Termination of Acquisition of NewGround

Key points

• Vysarn Limited terminates acquisition of NewGround
• Mutual agreement not to extend completion date
• Share sale agreement will be terminated
• Acquisition will no longer proceed

Full summary

Vysarn Limited (ASX:VYS) has announced the termination of its proposed acquisition of 100% of the issued share capital in NWG Enterprises Pty Ltd (NewGround). The acquisition, initially expected to be completed by 2 October 2026, was subject to discussions to extend the completion date. However, Vysarn and NewGround have mutually agreed not to extend the completion date, leading to the termination of the share sale agreement and the decision not to proceed with the acquisition.

Outlook

Vysarn will focus on other strategic opportunities following the termination of the NewGround acquisition.