NSX Limited confirms the legal effectiveness of its acquisition by a Canadian entity, with trading suspended and shareholder payments scheduled.
- Scheme of arrangement legally effective as of 15 October 2025
- Trading in NSX shares suspended from close of trading on 15 October
- Acquisition by 1001290557 Ontario Inc., related to CNSX Markets Inc.
- Shareholders to receive $0.04 per fully paid share and $0.0004 per partly paid share
- Payment expected on 24 October 2025 for shareholders on record as of 17 October
Scheme of Arrangement Becomes Legally Effective
NSX Limited (ASX – NSX) has officially announced that the scheme of arrangement facilitating its acquisition by 1001290557 Ontario Inc., a related body corporate of CNSX Markets Inc., is now legally effective. This milestone follows the Federal Court of Australia's approval and the subsequent lodgement of court orders with the Australian Securities and Investments Commission (ASIC).
The legal effectiveness of the scheme marks a significant transition for NSX, a market operator based in Sydney, as ownership shifts to a Canadian entity linked to the Canadian Securities Exchange. This cross-border acquisition underscores the growing interconnectedness of global market operators.
Trading Suspension and Shareholder Impact
In line with the scheme's effectiveness, trading in NSX shares will be suspended from the close of trading on Wednesday, 15 October 2025. This suspension is a standard procedural step to facilitate the orderly implementation of the acquisition.
Eligible shareholders as of 7 – 00 pm Sydney time on the record date, Friday, 17 October 2025, will receive a payment of $0.04 for each fully paid ordinary share and $0.0004 for each partly paid share. The payment is expected to be made on Friday, 24 October 2025, marking the financial close of the transaction for shareholders.
Looking Ahead – Integration and Market Implications
While the announcement confirms the acquisition's legal completion and shareholder compensation details, it leaves open questions about the future operational integration of NSX within the CNSX group. Market participants will be watching closely for any strategic shifts or enhancements in service offerings that may arise from this ownership change.
For shareholders and investors, the immediate focus will be on the smooth execution of the payment and any subsequent communications from NSX or CNSX regarding the company’s direction post-acquisition.
Bottom Line?
With the acquisition now legally effective, all eyes turn to the upcoming payment and the future integration of NSX into the Canadian market ecosystem.
Questions in the middle?
- What strategic changes will CNSX implement at NSX post-acquisition?
- How will the acquisition affect NSX’s market operations and competitive positioning?
- Are there any regulatory or operational risks that could delay payment or integration?