Retail Share Purchase Plan Update

Corporate Action Notice
(Other than for a Distribution)
Updated June 2023

Page 1 of 2
Section 1: Issuer information (mandatory)
Name of issuer Black Pearl Group Limited
Class of Financial Product Ordinary Shares
NZX ticker code BPG
ISIN (If unknown, check on NZX
website)
NZBPGE0004S2
Name of Registry Link Market Services
Type of corporate action
(Please mark with an X in the relevant
box/es)
Share Purchase
Plan/retail offer
X Renounceable
Rights issue or
Accelerated
Offer

Capital
reconstruction
non-
Renounceable
Rights issue or
Accelerated
Offer

Call Bonus issue
Record date 18/10/2023
Ex Date (one business day before the
Record Date)
17/10/2023
Currency NZD
Section 6: Share Purchase Plans/retail offer
Number of Financial Products to be
issued
OR
Maximum dollar amount of
Financial Products to be issued
Up to 9,047,514 ordinary shares in BPG (in accordance
with NZX Listing Rules 4.3.1 and 4.5.1).
Minimum application amount (if
any)
N/A
Maximum application amount per
financial product holder
$5,000 (with the ability to accept oversubscriptions)
Subscription price per Financial
Product
$0.51
Scaling reference date By reference to holdings at Record Date
Closing date 07/11/2023
Allotment date 14/11/2023

2 of 2
Section 7: Authority for this announcement (mandatory)
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 10/10/2023

---

Blackpearl | Level 1 60 Cuba Street
Wellington 6011 | New Zealand
hello@blackpearlgroup.com | +64 480 39390


10 October 2023

Retail Share Purchase Plan Update

As announced to the market last Friday, 6 October 2023, Black Pearl Group Limited
(NZX:BPG) is conducting a capital raise comprising of wholesale investor placements
(Placement) and a retail share purchase plan (SPP) to raise approximately NZ$4 million.
BPG is currently working through the Placement component of its capital raise and will
update the market early next week.

The SPP is scheduled to open on Thursday, 19 October 2023, and will be open to all
retail investors. Please see attached a corporate action notice detailing the key terms of
the SPP.

Applicants will be able to apply for NZ$5,000 of shares at an issue price of NZ$0.51 per
share, with the ability to over or under subscribe. Shares issued under the SPP will rank
equally and be of the same class as the shares quoted on the NZX Main Board.

Oversubscription applications will be subject to scaling provisions and will be wholly
subject to the availability of shares under the oversubscription facility and overall
demand. Applications from existing BPG shareholders as at the record date of
Wednesday, 18 October will have priority over applications from non-shareholders.

An SPP offer document with further details and terms will be released to the market
next week.

For and on behalf of the board,
Karen Cargill
Chief Financial Officer
For further information, please contact:
karen.cargill@blackpearlmail.com | +64 21 135 5183