InvestSMART

Nuchev Limited (ASX:NUC)

ALERT: Price-sensitive ASX Announcement for NUC
Current share price for NUC : $0.085 -0.035 (-29.17%)+
Announcement
Release
15 May 2026 3:24PM
Price at Release
$0.120
Full Release
download
Summary
Nuchev Limited has announced the establishment of a $4 million unsecured working capital facility to support its growth plans. This facility, provided by a substantial shareholder, H&S Global Holdings Pty Ltd, is structured in two $2 million tranches, maturing on 31 March 2028. Nuchev's CEO Nathan Cheong highlighted the additional flexibility this facility provides in executing their growth strategy. The facility comes with an interest rate based on the Bank Bill Swap Rate plus 10% per annum and includes several fees, but does not require shareholder approval as it is deemed to be on arm's length terms. Nuchev is a nutritional and wellness business with a range of brands including Oli6®.
Key Points
  • Nuchev Limited has secured a $4 million unsecured working capital facility.
  • The facility is funded by H&S Global Holdings Pty Ltd ATF the H&S Investment Unit Trust.
  • The facility is structured in two tranches of $2 million each.
  • The facility will mature on 31 March 2028.
  • Interest is charged at the Bank Bill Swap Rate plus a margin of 10% per annum.
  • A line fee of 1% per annum on the undrawn portion is payable quarterly in arrears.
  • The facility is a related party transaction but is considered to be on arm’s length terms, so shareholder approval is not required.
  • Nuchev is an Australian-based Nutritional and Wellness business, known for products like Oli6®, Bio Practica, and Medicine Tree.
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.