BPG - Share Purchase Plan Oversubscribed

BLACKPEARL GROUP | Market Announcement
24 October 2024
BPG Share Purchase Plan Oversubscribed
Black Pearl Group Limited (NZX:BPG) is pleased to announce that its NZ$2 million share
purchase plan offer ("SPP") has closed oversubscribed. BPG received SPP applications totalling
approximately $3.15 million from over 1,450 BPG shareholders.
The SPP is part of BPG's equity raising announced on 4 October 2024 where BPG also undertook
an oversubscribed placement of $10.5 million. The new shares under the SPP will be issued at
$1.25, being the same price as shares were issued in the placement.
SPP applications will be scaled on a proportionate basis by reference to the number of BPG shares
held by the applicants on the Record Date (4 October 2024). Refunds of the surplus application
amounts paid will be made to applicants on or before 7 November 2024. SPP Allotment and
settlement of shares issued under the SPP is expected to occur on 31 October 2024. Trading of
those shares is expected to commence on NZX on 31 October 2024. The new shares to be issued
under the SPP will rank equally in all respects with BPG’s existing ordinary shares.

ENDS
Contact
Released for and on behalf of BPG by Karen Cargill, Chief Governance Officer.
For further information, please contact: Karen.cargill@blackpearl.com | +64 21 135 5183
About Blackpearl Group
Blackpearl Group (BPG) is a market-leading data technology company pioneering AI-driven
sales and marketing solutions for the US market.

Specifically engineered for small-medium sized businesses (SMEs), BPG consistently delivers
exceptional value to its customers. Our mantra is simple: ‘Better Growth Together’. When our
customers win, we win.
Founded in 2012, BPG is based in Wellington, New Zealand, and Phoenix, Arizona.
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