Southern Cross Media Group Launches New Executive Incentive Scheme

Southern Cross Media Group Limited ( (AU:SXL) ) has issued an announcement.

Southern Cross Media Group Limited has announced a new Executive Incentive Scheme (EIS) effective from July 2025, designed to better align senior executive incentives with investor objectives. The scheme introduces separate short-term and long-term incentive components, with the latter focusing on total shareholder returns and share price targets significantly above current levels. This strategic shift aims to enhance shareholder value and includes provisions for change of control, reflecting a commitment to aligning executive performance with shareholder interests.

More about Southern Cross Media Group Limited

Southern Cross Austereo (SCA) is a prominent media company in Australia, operating the LiSTNR digital audio app, the Hit and Triple M radio networks, and regional television stations. SCA reaches over 95% of the Australian population, offering a vast array of digital audio content, including radio stations, music genre stations, podcasts, and sports coverage. The company connects advertisers with engaged audiences through its extensive network, which also includes sales representation for SoundCloud and Sonos Radio.

YTD Price Performance: 13.33%

Technical Sentiment Signal: Buy

Current Market Cap: €95.13M

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