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Southern Cross Media Group Adjusts Director’s Shareholding Amid Compliance Review

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Southern Cross Media Group Adjusts Director’s Shareholding Amid Compliance Review

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An announcement from Southern Cross Media Group Limited ( (AU:SXL) ) is now available.

Southern Cross Media Group Limited announced a change in the director’s interest, with Ido Leffler disposing of 931 fully paid ordinary shares valued at $614.46, reducing his holding to 64,869 shares. This on-market sale occurred during a blackout period due to an administrative oversight, without prior written clearance. The company has reviewed its internal procedures to prevent such occurrences in the future, highlighting its commitment to compliance and governance.

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 Media Group Limited operates in the media industry, focusing on radio, television, and digital media services across Australia. The company is known for its extensive network of radio stations and television channels, catering to a diverse audience with a wide range of content offerings.

Average Trading Volume: 222,608

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$141.5M

See more insights into SXL stock on TipRanks’ Stock Analysis page.

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