Cardiex Initiates Unmarketable Parcel Share Buy-Back

Tip Ranks
2025.08.29 10:58
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Cardiex Limited has announced an unmarketable parcel share buy-back, allowing shareholders with holdings valued at less than A$500 to sell their shares back to the company at A$0.03 per share. This initiative aims to streamline operations by canceling these shares once transferred. Eligible shareholders must submit a retention form by October 13, 2025, if they wish to retain their shares, with the buy-back concluding by October 23, 2025. Cardiex focuses on advancing medical technology for vascular health and is listed on the ASX (AU:CDX).

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CardieX ( (AU:CDX) ) has issued an update.

Cardiex Limited has announced an unmarketable parcel share buy-back, allowing shareholders with holdings valued at less than A$500 to sell their shares back to the company at A$0.03 per share. This initiative, in accordance with the company’s constitution and ASX Listing Rules, aims to streamline operations by canceling these shares once transferred. Eligible shareholders must submit a retention form by October 13, 2025, if they wish to retain their shares. The buy-back is set to conclude with proceeds remitted to shareholders by October 23, 2025, subject to potential changes by the company.

More about CardieX

Cardiex is a company focused on advancing medical technology for vascular health, offering products such as medical and home health devices and digital solutions for hypertension, cardiovascular disease, and other vascular health disorders. Their offerings are based on the SphygmoCor® vascular biomarker technology, and they are listed on the Australian Stock Exchange (ASX: CDX).

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Technical Sentiment Signal: Sell

Current Market Cap: A$16.5M

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