Suspension from Quotation

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Stock Seven West Media Ltd (SWM.ASX)
Release Time 24 Dec 2025, 4:03 p.m.
Price Sensitive Yes
 Seven West Media Suspended from ASX Quotation
Key Points
  • Seven West Media (SWM) securities to be suspended from quotation on 24 Dec 2025
  • Suspension follows lodgement of Supreme Court orders approving SWM acquisition by Southern Cross Media
  • Suspension under ASX Listing Rule 17.2
Full Summary

Seven West Media Ltd (SWM) will be suspended from quotation on the Australian Securities Exchange (ASX) at the close of trading on Wednesday, 24 December 2025. The suspension is in accordance with ASX Listing Rule 17.2 and follows the lodgement of the Supreme Court of New South Wales orders with the Australian Securities and Investments Commission (ASIC) approving the scheme of arrangement by which Southern Cross Media Group Limited will acquire all of the issued shares in SWM. The suspension of SWM's securities from quotation marks the final step in the acquisition process, which was first announced in September 2025. Under the terms of the scheme, SWM shareholders will receive a cash consideration of $2.50 per share, representing a premium of approximately 35% to the company's last closing price prior to the announcement. The acquisition will consolidate Southern Cross Media's position as one of Australia's leading media companies, with a diverse portfolio of television, radio, and digital assets.