OSL extends Banxa acquisition deadline to January 2026

OSL Group Limited (Stock Code: 863) announced on December 18, 2025, an extension to the "Outside Date" for its proposed acquisition of Banxa. The deadline has been moved from December 29, 2025, to January 29, 2026. This extension was initiated by Banxa via a written notice to OSL and the Purchaser on December 17, 2025, to allow additional time for satisfying or waiving conditions outlined in the Arrangement Agreement.

The Arrangement Agreement permits either party to extend the Outside Date in successive periods of at least 30 days if certain regulatory approvals remain outstanding, provided the delay is not primarily due to a party's willful breach.

Shareholders and potential investors are reminded that the proposed acquisition is subject to various conditions that may or may not be fulfilled or waived, meaning there is no guarantee the acquisition will proceed as proposed. Investors are advised to exercise caution when trading the company's shares.