Completion of Retail Entitlement Offer

Company Announcement
16 November 2021

Not for release to US wire services or distribution in the United States

COMPLETION OF RETAIL ENTITLEMENT OFFER
Transport and logistics company, MOVE Logistics Group Limited (NZX: MOV), is pleased to advise
that it has successfully completed the retail entitlement offer component (Retail Entitlement Offer)
of its fully underwritten 1 for 3.06 pro rata accelerated renounceable entitlement offer (Offer) of
new ordinary shares (New Shares), as part of the approximately $40 million capital raise announced
on 27 October 2021.
The Retail Entitlement Offer closed at 5pm (NZ time) on Friday 12 November 2021 and raised gross
proceeds of approximately $9.6 million.
The pro-rata nature of the Retail Entitlement Offer provided existing eligible retail shareholders with
the opportunity to maintain their percentage shareholding in the company. It received strong
support with approximately 74% of MOVE’s existing eligible retail shareholders electing to take up
their entitlements.
Retail Bookbuild
MOVE will offer for sale under the retail bookbuild (Retail Bookbuild) approximately 2.4 million
entitlements, being those entitlements not taken up or which would have been issued to ineligible
shareholders had they been entitled to participate.
The Retail Bookbuild will be conducted by the Joint Lead Managers, Craigs Investment Partners and
Bell Potter Securities Limited today, Tuesday 16 November 2021.
Any premium achieved above the application price of $1.40 per share for the entitlements in the
Retail Bookbuild will be shared between those retail shareholders who did not exercise their
entitlements or who were ineligible to do so, in proportion to their holdings of unexercised
entitlements. There is no guarantee that any premium will be achieved, and any premium achieved
through the Retail Bookbuild may be different from the premium achieved in the bookbuild
conducted in respect of the institutional component of the Offer.
MOVE’s shares are expected to resume normal trading on the NZX on Wednesday 17 November
2021. The New Shares to be issued under the Retail Entitlement Offer and Retail Bookbuild are
expected to be allotted and commence trading on the NZX on Thursday 18 November 2021 and will
rank on issue equally with existing ordinary shares.
Holding statements for New Shares issued under the Retail Entitlement Offer and Retail Bookbuild
are expected to be dispatched by the Registrar, Link Market Services Limited, on Wednesday 24
November 2021.
ENDS

For further information, please contact:

Chris Dunphy
Executive Director
Phone: +61 417 888 930
Email: Chris@movelogistics.com
Lee Banks
Chief Financial Officer
Phone: +64 27 525 2876
Email: Lee.Banks@movelogistics.com

For media assistance, please contact: Jackie Ellis t: + 64 27 246 2505 e: jackie@ellisandco.co.nz

About MOVE Logistics Group Limited (MOV)
MOVE is one of the largest domestic freight and logistics businesses in New Zealand, with a
nationwide network of branches, depots and warehouses.
Important Notices and Disclaimer

This announcement has been prepared for publication in New Zealand and may not be released to
US wire services or distributed in the United States. This announcement does not constitute an offer
of securities for sale in the United States or any other jurisdiction. Any securities described in this
announcement may not be offered or sold in the United States absent registration under the US
Securities Act of 1933 or an exemption from registration.