Proposal to capitalise further secured bonds

Blackwell Global Holdings Limited
PO Box 105 745
Auckland 1143
25 July 2022
NZX Limited
WELLINGTON

Proposal to capitalise further secured bonds
Blackwell Global Holdings Limited is currently indebted to its major shareholder Blackwell Global
Group Limited (BGGL) to the sum of NZD$1,000,000 of secured bonds held by BGGL (Bonds).
Subject to shareholder approval, the independent directors of BGI have agreed with BGGL that:
1. BGGL shall extend the maturity date of the Bonds to 31 December 2023, and will not
call for repayment of the Bonds prior to that date except in a liquidation of BGI or
through the capitalisation referred to below.
2. BGGL agrees to capitalise NZ$450,000 principal amount of Bonds at an issue price of
NZ$0.0045 per new share (for an issue of 100,000,000 fully paid shares in BGI) (the
Capitalisation) on 17 October 2022.
A shareholders meeting will be called to consider the resolutions required to authorise these
transactions.
Assuming shareholder approval is forthcoming, BGI would then have NZ$550,000 principal amount
of Bonds on issue with a maturity date of 31 December 2023.
END
For further information, please contact:

Sean Joyce
M: +64 21 865 704
E: sean@corporate-counsel.co.nz