REG - Wellnex Life Limited - Extension of Loan Repayment

Wellnex LifeAnnouncement

23/04/2026 07:00

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RNS Number : 6396B  Wellnex Life Limited  23 April 2026

ASX/AIM Announcement

 
 
 
23 April 2026

Extension of Loan Repayment

Wellnex Life Limited (ASX/AIM: WNX) ("Wellnex Life" or the "Company")
announces an extension to the previously announced repayment of the loans to
former directors totalling circa $2.88 million (including interest), which
were due for repayment by 20 April 2026. The Company and the former directors
have now agreed an extension, with full repayment of all outstanding amounts
due by no later than 21 July 2026. The Company has agreed to pay the former
directors a total of $150,000, to be rolled into the loan principal, in
consideration for the agreement of the extension. The repayment date may be
extended to 21 August 2026 for a further payment of, in aggregate, $50,000 to
the former directors to be rolled into the loan principal. Interest will
accrue at the rate of 10% on the loan principal. The Company is required to
make accelerated repayment (hence less interest payable) if it receives
cleared funds from the proceeds of a corporate transaction, including but not
limited to the sale of any of the Company's assets or a capital raising, which
gives the Company sufficient cash proceeds to repay the Loan.

In addition, the Company is pleased to announce that it has agreed with former
CEO Zack Bozinovski to work with Company as consultant providing advisory and
project-based services.

This ASX/AIM announcement has been authorised by the Board of Wellnex Life
Limited (ASX/AIM:WNX).

The information contained within this announcement is deemed by the Company to
constitute inside information pursuant to article 7 of EU Regulation 596/2014
as it forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 as amended.

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For further information, please contact:

Wellnex Life Limited (ASX/AIM:WNX)
 

Eric Jiang
 

Interim Executive
Chairman

E: eric.j@wellnexlife.com.au (mailto:eric.j@wellnexlife.com.au)

 

UK Investors

Strand Hanson (Financial & Nominated Advisor)

 

James Harris / Richard Johnson
                                     Tel:
+44 (0) 20 7409 3494

 

Orana Corporate LLP (Joint
Broker)
swykeham@oranacorp.com (mailto:swykeham@oranacorp.com)

Sebastian Wykeham

 

S.P. Angel Corporate Finance LLP (Joint Broker)        Tel: +44 (0)20
3470 0470

David Hignell / Vadim Alexandre

 

To learn more, please visit: https://wellnexlife.com.au/
(https://wellnexlife.com.au/)

 

 

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