Seven Group Holdings
Seven Group Holdings (SVW) is recognised as one of Australia's leading media companies. They are one of the two largest publishers of magazines in Australia. And, they are creating a significant presence in online and new communications technologies. It is recently listed on the Australian Stockmarket (ASX) on 30 April, 2010.
Kerry Stokes' mixed mining and media business Seven Group (ASX: SVW) have announced its company financial results for the first half of 2013 to shareholders and investors on the Australian stock market.
- Seven Group Net Profit for the first half was $256.8 million, up from $52.1 million in the previous corresponding period.
A $4.1 billion dollar merger was approved by shareholders by West Australian Newspapers (ASX:WAN) and Seven Media Group (ASX:SVW) and will now be called Seven West Media. The merger will combine the interests of Seven Media's television, print and Internet business with that of West Australian Newspapers' print business.
Peruse the dividend history for SEVEN GROUP HOLDINGS LIMITED . Dividends are a distribution of a company's profit to its shareholders and paid out in the form of a cash dividend. You are eligible to receive SVW dividends if you own the SEVEN GROUP HOLDINGS LIMITED shares on the ex-dividend date. Traders and investors must purchase the stock before the exdividend date to be entitled to the dividend. The previous owner of the shares will receive the SVW dividend if you buy the stocks on or after the ex dividend date.
Australia based Seven Group Holdings (SVW), one of the leading media companies of the country which is one of the largest magazine publishers there has announced the appointment of as many as three high profile directors in response of calls for bringing in further independence in the team although it is believed that the investors may turn less interested about the recently established conglomerate after the Government came up with the controversial super profit tax for the
The Federal court has now approved the Seven-Westrac deal. Justice Peter Jacobson was satisfied with the merger and gave three reasons for his ruling:
- He noted that "There's nothing to suggest that the unrelated shareholders or the [preference share] TELYS3 holders voted otherwise than in good faith. Or they cast their vote for any improper purpose. The test of reasonableness appears to be satisfied."
- He said the test of "reasonableness" was satisfied
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