SEG.ASX: SEG Placement Oversubscribed

SEG Placement Oversubscribed

Stock	Sports Entertainment Group Ltd (SEG.ASX)
Release Time	14 Aug 2026, 9:49 a.m.
Price Sensitive	Yes

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SEG Placement Oversubscribed

Key Points

Oversubscribed placement with A$14.6 million commitments
Supported by existing and new investors
Funds to finance MediaWorks acquisition

Full Summary

Sports Entertainment Group Limited (SEG) has successfully completed an oversubscribed placement, raising approximately A$14.6 million. The placement, which was supported by both existing shareholders and new institutional and professional investors, will contribute to SEG's acquisition of MediaWorks, creating a leading trans-Tasman audio and digital platform. The acquisition is expected to result in a combined weekly audience of over 5 million people. SEG also plans to offer a non-underwritten Share Purchase Plan to eligible shareholders to raise up to A$2 million.

Guidance

Proceeds from placement to fund MediaWorks acquisition, expected EPS accretion of ~68% on pro forma FY26 basis.

Outlook

The acquisition of MediaWorks is expected to create significant growth opportunities for SEG, with a clear pathway to further growth and improved financial metrics.