Substantial Shareholder Ups Stake in ARN Media

HT&E Ltd (AU:A1N) has released an update.

Samuel Terry Asset Management Pty Ltd, as trustee for Samuel Terry Absolute Return Fund, significantly increased its voting power in ARN Media Limited from 7.4% to 17.0% through on-market purchases of shares. The transactions involved a total consideration of $16,685,754 for 30,007,651 ordinary shares and an additional purchase of 51,837 shares for $29,709. This change of interest positions Samuel Terry Asset Management as a more influential player in the media company’s financial dynamics.

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