NZXR Share Price Enquiry Into Blackwell Global Holdings Ltd
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 July 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
$0.016, being the market close price on 6 July 2020, to $0.093, being the price as at 11.30am
on 22 July 2020. This represents a total increase of $0.077, or 481%.
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 4:00 pm, Wednesday 22 July 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,
Rhys Allan
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.
---
22 July 2020
NZX Limited
PO Box 2959
WELLINGTON 6140
Attention: surveillance@nzx.com
Price Enquiry
We refer to your letter dated 22 July 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
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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