Nexion Group to Delist in April, Hunt for Software Deals as Unlisted Company
Nexion Group to delist from ASX, pursue software acquisitions as unlisted company
Nexion Group will be removed from the ASX official list in April 2026 following a two-year trading suspension. The delisting follows the company’s disposal of its main undertakings in the December 2025 quarter, after which the residual business no longer met ASX listing requirements. The Board is pursuing acquisitions with the goal of re-admission once sufficient scale is achieved, with the company retaining positive net assets of approximately $2 million.
The delisting represents a strategic decision rather than a wind-down scenario. The Board believes operating as an unlisted public company will significantly reduce costs and preserve shareholder value during the rebuild phase. Shareholders retain equity in an active company with a cash base and defined acquisition strategy.
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What happens when an ASX company delists?
ASX delisting occurs when a company is removed from the exchange’s official list. This can happen voluntarily or, as in Nexion’s case, when a company no longer meets listing requirements following major asset disposals.
Shareholders retain ownership of their shares. The shares are not cancelled, and their economic value remains tied to company performance. The key difference: shares can no longer be traded on the ASX, significantly reducing liquidity. Companies can later apply for re-admission if they meet listing requirements, which Nexion intends to pursue once acquisition scale is achieved.
New CEO appointed to accelerate acquisition strategy
Robert Minson has been appointed Chief Executive Officer to lead the business and accelerate the acquisition search and execution process. Peter Christie remains Chairman, having previously held the interim CEO and Chairman role.
Minson brings relevant experience to the rebuild:
- Former Managing Director of Palantir Australia Pty Ltd (later part of Quorum Software)
- Co-founder of CarbonTP, a Perth-based advisory focused on energy transition
- Bachelor of Mechatronic Engineering (First Class Honours), University of Adelaide
- Masters equivalent in Mechanical Engineering, Ruhr-Universität Bochum, Germany
His strong foundation in the resources technology sector and direct experience in software roll-ups and start-ups positions him to lead the acquisition-focused strategy.
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Strategic roadmap: software acquisitions and ASX re-admission goal
The Board spent the March 2026 quarter pursuing acquisitions of new software assets to build the scale required for an ASX re-admission application. The company has reported promising early results in the acquisition search, though specific targets have not been disclosed.
The goal is to build a larger, consolidated group that meets listing requirements. Nexion will continue to provide periodic updates to shareholders as the strategy progresses. Shareholders are encouraged to ensure their email addresses are up to date with Computershare to receive these communications.
Board Statement
“The Board believes that operating as an unlisted public company will significantly reduce costs and is the most effective way to preserve shareholder value while executing the strategy to rebuild.”
Key dates and shareholder actions
The transition timeline follows this sequence:
- December 2025 quarter — Disposal of main undertakings and balance sheet restructure
- March 2026 quarter — Acquisition search commenced with promising early results
- April 2026 — CEO appointment and expected delisting from ASX
- Future date (TBC) — Re-admission application once acquisition scale achieved
Shareholders should update their email addresses with Computershare to receive ongoing updates. For enquiries, contact: investor.relations@nexiongroup.io
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