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Spheria cuts NZME stake but remains major shareholder

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Spheria cuts NZME stake but remains major shareholder

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The latest update is out from NZME ( (NZMEF) ).

Spheria Asset Management Pty Ltd has reduced its substantial shareholding in NZME Limited, disclosing a fall from 19.12% to 14.73% of NZME’s ordinary shares. The change reflects a series of trades and in‑specie transfers over 2024 and March 2026, signalling a notable rebalancing of one of NZME’s larger institutional investors and a modest increase in NZME’s total shares on issue.

The reduction leaves Spheria still holding more than 27.7 million NZME shares across custodian accounts with BNP Paribas, Citicorp Nominees and Northern Trust. While Spheria remains a significant shareholder with ongoing voting and disposal control as investment manager, the decreased stake may slightly alter NZME’s ownership concentration and the influence of this particular institutional holder.

More about NZME

NZME Limited is a New Zealand-based media company listed on the NZX and ASX, with its ordinary shares widely held by institutional and retail investors. The company operates in the media and publishing sector, and its share register includes substantial product holders such as asset managers and custodians.

See more data about NZMEF stock on TipRanks’ Stock Analysis page.

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