Promisia Integrative Limited (“PIL”) – Suspension

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:
Thursday, 19 December 2019
Subject
: Promisia Integrative Limited (“PIL”) - Suspension of quotation


Message
:

NZX Regulation (“NZXR”) advises that it has suspended the quotation of PIL ordinary shares.
The suspension of quotation was placed pre-market open today.
NZXR has suspended the quotation of PIL ordinary shares after the announcement by PIL that
it had entered into a conditional agreement to acquire certain aged care facilities (the
“Acquisition”). The Acquisition constitutes a reverse listing which, in accordance with NZX
guidance, triggers a suspension of quotation. This process is contemplated by the NZX
Guidance Note on Backdoor and Reverse Listing Transactions 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.
The suspension will remain in place 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 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
Please contact NZX Product Operations on +64 4 496 2853 or productoperations@nzx.com
with any queries.
ENDS