BPG – Trading Halt of Securities

NZX Limited
Level 2, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599

www.nzx.com

Memorandum

To:
Market Participants
From:
NZX Product Operations
Date:
Friday, 4 October 2024
Subject
: Black Pearl Group Limited (“BPG”) – Trading Halt of Securities


Message
:
NZ RegCo has approved a trading halt application from Black Pearl Group Limited (“BPG”).
Trading in BPG equity was halted prior to market pre-open today.

BPG’s trading halt application is attached.

Please contact NZX Product Operations on +64 4 496 2853 or productoperations@nzx.com
with any queries.

ENDS

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Blackpearl | Level 1 60 Cuba Street
Wellington 6011 | New Zealand
hello@blackpearlgroup.com | +64 480 39390
3 October 2024
To: NZ RegCo
11 Cable Street
Wellington

By email: issuer@nzregco.com
Request for trading halt: Black Pearl Group Limited (NZX Code: BPG)
1 Black Pearl Group Limited (Blackpearl) requests a trading halt be applied to its ordinary shares (NZX: BPG)
under NZX Listing Rule 9.9.1(a) and set out below details of the request as per the rules of NZX.
2 Blackpearl would like the trading halt to commence from pre-market open on Friday, 4 October 2024.
Reasons for trading halt, including impact of event on fair orderly or transparent markets:
3 Blackpearl proposes to undertake an offer comprising of off-market placements of approximately NZ$8
million of ordinary shares in Blackpearl (Shares) to select investors (Placement), followed by a share
purchase plan of up to NZ$2 million (SPP) open to existing retail shareholders residing in New Zealand
(together, the Offer). The Board reserves the right to accept oversubscriptions.
4 Blackpearl advises that the Shares issued under the Offer will be issued at NZ$1.25 per Share. The level of
demand for the Shares will not be known until the Placement has been completed and consequently the
trading halt has been sought to facilitate an orderly market.
How long we want the trading halt to last and why:
5 Blackpearl requests a trading halt from pre-market open on Friday, 4 October 2024 until the earlier of the
time of the announcement that the Placement has completed or market open (being 10.00am NZT) on
Monday, 7 October 2024.
The event we expect to happen that will end the trading halt:
6 Blackpearl expects the trading halt to end once it is in a position to announce the outcome of the
Placement on the NZX.
7 Blackpearl will release to the market the SPP investor presentation and cleansing notice for the Placement
on Friday, 4 October 2024 while, if granted, the trading halt is in effect.
8 Blackpearl is not aware of any other information necessary to inform the market about the trading halt or
that NZ RegCo has requested.
We confirm that we are not aware of any reason why the trading halt should not be granted.
Yours sincerely

Nicholas Lissette,
Director
Black Pearl Group Limited
For further information, please contact nick@blackpearl.com
Docusign Envelope ID: 9BBF43FD-CA06-42A4-9EBB-49D4C645F430