NSX Limited Stock Market Press Releases and Company Profile
Placement and Rights Issue
Placement and Rights Issue

Sydney, Aug 16, 2022 AEST (ABN Newswire) - NSX Limited, (googlechartASX:NSX), a Tier 1 securities exchange operator, is pleased to announce it has finalised terms for a $5.72 million capital raise, comprising a $2.65 million placement (Placement), as well as an non-renounceable Entitlement Offer open to existing shareholders as at 25 August 2022 to raise up to $3.08 million. The funds raised will be used to accelerate expansion and business development initiatives.

Background and use of proceeds

NSX has received commitments from investors aligned with the growth strategy of NSX via a placement that will raise $2.65 million before costs representing 58,888,891 new shares.

Additionally, the NSX has launched a 1:5 pro rata non-renounceable entitlement offer of approximately 68 million new shares (New Shares) to eligible shareholders as at $0.045 per share to raise up to $3.1 million (Entitlement Offer) before costs.

The net proceeds from the Entitlement Offer and the Placement will be used by NSX to accelerate business development, further progress the proposed joint venture in the Kingdom of Saudi Arabia, the establishment of licences associated with the operation of a market in securities for wholesale and sophisticated investors, licences associated with the ClearPay Joint Venture, continue with the NETS upgrade project for the NSXA Tier 1 market licence, continue operational rule enhancements including Exchange Traded Products and dual listings, regulatory capital requirements and other working capital requirements to operate and support the business.

Details of the Entitlement Offer

The Entitlement Offer price is $0.045 per New Share, representing a discount of approximately 21% to the last traded price of 5.7 cents on 11 August and 13% premium to the 45 day volume weighted average price of the shares of 3.98 cents as traded on the ASX.

Under the Offer, eligible shareholders will be entitled to subscribe for 1 New Share in NSX for every 5 existing Share held at 7:00 pm on Thursday 25 August 2022 (Record Date) at the offer price. Fractional entitlements will be rounded up to the nearest whole number of New Shares.

Eligible Shareholders are those Shareholders who:

a) are registered as a holder of Shares as at the Record Date, being 7:00pm (Sydney time) on 25 August 2022;

b) as at the Record Date, have a registered address in Australia, Hong Kong or New Zealand;

c) are not in the United States and are not acting for the account or benefit of a person in the United States (to the extent they are holding Shares for the account or benefit of such person in the United States); and

d) are eligible under all applicable securities laws to receive an offer under the Offer without any requirement for a prospectus or offer document to be lodged or registered.

Shareholders who do not satisfy the above criteria are ineligible shareholders.

As the Entitlement Offer is non-renounceable, eligible shareholders cannot trade their entitlements on the ASX or transfer those rights. Shareholders who do not take up their entitlements under the Rights Issue Offer, in full or in part, will not receive any value in respect of those shares not taken up.

*To view the timetable, please visit:

About NSX Limited

NSX Ltd ASX NSXNSX Limited (ASX:NSX) via its wholly owned subsidiary National Stock Exchange of Australia Limited (NSXA) operates the Tier 1 Licensed stock exchange facility for the listing of equity securities, corporate debt and investment scheme units. The company is also involved in trading and settlement activities.

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NSX Limited
T: +61-2-8378-6400
WWW: www.nsx.com.au

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