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 267,408
Nominal value (if any) N/A
Issue/acquisition/redemption price per security 180,000 shares at $0.01
87,408 shares at $0.56
Nature of the payment (for example, cash or other
consideration)
180,000 ordinary shares in
BPG (Shares) were issued for
cash.
The 87,408 Shares were
issued as fully paid for nil cost
to the shareholder, in
consideration for specified
periods of service as provided
for in BPG’s pre-listing
employee share rights scheme
(Employee Share Scheme).
The reasonable present cash
value of the consideration for
87,408 of the Shares issued is
$0.56 per Share.
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

0. 60%
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)
180,000 Shares issued upon
the exercise of unquoted
warrants in BPG.

1
The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.

87,408 Shares issued 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.
45,237,573
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
NZX 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)
Converted in accordance with
the Warrant Terms of Issue.
Date of issue/acquisition/redemption
2
12/09/2023
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

12/09/2023




2
Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant
issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).