Seven Group shareholders to vote on company name change
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The news: Seven Group Holdings intends to change its registered company name to "SGH Limited" and will seek shareholder approval for the move via a special resolution at the company's annual general meeting on 14 November.
The context: The investment conglomerate's current name was adopted in 2010, reflecting the merger of Seven Network and WesTrac Holdings.
Seven said the proposed rebrand aligns the company's name with the "evolved nature" of its core operations since the merger.
Subject to shareholder approval, the name change is expected to take effect no later than 22 November, following approval by the securities regulator.
Seven also intends to change its ASX listing code from 'SVW' to 'SGH', effective from 18 November. The new code would provide "a stronger, more direct linkage between the company name and equity markets", the company said.
What they said: "SGH has evolved into one of Australia's leading industrial-focused diversified operating companies," managing director and CEO Ryan Stokes said.
"The rebrand aligns the company's name and ASX listing code with the evolved nature of its core operations while still retaining links to our heritage."
The source: ASX announcement
