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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 (-3.33%)+
Announcement
Release
23 Dec 2025 5:25PM
Price at Release
$0.150
Full Release
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Summary
Next Science Limited (ASX:NXS) has announced an Extraordinary General Meeting (EGM) scheduled for 28 January 2026, where shareholders will vote on a proposed capital return of approximately A$0.145 per share and the removal of the company from the ASX Official List. The EGM follows the resignation of the CEO and CFO and the sale of the company's assets to OSARTIS GmbH. The company plans to return surplus capital to shareholders and begin the winding-up process after delisting from the ASX.
Key Points
  • Next Science Limited (ASX:NXS) announced an Extraordinary General Meeting (EGM) to be held on 28 January 2026.
  • The EGM will discuss a capital return of approximately A$0.145 per share, totaling an estimated A$42.454 million.
  • Shareholders will vote on the company's removal from the ASX Official List after the capital return.
  • The CEO and CFO, I.V. Hall and Marc Zimmerman, have resigned effective 31 December 2025.
  • The resignation follows the sale of the company's assets to OSARTIS GmbH and a transition services agreement.
  • Next Science intends to commence a winding-up process after delisting from the ASX.
  • The company plans to return surplus capital to shareholders and liquidate the remaining assets.
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.