ISX Financial EU Plc Exits National Stock Exchange of Australia, Focusing on Northern Hemisphere Growth
ISX Financial EU Plc, known as ISXX, has made headlines recently with its strategic decision to exit the National Stock Exchange of Australia (NSX Ltd). In a statement released on November 25, 2025, the company revealed that it received AUD 5,556,608.72 through released electronic funds related to its 27.595% equity stake in the NSX. This completion marks a substantial shift for ISXX as it moves away from its involvement in the Australian market.
The transaction's execution was finalized late last week, completing the sale of its equity stake under a Scheme of Arrangement that leads to a full takeover of NSX Ltd by CNSX Global Markets Inc., which is the parent company of the Canadian Securities Exchange (CSE). Under the terms of the agreement, ISXX has been compensated at AUD 0.04 per fully paid ordinary share, acknowledging shareholder support with an impressive 94.78% majority.
With this divestiture, ISXX will no longer hold any capital interest in NSX Ltd. Instead, their previous convertible note agreements with NSX have been replaced by two new senior loan facilities, each extended by one year beyond their original maturity dates. This revised arrangement has eliminated all conversion features, now establishing a fixed annual interest rate of 18% on the loans.
Looking forward, ISXX expects these facilities will remain in effect until their extended maturities in August 2027 and January 2028, unless NSX opts for early repayment. Any early repayment would trigger a Make-Whole Clause, securing that ISXX receives the full discounted economic value of the interest up to the original due dates, thus protecting its yield profile.
Under the modified terms, and assuming no early repayment occurs, ISXX anticipates approximately AUD 5.14 million in additional capital and interest payments over the term of the new loan facilities. Nikogiannis Karantzis, the CEO of ISX Financial EU Plc, expressed optimism for both NSX and its new owners at CNSX, wishing them success in their future endeavors in Australia.
This divestiture allows ISXX to concentrate on its core business and expansion plans in the Northern Hemisphere. Upon completion, the sale and restructuring will significantly impact ISXX’s balance sheet, expected to contribute AUD 13.8 million back into its finances, providing regulatory capital for new market expansions, new services, and potential acquisitions.
Historically, ISXX has been economically tied to the National Stock Exchange of Australia since early 2020, through its ownership stakes in NSX Ltd. During this time, the company has been integral to the execution of a blockchain-based securities clearing system introduced by NSX and Clearpay in 2021. This system, named the Digital Exchange Subregister System (DESS), was intended to modernize clearing and settlement processes while aligning with the regulatory frameworks of the Australian Securities and Investments Commission (ASIC).
As ISXX moves forward, it continues to provide IT services to NSX to support DESS, ensuring a seamless transition even as it pivots its focus away from Australian markets. With operations primarily centered in Cyprus, ISX Financial EU Plc remains a prominent banking technology company licensed by the Central Bank of Cyprus and regulated in the UK by the Financial Conduct Authority.
For ongoing updates and further announcements regarding ISX Financial EU Plc, stakeholders are encouraged to visit the company's investor relations page.
The transaction's execution was finalized late last week, completing the sale of its equity stake under a Scheme of Arrangement that leads to a full takeover of NSX Ltd by CNSX Global Markets Inc., which is the parent company of the Canadian Securities Exchange (CSE). Under the terms of the agreement, ISXX has been compensated at AUD 0.04 per fully paid ordinary share, acknowledging shareholder support with an impressive 94.78% majority.
With this divestiture, ISXX will no longer hold any capital interest in NSX Ltd. Instead, their previous convertible note agreements with NSX have been replaced by two new senior loan facilities, each extended by one year beyond their original maturity dates. This revised arrangement has eliminated all conversion features, now establishing a fixed annual interest rate of 18% on the loans.
Looking forward, ISXX expects these facilities will remain in effect until their extended maturities in August 2027 and January 2028, unless NSX opts for early repayment. Any early repayment would trigger a Make-Whole Clause, securing that ISXX receives the full discounted economic value of the interest up to the original due dates, thus protecting its yield profile.
Under the modified terms, and assuming no early repayment occurs, ISXX anticipates approximately AUD 5.14 million in additional capital and interest payments over the term of the new loan facilities. Nikogiannis Karantzis, the CEO of ISX Financial EU Plc, expressed optimism for both NSX and its new owners at CNSX, wishing them success in their future endeavors in Australia.
This divestiture allows ISXX to concentrate on its core business and expansion plans in the Northern Hemisphere. Upon completion, the sale and restructuring will significantly impact ISXX’s balance sheet, expected to contribute AUD 13.8 million back into its finances, providing regulatory capital for new market expansions, new services, and potential acquisitions.
Historically, ISXX has been economically tied to the National Stock Exchange of Australia since early 2020, through its ownership stakes in NSX Ltd. During this time, the company has been integral to the execution of a blockchain-based securities clearing system introduced by NSX and Clearpay in 2021. This system, named the Digital Exchange Subregister System (DESS), was intended to modernize clearing and settlement processes while aligning with the regulatory frameworks of the Australian Securities and Investments Commission (ASIC).
As ISXX moves forward, it continues to provide IT services to NSX to support DESS, ensuring a seamless transition even as it pivots its focus away from Australian markets. With operations primarily centered in Cyprus, ISX Financial EU Plc remains a prominent banking technology company licensed by the Central Bank of Cyprus and regulated in the UK by the Financial Conduct Authority.
For ongoing updates and further announcements regarding ISX Financial EU Plc, stakeholders are encouraged to visit the company's investor relations page.
Topics Financial Services & Investing）
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