Capital Change Notice – Exercise of Employee Share Rights

Capital Change Notice

Updated as at 17 October 2019

15973447_2


Section 1: Issuer information
Name of issuer Black Pearl Group Limited
NZX ticker code BPG
Class of financial product Ordinary shares
ISIN (If unknown, check on NZX website) NZBPGE0004S2
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 602,311
Nominal value (if any) N/A
Issue/acquisition/redemption price per security 341,544 ordinary shares at $0.69
260,767 ordinary shares at $1.02
Nature of the payment (for example, cash or other
consideration)
The ordinary shares have been
issued as fully paid for nil cost to
the shareholder, in consideration
for specified periods of service.
The reasonable present cash
value of the consideration to be
provided for 341,544 of the
ordinary shares issued is $0.69
per each such ordinary share. The
reasonable present cash value of
the consideration to be provided
for 260,767 ordinary shares is
$1.02 per each such ordinary
share. The issue price per
ordinary share was set by
reference to the price of ordinary
shares during the most recent
share issues before the time the
company granted the share rights
to the relevant employee or
contractor.
Amount paid up (if not in full) Fully paid.
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)
1.733%
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)
N/A

Reason for issue/acquisition/redemption and specific
authority for issue/acquisition/redemption/ (the reason for
change must be identified here)
In accordance with Black Pearl
Group Limited’s pre-listing
employee share rights scheme.
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.
35,356,175
In the case of an acquisition of shares, whether those
shares are to be held as treasury stock
N/A
Specific authority for the issue, acquisition, or redemption,
including a reference to the rule pursuant to which the issue,
acquisition, or redemption is made
Listing Rule 4.9.1(b), board
resolution and certificate under
section 47 of the Companies Act
1993.
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
N/A
Date of issue/acquisition/redemption 23/12/2022
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Karen Cargill
Contact person for this announcement Karen Cargill
Contact phone number +64 21 135 5183
Contact email address karen.cargill@blackpearlmail.com
Date of release through MAP

23/12/2022