• Nexion Group Ltd (NNG) to delist from ASX in April 2026
• Appoints Robert Minson as CEO to lead acquisition strategy
• Aims to rebuild scale and re-apply for ASX listing

Nexion Group Ltd (NNG) has announced that it will delist from the ASX in April 2026 following the successful disposal of its main undertakings and balance sheet restructure in the December 2025 quarter. The Board spent the March 2026 quarter pursuing acquisitions of new software assets to build the scale required for an application for re-admission to the ASX. With promising early results, the Board has appointed Robert Minson as Chief Executive Officer to lead the business and accelerate the acquisition search and execution process. Robert has extensive experience in the resources technology sector and direct experience in software roll-ups and start-ups, making him well-placed to take NEXION forward. The company has been suspended from trading for two years, and following the disposal of its primary undertaking, the residual business does not currently meet the ASX's listing requirements. As a result, the ASX is expected to remove the company from the official list and delist it in April 2026. The Board will continue to pursue acquisitions with the goal of building a larger, consolidated group and intends to apply for re-admission to the ASX once the necessary scale is achieved. NEXION will delist with positive net assets of approximately $2 million, and 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.

The company will continue to provide periodic updates to shareholders as the strategy to rebuild and re-apply for ASX listing progresses.