CSM Group Limited (“CSM”) – Trading Halt of Securities

NZX Limited
Level 1, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599

www.nzx.com

Memorandum
To:
Market Participants
From:
NZX Regulation
Date:
Friday, 13 December 2019
Subject
: CSM Group Limited (“CSM”) - Trading Halt of Securities

NZX Regulation (“NZXR”) advises that the trading halt over CSM ordinary shares will remain in
place. The trading halt was placed pre-market open, Wednesday, 11 December 2019.

NZXR applied the trading halt while it discusses with CSM the proposed acquisition of The
Good Brand Company Limited and Me Today Limited (the “Acquisition”). The Acquisition
constitutes a reverse listing which, in accordance with NZX guidance, triggers a suspension of
quotation. This suspension of quotation will continue until information contemplated by a Notice
of Meeting or Profile is disclosed to the market.
Please see the NZX Guidance Note on Backdoor and Reverse Listing Transactions (“Guidance
Note”) for further detail about the information contemplated by a Notice of Meeting or Profile,
and when NZX may exercise its discretion under NZX Listing Rule 1.11.1 -
https://www.nzx.com/regulation/nzx-rules-guidance/nzx-mo-announcements/guidance-notes
The disclosure obligations in terms of the Guidance Note are significant.
The halt will remain in place until the earlier of:
• the release by CSM of a detailed announcement about the Acquisition, which satisfies
the disclosure requirements of the Guidance Note; or
• Market open on Tuesday, 17 December 2019.
In the event that CSM is not able to compile, and disclose to the market, the detailed
information required to satisfy the disclosure requirements of the Guidance Note by market
open on Tuesday, 17 December 2019, the halt will be lifted, and the shares in CSM will be
suspended until such time as CSM releases the Notice of Meeting and Profile pertaining to the
Acquisition, to the market. This process is contemplated by the Guidance Notice, and is
designed to ensure that the shares in an Issuer can only be traded where the market is fully
informed about all material aspects of a potential acquisition in the context of a reverse listing
transaction.
Please contact NZX Product Operations on +64 4 496 2853 or productoperations@nzx.com
with any queries.
ENDS