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Next Science Limited (ASX:NXS)

ALERT: Price-sensitive ASX Announcement for NXS
Current share price for NXS : $0.145 0.005 (3.57%)+
Announcement
Release
23 Dec 2025 12:56PM
Price at Release
$0.140
Full Release
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Summary
Next Science Limited (NXS) has proposed a voluntary delisting from the Australian Securities Exchange (ASX) following the sale of nearly all its assets to OSARTIS GmbH. The company plans to perform a capital return to shareholders and commence a voluntary winding-up process post-delisting. The delisting, expected to occur by 13 February 2026, is contingent upon shareholder approval and completion of the capital return. Delisting aims to reduce significant administrative, management, and compliance costs associated with ASX listing. Shareholders will have their shares traded only via off-market transactions post-delisting. ASX's delisting approval is conditional on a series of conditions, including special shareholder resolution approval and full disclosure to the market.
Key Points
  • Next Science Limited proposes voluntary delisting from ASX.
  • Delisting follows asset sale to OSARTIS GmbH.
  • Capital return to shareholders planned.
  • Voluntary winding-up to commence post-delisting.
  • Delisting contingent on shareholder approval and capital return completion.
  • Expected delisting date is 13 February 2026.
  • Significant cost reduction cited as reason for delisting.
  • Shares to trade via off-market transactions post-delisting.
  • ASX approval conditional on specific shareholder and disclosure requirements.
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.