InvestSMART

NSX Limited (ASX:NSX)

ALERT: Price-sensitive ASX Announcement for NSX
Current share price for NSX : $0.040 0.001 (1.28%)+
Announcement
Release
9 Sep 2025 6:39PM
Price at Release
$0.039
Full Release
download
Summary
The Scheme Booklet outlines the proposed Scheme of Arrangement for NSX Limited, where CNSX Markets Inc. through its subsidiary BidCo, aims to acquire all outstanding shares of NSX. The Scheme, initially announced on 19 May 2025 and revised on 4 August 2025, offers a cash price of 4.0 cents per fully paid share. NSX shareholders will vote on the Scheme, and the Independent Expert has concluded it is in their best interests. The Scheme is subject to court approval and the satisfaction of conditions precedent.
Key Points
  • NSX Limited is entering a Scheme of Arrangement with CNSX Markets Inc.
  • CNSX already holds a portion of NSX shares and aims to acquire the remainder.
  • Cash offer price is 4.0 cents per fully paid share.
  • Scheme requires court approval and satisfaction of conditions precedent.
  • The Independent Expert's Report supports the Scheme as in shareholders' best interests.
  • The Scheme was announced on 19 May 2025 and amended on 4 August 2025.
  • NSX shareholders will vote on 10 October 2025.
  • The Scheme Booklet includes a comprehensive explanation of the transaction.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.