NZMDT DETERMINATION

21 December 2023
NZMDT DETERMINATION
The NZ Markets Disciplinary Tribunal (the Tribunal) has released a Determination in which it found that
Enprise Group Limited (ENS) breached NZX Listing Rule 3.1.1 in relation to its disclosure obligations
concerning Kilimanjaro’s recently settled dispute with MYOB.
The ENS Board is disappointed with this finding and the penalty imposed on ENS as a result of the NZ
RegCo investigation and subsequent Tribunal decision.
We assure our shareholders that we take our disclosure obligations extremely seriously. We maintain
that the Board acted with due care and in the best interests of our shareholders in considering ENS’s
disclosure obligations in this particular instance.
We note with some level of satisfaction that the Tribunal made the following statement in its Determination
and rejected a number of the submissions made by NZ RegCo:

The Board has reluctantly accepted the decision of the Tribunal to enable ENS to put this matter behind
us and move forward into 2024 with a focus on growing the ENS businesses.

Contact: Nick Paul, Chair, +64 27 498 0051