Neurizer Ltd to Issue 40 Million Ordinary Shares for Investor Relations Consulting Contract

Aakashdeep

06 November 2026 04:04 PM AEDT

Neurizer Ltd to Issue 40 Million Ordinary Shares for Investor Relations Consulting Contract

Image Source: Krish Capital Pty Ltd

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Neurizer Ltd (ASX:NRZ) has filed an Appendix 3B disclosing a proposed issue of 40,000,000 fully paid ordinary shares to a non-related party consultant as consideration for investor relations services, with the issue scheduled for 9 November 2026.

Key Points

Neurizer Ltd proposes to issue 40,000,000 fully paid ordinary NRZ shares on 9 November 2026.
The shares are being issued as non-cash consideration under a consulting contract with a non-related party for investor relations services.
The AUD equivalent of the consideration is disclosed as $40,000.
The securities will be issued using the company's 15% placement capacity under ASX Listing Rule 7.1, without security holder approval.
The new shares will rank equally in all respects with existing issued ordinary shares from their issue date.

Proposed Share Issue Details

According to the filing lodged on 6 November 2026, Neurizer Ltd proposes to issue 40,000,000 fully paid ordinary shares in an existing class of securities already quoted on ASX under the code NRZ. The proposed issue date is 9 November 2026. The filing states that no external approvals need to be obtained or other conditions satisfied before the issue can proceed on an unconditional basis. The proposed issue will not include an offer of attaching securities, and the company disclosed it will not be changing its dividend or distribution policy if the proposed issue proceeds.

Consideration for Investor Relations Services

The filing states that the 40,000,000 ordinary shares are not being issued for cash consideration. Instead, the consideration is provided under a consulting contract with a non-related party for investor relations services. The AUD equivalent of the consideration being provided for the securities is disclosed in the filing as $40,000. The company confirmed in the filing that the purpose of issuing the securities is as consideration to a consultant for investor relations services. No lead manager, broker or underwriter is involved in the proposed issue, and no other material fees or costs in connection with the proposed issue were disclosed.

Listing Rule Compliance and Security Ranking

The filing discloses that all 40,000,000 securities are proposed to be issued without security holder approval, utilising the company's 15% placement capacity under ASX Listing Rule 7.1. No securities are to be issued using the additional 10% placement capacity under Listing Rule 7.1A. The filing confirms that no party referred to in Listing Rule 10.11 is participating in the proposed issue, and none of the securities to be issued will be restricted securities or subject to voluntary escrow. The new shares will rank equally in all respects with existing issued ordinary shares from their date of issue.

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