Monday, 19 April, 2021 - 14:30
Seven Group launches mega raising
Seven Group has entered a trading halt ahead of a $550 million equity raising, aimed at helping the company reduce its debt and pursue further growth opportunities.
Ryan Stokes AO is the son of Kerry Stokes and holds senior board and executive roles in his father’s business empire including as chief executive of the family’s private investment company, Australian Capital Equity, being appointed an executive director in 2001 and chief executive in April 2010.
He was appointed managing director of Seven Group Holdings from July 2015, was chief operating officer from August 2012 and executive director since 2010. Mr Stokes is also a director of Seven West Media, which owns the Seven Network and The West Australian. As a director of WesTrac, Mr Stokes has extensive experience in China, having developed relationships with various mining and media companies for over 15 years.
Mr Stokes has been chair of the National Library of Australia, member of the Prime Ministerial Advisory Council on Veterans Mental Health, committee member of innovationXchange (within the Department of Foreign Affairs and Trade) which provides strategic guidance on innovation in aid programs, member of the IOC Olympic Education Commission, and chair of Australia’s National Youth Mental Health Foundation (Headspace).
Mr Stokes holds a Bachelor of Communications from Curtin University and is a Fellow of the Australian Institute of Management.
In 2020, he was appointed an Officer of the Order of Australia for distinguished service to the people and parliament of Australia, to the media as a political commentator, and through philanthropic support for a range of community organisations.
Rank | Company | # | |
---|---|---|---|
1st | - | Wesfarmers | $44.31bn |
2nd | - | SGH | $10.73bn |
3rd | - | Perenti | $3.38bn |
4th | - | NRW Holdings | $2.94bn |
5th | ![]() |
Macmahon Holdings | $2.04bn |
Rank | Company | 1 Yr | 5 Yr |
---|---|---|---|
261st | VEEM">VEEM | 56.98% | 23.06% |
262nd | Primewest">Primewest | 56.46% | 0% |
263rd | SGH">SGH | 56.07% | 23.53% |
264th | Almonty Industries">Almonty Industries | 55.91% | 0% |
265th | Objective Corporation">Objective Corporation | 55.8% | 25.08% |
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Seven Group has entered a trading halt ahead of a $550 million equity raising, aimed at helping the company reduce its debt and pursue further growth opportunities.
Seven Group Holdings’ hostile takeover of Boral is moving closer to success, after increasing its offer price and lifting its holding to 35 per cent.
Kerry Stokes-led Seven Group is poised to take control of listed building and construction company Boral after lifting its ownership stake above 50 per cent.
Royal commissioner Neville Owen has sought to quash any concerns about conflicts of interest by acknowledging he is a director of a key company in Kerry Stokes' business empire.
Self-made billionaire Kerry Stokes is retiring from the board of ASX-listed Seven Group Holdings, but the 80 year old will retain a well-paid consultancy role.
Our board moves wrap includes Joycelyn Morton, Ryan Stokes, Alexander Downer, Paul Cahill, Maciej Sciazko, Tommy McKeith, and Matt Briggs.
Advisers have been appointed for a potential sale of Seven Group’s share of the Crux LNG project, managing director Ryan Stokes has said, while flagging deals around Coates and WesTrac.
BCI Minerals is set to receive a $175 million cash injection from AustralianSuper and $110 million from major stakeholder Kerry Stokes to get its $1.2 billion potash project up and running.
Our board moves wrap includes Ryan Stokes, Margaret Hall, Danielle Carter, Trish White, David Acton, Mark Twycross, Sophie Raven, Gregory Gettingby, Michael Stirzaker, Patricia Farr, and Jutta Zimmermann.
While lower returns on equity have flowed through to WA’s top earners this year, the river has hardly run dry for the top end of town.
A likely change of power in Canberra this year will have little bearing on the makeup of WA’s political and business leaders. Click through to see our updated ranking of WA's 50 Most Influential.
Seven Group Holdings has amassed a $577 million underlying net profit for the financial year following strong performances from WesTrac and Coates.
Seven Group chair Ryan Stokes has sought to ease tensions with Andrew Forrest after revelations the Fortescue Metals Group chair took a swipe at the Stokes empire over a trucking deal.
Andrew Forrest’s private company is expected to proceed with the redevelopment of the East Perth Power Station, after Kerry Stokes’ Australian Capital Equity backed out.
Former WA treasurer Ben Wyatt has become an adviser to Australian Capital Equity, adding to the network of powerful individuals close to its chair Kerry Stokes.
Seven Group Holdings chief executive Ryan Stokes has returned to the board of Beach Energy, replacing Margaret Hall as a designated director of the investment group.
Our board moves wrap includes Ryan Stokes, Margaret Hall, Wouter Pulinx, Jozsef Patarica, Luke Graham, and Mark Schuessler.
Ryan Stokes will step up as interim chair of Beach Energy after the gas explorer’s current chairman Glenn Davis announced his retirement.
Our board moves wrap includes Glenn Davis, Ryan Stokes, Jill Irvin, Paul Whimp, Hayden Leary, Denning Chong, Harry Miller, and Matthew Skinner.
Our weekly appointments wrap includes Stephen Kinsella, Steve Moreland, Zaiqian Zhang, Paul McQueen, Dominique Mecoy, Diane Smith-Gander, Andrea Sutton, Ryan Stokes and Glenn Davis.
Beach Energy reported a 12 per cent revenue drop last quarter, citing a “disappointing” drop in east coast uptake for its product and singling out Otway Basin customer Origin Energy.
Billionaire Kerry Stokes has been returned as chair of the Seven West Media board at the company’s annual general meeting this morning.
Beach Energy interim chair Ryan Stokes has lashed the increasingly complex regulatory environment for Australian oil and gas projects in his address to the company’s AGM this morning.
WA’s opportunity to capitalise on the United States’ massive Inflation Reduction Act will hinge largely on its ability to keep pace with demand, according to BHP’s iron ore boss.
WA’s energy investment push comes while debate continues over the opportunities and threats posed by the US Inflation Reduction Act.
The strong performance of Seven Group Holdings’ industrial segment outweighed a substantial fall in media business earnings and asset write-downs at Beach Energy in the first half of FY24.
Kerry Stokes’ Seven Group Holdings has made an off-market takeover offer to buy the remaining part in east coast-based Boral it doesn’t already own.
Seven Group Holdings has launched a vigorous attack on advisory firm Grant Samuel, whose report was used by Boral’s independent directors to oppose Seven’s takeover offer.
Adelaide-based Perth Basin gas play Beach Energy will slash its workforce by 30 per cent, following a strategic review into its operations in the east and west coast gas markets.
Takeover target Boral has doubled down on its recommendation to reject Seven Group Holdings' takeover offer, as the value range gets a trim.
Kerry Stokes-backed Beach Energy is on track to deliver long-awaited first production from the second stage of its Waitsia stage two project in early 2025.
Kerry Stokes’ private company Australian Capital Equity has reported a big jump in annual profit while also disclosing the value of his expansive art collection and other assets.
Ryan Stokes-led Seven Group Holdings has sought a name change to better reflect its operations, with the vote to be cast at the next annual general meeting.
Beach Energy posted a 10 per cent lift in quarterly production, locked in Ryan Stokes as chairman and says first gas from Waitsia remains on track in its latest report.
Seven Group boss Ryan Stokes has signalled his support for the group's struggling media business and has described Australia as the best place for the company to invest.
Beach Energy chair Ryan Stokes has called out “ideological rhetoric” against oil and gas proponents, as the company inches toward production at the troubled Waitsia plant.
Shareholder returns were not always reflected in the scale and growth of public-listed executive pay packets last financial year.
Ryan Stokes-chaired Beach Energy has narrowed its overall production guidance for the 2025 financial year, despite posting a higher first half profit.
Kerry Stokes’ SGH generated a $508 million net profit in the first six months of the financial year driven by its industrial division, but major challenges persisted in its flagship media business.
Roger Cook’s name has been a regular feature on the annual list of Western Australia’s most influential business and political players published by Business News.
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Ryan Stokes is linked to 11 organisations which are included in 7 lists - Equipment and Fleet Hire, Public Companies - non WA, Media, Family offices, Public Companies - Industrial WA, Business News 30 and Private Companies - Large.
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