NZ RegCo Share Price Enquiry into NZME Limited

WGN
Level 2
11 Cable Street
Wellington 6011
New Zealand
PO Box 2959
P +64 4 472 7599
AKL
Level 15
45 Queen Street
Auckland 1010
New Zealand
PO Box 106 555
P +64 9 368 1375





11 July 2024

David Mackrell
Chief Financial Officer
NZME Limited

By email: david.mackrell@nzme.co.nz

Dear David,

NZME Limited (NZM) – Price Enquiry

We write with respect to the continuous disclosure obligations set out in the Listing Rules (Rules).
Listing Rule 3.1.1 (the rule) is set out in the Schedule attached to this letter. In summary, the rule
requires issuers to immediately disclose any Material Information to NZX. The rule provides limited
exceptions to this obligation. Material Information does not need to be disclosed where a
reasonable person would not expect the information to be disclosed and where the information is
confidential and its confidentiality is maintained and where one of five safe harbours applies under
Rule 3.1.2.
The price of NZM has increased from $0.92 being the closing price on Wednesday 3 July 2024, to
a current bid-offer spread of $1.08-$1.10, and a last sale of $1.08 at the time of writing. The last
sale represents a price move of 17% in approximately one week.
Given the price move detailed above, please advise NZ RegCo whether NZM continues to comply
with Listing Rule 3.1.1.
We would appreciate it if you could provide NZ RegCo with an answer to the above question
(email: surveillance@nzregco.com) before 9:00 am tomorrow, 12 July 2024.
Please provide your response to this letter in “PDF” format, and note that it will be published in full
to the market.

Kind Regards,

Olivia Hooper
Surveillance Analyst
NZ RegCo Surveillance

2
SCHEDULE

3.1 Disclosure of Material Information
3.1.1 Once an issuer becomes Aware of any Material Information relating to it, the Issuer must:
a) Promptly and without delay release that Material Information through MAP, and
b) Not disclose any Material Information to the public, any other stock exchanges (except as
provided for in Rule 3.26.2(d)) or any other party without first releasing that Material
Information through MAP.

3.1.2 Rule 3.1.1 does not apply when:
(a) One or more of the following applies:
i) Release of the information would be a breach of the law,
ii) The information concerns an incomplete proposal or negotiation,
iii) The information contains matters of supposition or is insufficiently definite to warrant
disclosure
iv) The information is generated for internal management purposes, or
v) The information is a trade secret,
(b) The information is confidential and its confidentiality is maintained, and
(c) A reasonable person would not expect the information to be disclosed.

3.2 False Market
3.2.1 An Issuer must promptly and without delay release Material Information through MAP to
the extent necessary to prevent development or subsistence of a market for its Quoted
Financial Products which is materially influenced by false or misleading information
emanating from:
a. the Issuer or any Associated Person of the Issuer, or
b. other persons in circumstances in each case which would give such information
substantial credibility,
and which is of a reasonably specific nature whether or not Rule 3.1.2 applies.

---

NZME Limited. 2-4 Graham Street, Private Bag 92198, Victoria Street West, Auckland.
1
NEW ZEALAND MEDIA AND ENTERTAINMENT
MARKET ANNOUNCEMENT

12 July 2024
New Zealand Media and Entertainment (NZME) Response to NZ RegCo Price Enquiry
issued 11 July 2024

AUCKLAND, 12 July 2024: NZME Limited (NZX: NZM, ASX: NZM) confirms that, as at the date of
this response, it continues to comply with its continuous disclosure obligations under NZX Listing
Rule 3.1.1.

ENDS

Authorised by Michael Boggs, Chief Executive Officer.

For further information please contact:

For media For investors
Kelly Gunn
GM Communications
+64 27 213 5625
kelly.gunn@nzme.co.nz
David Mackrell
Chief Financial Officer
+64 21 311 911
david.mackrell@nzme.co.nz