Brief: Southern Cross Media Clarifies On A Media Article

ARN Media

01/03/2024 24:50

March 1 (Reuters) - Southern Cross Media Group Ltd
 SXL.AX :
    * REFERS TO A MEDIA ARTICLE REGARDING SHAREHOLDERS INTENDING
TO
REQUISITION EGM TO REMOVE COMPANY'S CHAIR
    * SCA HAS NOT YET RECEIVED NOTICE OF SHAREHOLDERS'
REQUISITION
EXTRAORDINARY GENERAL MEETING
    * BOARD AND MANAGEMENT REMAIN CONSTRUCTIVELY ENGAGED IN
EVALUATING
NON-BINDING INDICATIVE PROPOSAL FROM A CONSORTIUM
    * CONSIDERS IT WOULD NOT BE IN INTERESTS OF SHAREHOLDERS TO
CALL
AN EGM BEFORE FINALISING CONSIDERATION OF INDICATIVE PROPOSAL

Source text for Eikon:  ID:nASX228w2Y 
Further company coverage:  SXL.AX 

 ((Reuters.Briefs@thomsonreuters.com;))