NZXR Share Price Enquiry Into Blackwell Global Holdings Ltd

NZX Limited
PO Box 2959
WELLINGTON 6140


Attention: surveillance@nzx.com

Price Enquiry

We refer to your letter dated 22 June 2020 regarding the price of Blackwell Global Holdings Limited
Ordinary Shares (‘BGI’).

The Directors confirm that BGI continues to comply with Listing Rule 3.1.1 and is not aware of
Material information that should be released to the market.



Kind Regards




Sean Joyce
Chairman

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

www.nzx.com

22 June 2020

Mark Thornton
Chief Executive Officer
Blackwell Global Holdings Limited

By email: mark.thornton@nzf.co.nz

Dear Mark,

Price Enquiry

We write with respect to the continuous disclosure Listing Rules.

Listing Rule 3.1.1 (”the rule”) is set out in the Schedule attached to this letter. In summary, this
rule requires issuers to immediately disclose any Material Information to NZX Limited (“NZX”).
The rule provides limited exceptions to this obligation. Material Information does not need to be
disclosed where a reasonable person would not expect the information to be disclosed and
where the information is confidential and its confidentiality is maintained and where one of five
safe harbours applies.

The price of Blackwell Global Holdings Limited Ordinary Shares (“BGI”) has increased from
$0.007, being the market close price on 9 June 2020, to $0.016, being the price as at 11.30am
on 22 June 2020. This represents a total increase of $0.009, or 129%.

Given this increase in the price of BGI, please advise NZX whether Blackwell Global Holdings
Limited continues to comply with Listing Rule 3.1.1.

Could you please provide NZX with an answer to the above question (email:
surveillance@nzx.com) before 9:00 am, Tuesday 23 June 2020.

Please provide your response to this letter in “PDF” format, and note that it will be published in
full to the market.


Kind Regards,
Market Surveillance

SCHEDULE

3.1 Disclosure of Material Information
3.1.1 Once an issuer becomes Aware of any Material Information relating to it, the Issuer
must:
a) Promptly and without delay release that Material Information through MAP, and
b) Not disclose any Material Information to the public, any other stock exchanges (except
as provided for in Rule 3.26.2(d)) or any other party without first releasing that Material
Information through MAP.

3.1.2 Rule 3.1.1 does not apply when:
(a) One or more of the following applies:
i) Release of the information would be a breach of the law,
ii) The information concerns an incomplete proposal or negotiation,
iii) The information contains matters of supposition or is insufficiently definite to warrant
disclosure
iv) The information is generated for internal management purposes, or
v) The information is a trade secret,
(b) The information is confidential and its confidentiality is maintained, and
(c) A reasonable person would not expect the information to be disclosed.