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Southern Cross Media Group Limited ( (AU:SXL) ) has shared an update.
Southern Cross Media Group Limited has received a section 203D notice from Sandon Capital, indicating a move to propose a resolution at the upcoming general meeting to remove any director appointed between May 9, 2025, and the next meeting. This action follows previous notices and comes amidst a decision by the Takeovers Panel restricting ARN’s voting rights at the AGM. The notice is not expected to impact the resolutions at the AGM, and no new director nominations have been proposed.
The most recent analyst rating on (AU:SXL) stock is a Sell with a A$0.50 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 Austereo (SCA) is a leading media company in Australia, known for its LiSTNR digital audio app and the Hit and Triple M radio networks. The company offers a wide range of digital audio content, including radio stations, sports coverage, music playlists, and podcasts, reaching millions of users monthly.
YTD Price Performance: -9.17%
Average Trading Volume: 310,848
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$130.7M
Learn more about SXL stock on TipRanks’ Stock Analysis page.