tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Next Science Sets Capital Return, Delisting Plan as CEO and CFO Resign

Story Highlights
  • Next Science will seek shareholder approval for a major capital return and its removal from the ASX.
  • With its assets sold to OSARTIS, Next Science’s CEO and CFO will depart as the company moves toward winding up.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Next Science Sets Capital Return, Delisting Plan as CEO and CFO Resign

Claim 70% Off TipRanks This Holiday Season

Next Science Ltd ( (AU:NXS) ) has issued an update.

Next Science has called an extraordinary general meeting for 28 January 2026 to seek shareholder approval for an initial capital return of about A$0.145 per share, totalling roughly A$42.5 million, followed by the company’s removal from the ASX official list. Subject to shareholders endorsing the capital return and delisting, the board expects to convene a further meeting in February 2026 to propose a voluntary winding up and appointment of a liquidator, while CEO and managing director I.V. Hall and CFO Marc Zimmerman will step down on 31 December 2025 after the completion of the asset sale to OSARTIS, marking a decisive transition towards winding down the listed entity and returning value to shareholders.

The most recent analyst rating on (AU:NXS) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Next Science Ltd stock, see the AU:NXS Stock Forecast page.

More about Next Science Ltd

Next Science Limited is an ASX-listed medical technology company that has historically focused on developing and commercialising anti-infective products, particularly targeting biofilm-based infections. In September 2025, the company completed the sale of substantially all of its assets and those of its wholly owned subsidiaries to OSARTIS GmbH, a Demetra Holding S.p.A subsidiary, and has since applied to be removed from the ASX official list, signalling an exit from its previous operating structure and public market listing.

Average Trading Volume: 235,884

Technical Sentiment Signal: Sell

Current Market Cap: A$40.97M

Learn more about NXS stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1