CAPITAL RETURN TO SHAREHOLDERS – FINAL ORDERS RECEIVED

Corporate Action Notice
(Other than for a Distribution)
Updated January 2024
Page 1 of 2
Section 1: Issuer information (mandatory)
Name of issuer Burger Fuel Group Limited
Class of Financial Product Burger Fuel Group Limited Ordinary Shares
NZX ticker code BFG
ISIN (If unknown, check on NZX website) NZBFWE0001S6
Name of Registry Computershare Investor Services Limited
Type of corporate action
(Please mark with an X in the relevant
box/es)
Share Purchase
Plan/retail offer
Renounceable
Rights issue or
Accelerated
Offer

Capital
reconstruction
X Non-
Renounceable
Rights issue or
Accelerated
Offer

Call Bonus issue
Placement
Record date 04/06/2024
Ex Date (one business day before the
Record Date)
31/05/2024
Currency NZD
External approvals required before offer can
proceed on an unconditional basis?
N
Details of approvals required N/A
Section 5: Capital reconstruction
(delete full section if not applicable, or mark rows as N/A if not applicable)*
Nature of capital reconstruction
(Please mark with an X in applicable
box)
Financial Product
Split

Financial
Product
Consolidation

Other X Amalgamation
Ratio (for example 1 for 2) New 3 Existing 10
Treatment of fractions
**
Rounded up or down to the nearest whole number (with 0.5
rounded up).
Number of Financial Products to be
issued/ redeemed
15,101,059 ordinary shares are estimated to be cancelled (the
exact number of ordinary shares which are to be cancelled will
be determined after rounding).
Total number of Financial Products of
the Class after the capital
reconstruction (excluding Treasury
Stock)
35,235,804 ordinary shares are estimated to be on issue after
the capital reconstruction (the exact number of ordinary shares
that will be on issue after the capital reconstruction will be
determined after rounding).
Total number of Financial Products of
the Class held as Treasury Stock after
the capital reconstruction
No treasury stock will be held after the capital reconstruction

2 of 2
Per Financial Product amount (if cash
reconstruction)
$0.27 for each share cancelled.
Payment date (if cash reconstruction) 05/06/2024 - 18/06/2024
Allotment date N/A
Section 8: Lead Manager and Underwriter (mandatory)
Lead Manager(s) appointed N
Name of Lead Manager(s) N/A
Fees, commission or other
consideration payable to Lead
Manager(s) for acting as lead
manager(s)
N/A
Underwritten N
Name of Underwriter(s) N/A
Extent of underwriting (i.e. amount or
proportion of the offer that is
underwritten)
N/A
Fees, commission or other
consideration payable to
Underwriter(s) for acting as
underwriter(s)
N/A
Summary of significant events that
could lead to the underwriting being
terminated
N/A
Section 9: Authority for this announcement (mandatory)
Name of person authorised to make this
announcement
Mark Piet
Contact person for this announcement Mark Piet
Contact phone number 021 453 333
Contact email address Mark.Piet@Burgerfuel.com
Date of release through MAP 27/05/2024

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27 May 2024
CAPITAL RETURN TO SHAREHOLDERS – FINAL ORDERS RECEIVED
Burger Fuel Group Limited (BFG) has received final orders from the High Court on 27 May 2024 approving
the return of approximately $4.077 million of capital to its shareholders via a pro-rata share cancellation by
way of a scheme of arrangement under Part 15 of the Companies Act 1993 (Scheme).
On 31 October 2023 BFG announced that it had received initial orders from the High Court to seek
shareholder approval of the Scheme. The return of capital was approved at a special meeting of
shareholders on 14 December 2023 with 92.92% of the votes cast being cast in favour of the resolution,
and 76.39% of the total number of BFG shares on issue voted in favour of the resolution.
On 26 January 2024, BFG published an updating announcement that following a notice of opposition filed
by a shareholder, the hearing scheduled for 5 February 2024 was adjourned and scheduled for 8 May
2024.
The terms of the Scheme, approved by the High Court, are that:
(a) 30% of the shares held by each shareholder shall be cancelled (together with all rights attaching to
those shares). If multiplying the number of shares owned by shareholders by 0.30 (being the
decimal form of 30%) does not result in a whole number, then the resulting number will be rounded
up or down to the nearest whole number of shares (with 0.5 rounded up).
(b) BFG shall pay NZ$0.27 to each shareholder for each share registered in the name of that
shareholder which has been cancelled.
The Record Date for the Scheme is 5:00pm, Tuesday 4 June 2024. A summary of the key dates is set out
below.
Event Date
Trading halt applied Thursday 30 May 2024 (close of trading day)
Record date - date for determining
entitlement to participate in the Scheme
5:00pm, Tuesday 4 June 2024
Implementation date Wednesday 5 June 2024
Trading resumes By 12pm on Wednesday 5 June 2024
Payment date
By Tuesday 18 June 2024 (Computershare to make payment
and send new shareholding statements within 10 business
days of the Record Date)
ENDS
Mark Piet
Chief Financial Officer,
Burger Fuel Group Limited
Mark.Piet@Burgerfuel.com Phone 021 453 333