94.78% of Votes Cast in Favour of NSX Acquisition Scheme by CNSX Affiliate

Shareholder Approval Signals Major Shift

NSX Limited has reached a critical milestone in its proposed acquisition by 1001290557 Ontario Inc., a corporate entity related to CNSX Markets Inc., the operator of the Canadian Securities Exchange. At the scheme meeting held on 10 October 2025, an overwhelming majority of NSX shareholders voted in favour of the scheme of arrangement, with 87.36% of shareholders present and voting supporting the resolution. This strong endorsement reflects broad shareholder confidence in the transaction and its anticipated benefits.

Next Steps, Court Approval and Regulatory Filings

Following this decisive shareholder vote, NSX is set to seek Federal Court approval of the scheme at a hearing scheduled for 14 October 2025. If the Court grants its approval, the scheme will become effective the next day upon lodgement of the Court orders with the Australian Securities and Investments Commission. This procedural step is crucial to finalising the acquisition and transitioning ownership.

Trading Suspension and Delisting Timeline

With the scheme expected to take effect on 15 October, NSX shares will be suspended from trading on the Australian Securities Exchange from the close of trading that day. The implementation date for the scheme is set for 24 October 2025, when the consideration will be paid to shareholders and shares will be registered in the name of the acquiring entity. Subsequently, NSX will be formally delisted from the ASX on 27 October 2025, marking the end of its independent public listing.

Strategic Implications for NSX and CNSX

This acquisition represents a significant consolidation within the stock exchange sector, potentially enhancing operational synergies and expanding market reach for CNSX Markets Inc. and its related entities. For NSX shareholders, the scheme offers a clear exit opportunity, while the integration may bring new strategic directions for the combined entity. Market participants will be watching closely how this cross-border transaction reshapes competitive dynamics in the Australian and Canadian securities markets.

Investor Considerations Ahead

While the shareholder vote is a major step forward, investors should note that the scheme’s finalisation depends on Federal Court approval and regulatory processes. The timeline remains indicative and subject to change, underscoring the importance of monitoring official announcements. Shareholders and market observers alike will be keen to see how the transaction unfolds and what it means for liquidity and market structure post-acquisition.