InvestSMART

Next Science Limited (ASX:NXS)

ALERT: Price-sensitive ASX Announcement for NXS
Current share price for NXS : $0.145 0.005 (3.57%)+
Announcement
Release
23 Dec 2025 12:44PM
Price at Release
$0.140
Full Release
download
Summary
Next Science Limited announced that it has received a waiver from ASX Listing Rule 7.25, allowing it to proceed with a capital return that might reduce the trading price of its shares below 20 cents. This waiver was necessary due to the company's share price being at $0.135 and the anticipated decrease in share price following the capital return. The decision follows the completion of a $50 million asset sale to OSARTIS GmbH and aligns with the company's plan to return surplus capital to shareholders. An extraordinary general meeting is scheduled for January 2026 to seek shareholder approval for this capital return.
Key Points
  • ASX waiver granted to permit capital return.
  • Potential reduction in share price below 20 cents.
  • Current share price is $0.135.
  • Company completed a $50 million asset sale.
  • Extraordinary general meeting to be held in January 2026.
  • Waiver allows capital return under ASX Listing Rule 7.25.
  • The asset sale was to OSARTIS GmbH.
  • Shareholder approval needed for capital return.
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.