ARN Media slashes Southern Cross Media stake; Samuel Terry buys in

ARN Media Limited and its group entities announced a significant change in their substantial holding in Southern Cross Media Group Limited, reducing their voting power from 14.8% to 6.83%. This change, effective on December 4, 2025, resulted from an on-market sale by Gulgong Pty Limited, a member of the ARN Media Group, for $14,346,225. Post-sale, ARN Media Group entities now hold 16,376,774 ordinary shares.

Concurrently, Samuel Terry Asset Management Pty Ltd became a new substantial holder in Southern Cross Media Group Limited, acquiring an 8.6% voting power, representing 20,692,975 ordinary shares. This acquisition also occurred on December 4, 2025, with a total consideration of $14,366,579 for shares acquired on this date, contributing to their overall stake.

Fred Woollard, holding 1,000 ordinary shares through a direct interest, is also noted as an associate of Samuel Terry Asset Management Pty Ltd, with the latter controlling a significant portion of the securities as trustee for the Samuel Terry Absolute Return Fund.