Overview of Substantial Holder Interests Update

Southern Cross Media Group Limited (ASX:SXL) has received a notice from Allan Gray Australia Pty Limited (Allan Gray Australia) regarding changes in their relevant interests and voting power in SXL. The notice, dated 6th December 2023, outlines the correction of the June Notice and subsequent updates to the substantial holder's interests in SXL shares.

Allan Gray Australia's Disclosure

The notice from Allan Gray Australia Pty Limited provides details of the correction to the June Notice, which previously did not account for the deemed relevant interest in SXL shares held by ARN Media Limited and its associates. The notice also reflects the change in the Allan Gray Group's relevant interest in SXL shares as at 17th November 2023, representing a voting power of 11.97%. The corrected June Notice and the new October Notice have been restated for clarity.

Implications and Outlook

The updates in the substantial holder's interests in Southern Cross Media Group Limited indicate a shift in the voting power and relevant interests held by Allan Gray Australia Pty Limited and its related bodies corporate. These changes may have implications for the company's corporate governance and shareholder structure. It is important for investors and stakeholders to consider the impact of these updates on the company's ownership and governance. Looking ahead, it will be essential to monitor any further developments in the substantial holder's interests and their potential influence on Southern Cross Media Group's corporate landscape.