Latest It Services Sector News

Vonex Limited shareholders have overwhelmingly approved Maxo Telecommunications’ acquisition scheme, setting the stage for a court decision that could delist Vonex from the ASX.

Reece Limited has announced an off-market share buy-back targeting $250 million, with flexibility up to $400 million, offering shareholders a premium price range between $11.00 and $13.00 per share. This move aims to return excess capital while preserving financial flexibility for future growth.

ASIC has imposed an interim stop order on the La Trobe Australian Credit Fund’s 12 Month Term Account due to alleged deficiencies in its Target Market Determination, pausing new investments while issues are addressed.

Shine Justice Ltd has announced a fresh on-market share buy-back of up to 10% of its issued capital, continuing its capital management strategy following a recent buy-back completion.

Prophecy International Holdings Ltd has announced the immediate resignation of CEO Brad Thomas, with Chairman Ed Reynolds stepping in as acting CEO during the leadership transition.

Centrex Limited and its subsidiary Agriflex have completed their deed of company arrangement, ending external administration and transferring ownership to PRL Global Limited.

Service Stream Limited has landed a major long-term contract with the Australian Department of Defence to manage property and asset services across South Australia and the Northern Territory, marking a significant expansion into defence infrastructure support.

NSX Limited has dispatched the Scheme Booklet to shareholders detailing the proposed acquisition by a CNSX-related entity, with a hybrid Scheme Meeting scheduled for 10 October 2025.

The Federal Court of Australia has authorised NSX Limited to hold a shareholder meeting to vote on the proposed acquisition by CNSX Markets’ related entity. The detailed Scheme Booklet, including an Independent Expert's Report, is now available to guide investor decisions.

The Takeovers Panel has approved a key variation to betr Entertainment’s undertaking, removing shareholder approval hurdles for MIXI Australia’s participation in a selective share buy-back tied to its competing bid for PointsBet.

Tasmea Limited has firmly denied recent media speculation about potential block trades by its executive directors, reaffirming their strong shareholding and commitment to growth. The company is focused on organic expansion and acquisitions to secure ASX 300 inclusion next year without raising new capital.

Norwood Systems has extended its loan repayment deadline to early September 2025, maintaining favorable terms with Balmain Resources. This ongoing financial support has been pivotal in securing key contracts and driving growth.