Brief: Sports Entertainment Group To Buy Mediaworks For NZ$130 Million
12/08/2026 02:00
BRIEF-Sports Entertainment Group To Buy Mediaworks For NZ$130 Million Aug 12 (Reuters) - Sports Entertainment Group Ltd SEG.AX:
SEG AGREED TO ACQUIRE MEDIAWORKS
TO BUY MEDIAWORKS FOR NZ$130 MILLION
IDENTIFIES A$5 MILLION OF ANNUAL SYNERGIES FROM ACQUISITION
ACQUISITION COMPLETION TARGETED FOR 1 OCTOBER 2026, SUBJECT TO REGULATORY APPROVAL
REPORTS RECORD FY26 UNAUDITED REVENUE A$152.8 MILLION, NORMALIZED EBITDA A$18.0 MILLION
LAUNCHES PLACEMENT TO RAISE UP TO A$11.7 MILLION AND PLANS SHARE PURCHASE PLAN
FY NORMALIZED NPAT A$6.6M
INTENDS TO UNDERTAKE SHARE PURCHASE PLAN TO RAISE UP TO APPROXIMATELY A$2.0 MILLION
ISSUE PRICE OF PLACEMENT AT A$0.28 PER SHARE
Further company coverage: SEG.AX
((Reuters.Briefs@thomsonreuters.com;))
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