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Seven West Media Limited ( (AU:SWM) ) has issued an update.
Seven West Media Limited has issued 334,257 new fully paid ordinary shares following the conversion of previously unquoted options or other unquoted convertible securities. The issuance, disclosed in an Appendix 3G filing to the ASX, marginally increases the company’s share capital and reflects the take-up of equity-based incentives, which may slightly dilute existing shareholders but also signals ongoing alignment of management or investor interests with the company’s equity performance.
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 listed on the ASX that operates across television broadcasting, digital platforms and related media services. The group focuses on delivering news, entertainment and sports content to Australian audiences and monetises its reach through advertising and associated commercial partnerships.
Average Trading Volume: 1,285,661
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$192.4M
For detailed information about SWM stock, go to TipRanks’ Stock Analysis page.