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Wellnex Life Announces CEO Resignation and Loan Repayment Plan

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Wellnex Life Announces CEO Resignation and Loan Repayment Plan

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Wellnex Life Ltd ( (AU:WNX) ) has shared an announcement.

Wellnex Life Limited, a company listed on the ASX and AIM, announced the resignation of Mr. Zack Bozinovski as Director and CEO. During the transition period, Executive Chairman Mr. Ash Vesali will manage the company’s daily operations while a search for a new CEO is underway. Additionally, the company has agreed on a repayment schedule for a loan of A$2.3 million from Mr. Bozinovski and his wife, with full repayment due by April 2026.

The most recent analyst rating on (AU:WNX) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Wellnex Life Ltd stock, see the AU:WNX Stock Forecast page.

More about Wellnex Life Ltd

Average Trading Volume: 54,510

Technical Sentiment Signal: Sell

Current Market Cap: A$16.79M

See more data about WNX stock on TipRanks’ Stock Analysis page.

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