Hexima Sets April Vote on $1 Million Capital Return and Share Cancellation

Hexima Ltd ( (AU:HXL) ) just unveiled an update.

Hexima Limited has called a general meeting for 16 April 2026 to seek shareholder approval for a return of capital of approximately $1.0 million and a concurrent share cancellation. The proposal would distribute $0.006 per share to shareholders on the record date and cancel one share for every $0.008 returned, effectively shrinking the company’s capital base and outstanding share count.

The company has outlined an indicative timetable, with the effective date of the return of capital and share cancellation set for 17 April 2026 and payment to shareholders scheduled for 29 April 2026. While Hexima’s securities remain suspended and will not trade during the process, the move signals a winding down or restructuring of the company’s capital structure and provides a defined cash return to remaining shareholders.

The most recent analyst rating on (AU:HXL) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Hexima Ltd stock, see the AU:HXL Stock Forecast page.

More about Hexima Ltd

Hexima Limited is an ASX-listed company based in Melbourne, Australia. The company’s shares are currently suspended from trading on the Australian Securities Exchange, and it is now focused on corporate actions to return capital to shareholders and rationalise its share structure.

Technical Sentiment Signal: Hold

Current Market Cap: A$2.17M

Find detailed analytics on HXL stock on TipRanks’ Stock Analysis page.