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An announcement from Seven West Media Limited ( (AU:SWM) ) is now available.
Seven West Media has disclosed a technical change in the shareholdings of its chairman, Kerry Stokes AC, with 802,150 restricted ordinary shares he holds directly becoming unrestricted ordinary shares, while his substantial indirect holdings through Kemast Investments Pty Ltd and Network Investment Holdings Pty Limited remain unchanged. The move does not alter the total number of shares controlled by Stokes, but it increases the liquidity of his directly held stake, a minor governance development that marginally enhances flexibility in how those shares can be managed or traded without signalling any change in the company’s broader strategic or operational outlook.
The most recent analyst rating on (AU:SWM) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Seven West Media Limited stock, see the AU:SWM Stock Forecast page.
More about Seven West Media Limited
Seven West Media Limited is an Australian media company operating across broadcast television, print and digital platforms. The group’s primary assets include the Seven Network, newspapers and digital publishing, with a focus on delivering news, sport and entertainment content to national audiences and advertisers.
Average Trading Volume: 1,285,661
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$192.4M
Learn more about SWM stock on TipRanks’ Stock Analysis page.