Capital Change Notice

Capital Change Notice

Updated as at 17 October 2019



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 516,511
Nominal value (if any) N/A
Issue/acquisition/redemption price per security 450,955 ordinary shares at $0.69
65,556 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 as
provided for in Black Pearl Group
Limited’s pre-listing employee
share rights scheme (Employee
Share Scheme). The reasonable
present cash value of the
consideration for 65,556 of the
ordinary shares issued is $1.02
per share.
The reasonable present cash
value of the consideration for
450,955 of the ordinary shares
issued is $0.69 per 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)

1.46%
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 the Employee
Share 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.
35,879,970
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

19/04/2023
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 19/04/2023