New Equity Secured

Capital Change Notice


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Section 1: Issuer information
Name of issuer Promisia Integrative Limited
NZX ticker code PIL
Class of financial product Ordinary shares
ISIN NZPRPE0001S5
Currency New Zealand Dollars
Section 2: Capital change details
Number issued/acquired/redeemed 750,000,000 fully paid ordinary shares.

Nominal value (if any) Not applicable
Issue/acquisition/redemption price per security $0.001
Nature of the payment (for example, cash or other
consideration)
Cash

Amount paid up (if not in full) Not applicable
Percentage of total class of Financial Products
issued/acquired/redeemed/ (calculated on the number of
Financial Products of the Class, excluding any Treasury Stock,
in existence)
4.64%
For an issue of Convertible Financial Products or Options, the
principal terms of Conversion (for example the Conversion
price and Conversion date and the ranking of the Financial
Product in relation to other Classes of Financial Product) or the
Option (for example, the exercise price and exercise date)
Not applicable
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
For working capital. Authorised by board
resolutions and previous shareholder
approval.

Total number of Financial Products of the Class after the
issue/acquisition/redemption/Conversion (excluding Treasury
Stock) and the total number of Financial Products of the Class
held as Treasury Stock after the issue/acquisition/redemption.
16,901,797,451
In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
Not applicable
Specific authority for the issue, acquisition, or redemption,
including a reference to the rule pursuant to which the issue,
acquisition, or redemption is made
Shareholders approved the issue of up
to 8 billion shares on 11 June 2020
under listing rule 4.2.1(a). With today’s
allotment 6.75 billion shares have now
been issued under this approval.

Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
New ordinary shares that rank equally
with existing ordinary shares.
Date of issue/acquisition/redemption 16 December 2020
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Stephen Underwood
Contact person for this announcement Stephen Underwood

Contact phone number +64 27 499 3387
Contact email address stephen@renouf.co.nz
Date of release through MAP

16 December 2020

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NZX Release 16 December 2020

New Equity Secured
Promisia Integrative Limited (NZX: PIL) (PIL) wishes to advise the market that it has secured $1.05
million of new equity commitments.

$750,000 of new shares are being issued today at an issue price of $0.001 per share to several
wholesale investors. At the special meeting of shareholders held on 11 June 2020, shareholders
approved the issue of up to $8 million shares at $0.001 per share and this issuance is made under
that approval. A capital change notice detailing this issue of shares accompanies this announcement.

PIL has also secured a conditional equity commitment for $300,000 of new shares at an issue price of
$0.001 per share to associated persons of PIL’s executive director and majority shareholder, Thomas
Brankin. The Board of PIL intends to call a special meeting of shareholders early in 2021 to approve
this issuance.

At that meeting PIL also intends to put to shareholders further resolutions to position the PIL balance
sheet for future growth:

• While changing the business focus of PIL to become an aged care operator, directors’ fees
have accrued but have not been paid to directors. The directors wish to support PIL and have
agreed, subject to shareholder approval to capitalise a proportion of the directors’ fees owing
to them by subscribing for new shares in PIL at $0.001 per share.

• As advised to the market on 2 November 2020, Thomas Brankin (through the Brankin Family
Interest Trust) is owed $1,557,683.10 by PIL and, subject to shareholder approval, has agreed
to convert this loan to shares at an issue price of $0.001 per share.

A notice of meeting will be prepared and sent to shareholders in January detailing the resolutions for
consideration by shareholders.

The Board is committed to giving all shareholders the opportunity to subscribe for new shares in PIL at
$0.001 per share and intends to proceed with the previously advised share purchase plan in February
2021.

ENDS

For further information please contact Mr Stephen Underwood, Chairman on 027 499 3387.