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August 2025

ISX Financial EU Plc Announces Restructuring of Convertible Loans with NSX Limited

ISX Financial EU Plc Announces Restructuring of Convertible Loans with NSX Limited

ISX Financial EU Plc (ISXX) has entered into terms with NSX Limited (NSX) for the restructuring of its two existing convertible loan arrangements into a consolidated debt agreement. This restructuring is subject to the successful implementation of the proposed scheme of arrangement between NSX and the Canadian Securities Exchange (CSE).

The two convertible loan arrangements, with a total value of AUD 3.8 million (AUD 2.2 million and AUD 1.6 million), were fully disclosed in the ISXX 2024 Annual Report and are classified as Financial Assets at Fair Value Through Profit and Loss.

Disclosure of Existing Convertible Notes

1. AUD 2.2 million Convertible Note – Disclosed in Note 10 (Page 76)

“On 23 July 2024 the Group entered into a convertible loan amounting to AUD 2,200,000 (EUR 1,340,693) with NSX Limited. The loan is convertible into NSX Limited shares at a price of AUD 0.025. The loan is repayable in cash or shares on 5 August 2026, except to the extent repaid earlier. The loan bears an interest charge of 0% for the first four months and 10% per annum thereafter.”

This convertible loan is also referenced on page 98 of the Annual Report under Financial Assets at Fair Value Through Profit and Loss.

2. AUD 1.6 million Convertible Note – Disclosed in Note 39 (Page 101)

“On 10 January 2025, the Group entered into a convertible loan deed, whereas the Group granted the amount of AUD 1,600,000 (EUR 964,389) to NSX Limited, which bears interest at the rate of the Reserve Bank of Australia (RBA) Cash Rate + 4% per annum. The loan repayment date was the earlier of the issue and distribution of any share from NSX Limited to the Company or 24 months from the loan date.”

These disclosures reflect the Company's commitment to transparency in its financial reporting and its alignment with applicable accounting standards.

Market Announcement by NSX

For further details, the market announcement issued by NSX Limited regarding this restructuring can be accessed at the following link:
https://announcements.asx.com.au/asxpdf/20250804/pdf/06mhkd6s8362lb.pdf

Next Steps

The Board of ISXX is currently considering the terms of the proposed takeover bid and will communicate its position to shareholders prior to the vote scheduled for 9 October 2025.

 

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