NZ RegCo Share Price Enquiry into Accordant Group Limited

WGN
Level 1
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





29 July 2024

Mr Rodney Hyde
Chief Financial Officer
Accordant Group Limited

By email: rod.hyde@accordant.nz

Dear Mr Hyde,

Accordant Group Limited (AGL.NZ) – 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, this rule
requires issuers to immediately disclose any Material Information to NZX Limited (“NZ RegCo”).
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.

The price of AGL.NZ has increased from $0.43, being the market close price on Wednesday 10
July 2024 to $0.65, being the price as at 12:09 pm on Monday, 29 July 2024. This represents a
total increase of $0.22, or 51.16% over 14 trading days.

Given this increase in the price of AGL.NZ, please advise NZ RegCo whether AGL.NZ 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, Tuesday, 30 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,




Campbell Johnstone
Principal 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.

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Accordant Group Limited
Level 6, 51 Shortland Street, Auckland
PO Box 105 675, Auckland 1143
Tel 09 526 8770
accordant.nz
29 July 2024

Accordant Group Limited (AGL) Response to NZ RegCo Price Enquiry issued 29 July 2024
29 July 2024: Accordant Group Limited (AGL) 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
For further information please contact:
Rod Hyde
Chief Financial Officer
Accordant Group