WIN Group Lifts Economic Stake in Nine via New Equity Swaps

Nine Entertainment Co. Holdings Limited ( (AU:NEC) ) has shared an announcement.

Nine Entertainment Co. has disclosed that the WIN Group, associated with Bruce Gordon and including Birketu Pty Ltd and WIN Corporation, has increased its aggregate economic interest in Nine from 27.31% to 28.22%, while its voting power remains unchanged at 22.98%. The change arises from new cash-settled equity swap transactions over 14.4 million Nine shares, signalling a deeper economic exposure to the company without a corresponding rise in formal voting control, a structure that may be closely watched by investors and regulators given WIN’s already significant stake.

The most recent analyst rating on (AU:NEC) stock is a Buy with a A$1.40 price target. To see the full list of analyst forecasts on Nine Entertainment Co. Holdings Limited stock, see the AU:NEC Stock Forecast page.

More about Nine Entertainment Co. Holdings Limited

Nine Entertainment Co. Holdings Limited is an Australian media and entertainment company listed on the ASX under ticker NEC. It operates across television broadcasting, digital media, streaming and related content businesses, targeting national audiences and advertisers through a diversified portfolio of media assets.

Average Trading Volume: 5,576,996

Technical Sentiment Signal: Sell

Current Market Cap: A$1.59B

For an in-depth examination of NEC stock, go to TipRanks’ Overview page.