Finexia Proposes Business Disposal Amid Trading Halt

Finexia Announces Proposed Disposal of Business Assets

Finexia Financial Group Limited (ASX: FNX) has confirmed that its recent trading halt was requested due to a proposed material transaction involving the disposal of a significant part of the business.

Following the resignation of former CEO Patrick Bell, a group of investors, including Bell, have signed a non-binding agreement to acquire:

1. The entire issued share capital of Creative Capital Group Pty Ltd (CCG).
2. Management rights and operational control of Finexia Childcare Finance Trust (FCFT).
3. Assets related to CCG’s lending operations, including security interests, loan documentation, and customer relationships.

Several other interested parties have signed non-disclosure agreements and gained access to the data room for due diligence purposes. Finexia is evaluating all proposals through a structured process.

HY25 Accounts and Suspension Update

Due to the timing of the non-binding agreement and finalization of the HY25 accounts, Finexia's Directors required additional time to assess any impact on reporting. The transition in leadership also contributed to delays. While the accounts could not be finalised by 28 February 2025, the Board is now confident they can be lodged soon.

Despite this, Finexia has been advised by the ASX that reinstatement to quotation remains uncertain. The ASX will assess whether Chapter 11 applies to the proposed transaction before determining if Finexia’s securities can resume trading.

This announcement has been authorized for release by the Chair of Finexia Financial Group Limited.

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