NSX Shareholders to Receive $0.04 Per Share as Acquisition Clears Court
The Federal Court of Australia has approved the acquisition of NSX Limited by a related entity of the Canadian Securities Exchange operator, setting the stage for NSX’s delisting from the ASX later this month.
- Federal Court approves scheme of arrangement for NSX acquisition
- 100% of NSX shares to be acquired by 1001290557 Ontario Inc.
- Shareholders to receive $0.04 per fully paid share
- Trading suspension and delisting scheduled for October 2025
- Scheme implementation expected on 24 October 2025
Federal Court Approval Marks Key Milestone
NSX Limited has reached a pivotal moment in its corporate journey with the Federal Court of Australia granting approval for a scheme of arrangement that will see the company fully acquired by 1001290557 Ontario Inc., a related body corporate of CNSX Markets Inc., the operator of the Canadian Securities Exchange. This approval clears a significant regulatory hurdle and confirms the path forward for the transaction.
Details of the Acquisition and Shareholder Consideration
Under the terms of the scheme, eligible NSX shareholders will receive a cash payment of $0.04 for each fully paid ordinary share they hold, and $0.0004 for each partly paid share. The record date for determining entitlements is set for 7 – 00pm Sydney time on Friday, 17 October 2025. This offer represents a definitive exit for shareholders, providing certainty on value amid the transition.
Key Dates and Market Impact
Following the court’s approval, NSX shares will be suspended from trading on the ASX as of the close of trading on Wednesday, 16 October 2025. The scheme is expected to be implemented on Friday, 24 October 2025, at which point the consideration will be paid and ownership of NSX shares will transfer to the acquiring entity. Subsequently, NSX will be delisted from the ASX on Monday, 27 October 2025, marking the end of its public trading status.
Strategic Implications and Future Outlook
This acquisition aligns NSX with CNSX Markets Inc., potentially integrating Australian and Canadian market operations under a broader strategic umbrella. While the announcement is clear on the mechanics and timing, it leaves open questions about the future operational direction of NSX and how this cross-border ownership might influence market competition and innovation in the Australian financial services sector.
For shareholders and market watchers, the coming weeks will be critical as the scheme moves from approval to execution, with the final trading days and delisting closely monitored for any last-minute developments.
Bottom Line?
With court approval secured, NSX’s transition to Canadian ownership is imminent, reshaping its market presence and investor landscape.
Questions in the middle?
- What strategic changes will CNSX Markets Inc. implement post-acquisition?
- How will the delisting impact liquidity and valuation for remaining NSX shareholders?
- Are there any regulatory or operational risks that could delay the scheme’s implementation?
