Seven West Media acquisition scheme overwhelmingly approved by shareholders

Seven West Media Limited (SWM) shareholders have voted to approve the scheme of arrangement for Southern Cross Media Group Limited to acquire SWM. At the Scheme Meeting held on Monday, December 22, 2025, 88.34% of shareholders present and voting, representing 99.36% of the votes cast, were in favor of the Scheme Resolution.

The Scheme now awaits approval from the Supreme Court of New South Wales at a hearing scheduled for Tuesday, December 23, 2025, at 9:15 am Sydney time. If approved and all conditions are met, the Scheme is expected to become effective on December 24, 2025, with SWM shares suspended from trading on ASX from close of trading on that day.

Implementation of the Scheme is slated for January 7, 2026. New Southern Cross shares are expected to commence trading on an ordinary settlement basis, with holding statements dispatched on January 8, 2026.