Question 1

When did Wellnex Life obtain AIM Rule 15 shareholder approval at an extraordinary general meeting?

Accepted Answer

Wellnex Life obtained AIM Rule 15 shareholder approval at an extraordinary general meeting on 8 September 2026.

Question 2

What is the total potential cash proceeds from the Pain Away sale to Mentholatum Australasia Pty?

Accepted Answer

The Pain Away sale to Mentholatum Australasia Pty is up to A$21.3m in cash, comprising A$19.8m upfront and an A$1.5m earn-out tied to normalised EBITDA over 12 months.

Question 3

What does Wellnex Life hold for its continuing liquid soft gel analgesics business in Australia?

Accepted Answer

Wellnex Life holds TGA marketing authorisations for its continuing liquid soft gel analgesics business in Australia.

Question 4

What annualised cost savings did Wellnex Life target with its turnaround programme?

Accepted Answer

Wellnex Life launched a strategic turnaround programme targeting more than A$1 million in annualised cost savings.

Question 5

When was the upfront purchase price settled following completion of the Pain Away sale?

Accepted Answer

The upfront purchase price following completion of the Pain Away sale was settled on 11 September 2026.

Question 6

What is Wellnex Life planning to do with cash proceeds from the Pain Away sale?

Accepted Answer

Wellnex Life said it plans to use the proceeds to fully repay about A$10.2 million in secured and unsecured borrowings, then use remaining funds for working capital and to support growth initiatives in its retained retail and distribution operations.

Timeline

Wellnex Life

Wellnex Life completes sale of Pain Away business

Wellnex Life narrows loss 71% as turnaround takes hold

Wellnex Life sells Pain Away brand for up to A$21.3m

Wellnex Life extends repayment of circa $2.88m owed to former directors

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