New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Event-Driven

Sports Entertainment Group  / Event-Driven

<ul><li>ASX-listed Sports Entertainment Group (SEG) has this morning announced the acquisition of MediaWorks for NZ$130m, or c.5.1x budgeted CY26 EBITDA (NZ$25.4m).</li><li>SEG expects to realise ~A$5m of annual synergies and for the deal to be immediately EPS accretive (pre-synergies).</li><li>SEG sees a credible path to MediaWorks achieving >NZ$38.0m EBITDA by FY30, seeing 'multiple levers' for growth across MediaWorks’ radio and digital assets.</li></ul>

ASX-listed Sports Entertainment Group (SEG) has this morning announced the acquisition of MediaWorks for NZ$130m, or c.5.1x budgeted CY26 EBITDA (NZ$25.4m).SEG expects to realise ~A$5m of annual synergies and for the deal to be immediately EPS accretive (pre-synergies).SEG sees a credible path to MediaWorks achieving >NZ$38.0m EBITDA by FY30, seeing 'multiple levers' for growth across MediaWorks’ radio and digital assets.

NZME (NZM)—Sports Entertainment Group (SEG) Acquires MediaWorks