ISX Financial EU Plc Divests from National Stock Exchange of Australia

ISX Financial EU Plc (ISXX), based in Nicosia, Cyprus, has finalized its exit from the National Stock Exchange of Australia (NSX Ltd) with a cash consideration of AU$5.56 million for its 27.595% shareholding. This exit was facilitated through a takeover by CNSX Global Markets Inc., offering AU$0.04 per share. The transaction saw overwhelming support from NSX shareholders, with 94.78% approval.

Besides the equity sale, ISXX restructured its convertible notes into two new senior term loans with a fixed 18% annual interest, extending maturity until 2027 and 2028. This restructuring could yield ISXX approximately AU$5.14 million in principal and interest.

The divestment supports ISXX's strategic focus on Northern Hemisphere growth, potentially adding around AU$13.8 million to its balance sheet. This move will enhance ISXX’s capital for market expansion and acquisitions.