The acquisition of Seven West Media Limited (SWM) by Southern Cross Media Group Limited (SXL), scheme has been implemented and Seven West Media Limited has been suspended from trading from the close of business on the 24 December July 2025. The implementation date is 07 January 2026.
Shareholders will receive 0.1552 Southern Cross Media Group Limited share for each Seven West Media Limited. Please see instructions below to account for the cash amount and acquisition in your Portfolio Manager:
- Navigate to the Portfolio Manager
- Select your portfolio that holds SWM
- Under Securities Held.
Click on SWM. - Scroll down the page to the “Trades and Adjustments” section.
- Click on the button called “Other transactions”
- From the drop-down menu, click on “New Reconstruction”.
In the new window,
- Enter the Date: 7/01/2026
- Number of shares participating is your current holding of SWM
- In the box titled New Holdings for which rollover relief applies:
- Code: SXL
- Quantity: Your SWM shareholding multiplied by 0.1552
IE: 10,000 SWM Shares multiplied by 0.6924 = 1552 SXL Shares - Fractions are rounded up.
- Cost base rolled over (%):100.
Then click on the ‘Trade Allocation” tab and check your “Allocation of Trades” method, as seen below:
Click “save” and you have now accounted for the Scheme of arrangement for SWM.
Our team in the office are ready and willing to assist you with any questions you have about any of the content above. Please give us a call on 1300 676 333 or email us at support@lincolnindicators.com.au with any questions you may have.
However, we are not licensed to provide tax advice and therefore anything which relates to tax or your personal circumstances we will not be able to answer. In order to have personal tax or finance questions answered, you will need to seek the services of a licensed practitioner who will be qualified to answer your queries.