Trading Halt
| Stock | NUIX Ltd (NXL.ASX) |
|---|---|
| Release Time | 23 Apr 2026, 3:49 p.m. |
| Price Sensitive | Yes |
Nuix Ltd Requests Trading Halt
- Federal Court to deliver judgment in proceedings against Nuix on 23 April 2026
- Outcome may have material effect on Nuix's securities
- Nuix requires time to review judgment and prepare announcement
Nuix Ltd (ASX: NXL) has requested a trading halt in its securities, effective immediately on 23 April 2026. The company has been advised that the Federal Court of Australia will deliver judgment in proceedings to which Nuix is a party at 4:00pm AEST on the same day. The outcome of the proceeding and its potential effect on Nuix are potentially material to the value of Nuix's securities. There is a risk that trading in Nuix securities in both the final period of normal trading and the closing auction on 23 April 2026 may occur while there is an asymmetry of information available to the market as to the outcome of the proceeding. Nuix will require time following the delivery of the judgment to review its terms and prepare a considered announcement to the market. The trading halt will remain in place until the earlier of the commencement of normal trading on Friday, 24 April 2026, or such earlier time as the company may request following any announcement by it as to the effect of the judgment. The background to the Federal Court proceeding is that on 28 September 2022, the Australian Securities and Investment Commission filed proceedings against Nuix and its directors at the time of the IPO, alleging that aspects of the company's market disclosure in the period January 2021 to April 2021 contravened provisions of the Corporations Act and ASIC Act, and that the relevant directors breached their duties in respect of that disclosure. Nuix denies ASIC's allegations and the allegations made against the director defendants.