outlined in various annexures of the formal notice.

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