Nexion Group's voluntary suspension request

Nexion Group Ltd (ASX: $NNG) has requested a voluntary suspension of its securities from the commencement of trading on Friday 26 April 2024. This suspension is pending an announcement related to a material acquisition. The company intends for the suspension to conclude by the release of an announcement to the ASX at the commencement of trading on Monday 13 May 2024 or earlier. The request was made under Listing Rule 17.2, and the company's Company Secretary, Jack Toby, expressed that there is no known reason for the suspension not to be granted.

Executive Commentary

The company has taken the decision to request a voluntary suspension in order to ensure that the market is informed about the upcoming material acquisition announcement. This step aligns with our commitment to transparency and timely disclosure of significant developments. We believe that this approach will allow for a fair and orderly market for our securities during this period.

Summary of Nexion Group's voluntary suspension

Nexion Group Ltd (ASX: $NNG) has requested a voluntary suspension of its securities in anticipation of a material acquisition announcement. The company aims to conclude the suspension by the release of the announcement to the ASX at the commencement of trading on Monday 13 May 2024 or earlier. The voluntary suspension is in line with the company's dedication to transparent and timely communication of important updates. This proactive measure is intended to facilitate a fair and orderly market for Nexion Group's securities during this period of anticipation.