Solution Dynamics Ltd (“SDL”) – 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:
Monday, 25 November 2024
Subject
: Solution Dynamics Limited (“SDL”) – Trading Halt of Securities


Message
:
NZ RegCo has approved a trading halt application from Solution Dynamics Limited (“SDL”).
Trading in SDL equity securities was halted at pre-market open today.

SDL’s trading halt application is attached for further information.

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

ENDS

---

25 November 2024
To: NZ RegCo
11 Cable Street
Wellington
New Zealand
By email: issuer@nzregco.com

Request for trading halt: Solution Dynamics Limited (NZX Code: SDL)
We request a trading halt be applied to our financial products (SDL) under NZX Listing Rule
9.9.1(a) and set out below details of the request as per the rules of NZX. We would like the
trading halt to commence prior to the open of trading on the NZX on Monday, 25 November.
Reasons for trading halt, including impact of event on fair orderly or transparent
markets: SDL has previously advised investors and the market that its largest customer
was undertaking a Request for Proposal (RFP) process that covered communications
services provided by SDL as part of the customer’s regular review and tendering of its major
contracts. During the weekend, SDL was advised that it had not been successful in the RFP
process.
However, a number of issues remain unclear, particularly whether this decision applies to all
or only part of SDL’s services to the customer; furthermore, SDL currently has no information
about the timing of the hand over process.
SDL has an RFP debriefing call with the customer’s procurement team overnight Monday
night (NZ time) and on Tuesday will then consider and review the information received.
How long we want the trading halt to last and why: SDL will review the information
received from its customer and then provide a formal announcement to the market. The
trading halt is requested until the earlier of SDL’s announcement or market open on
Wednesday, 27 November 2024.
The event we expect to happen that will end the trading halt: The formal NZX
announcement to the market referred to under the previous subheading, outlining what SDL
expects will entail a greater degree of understanding of the RFP process outcome.
We confirm we are not aware of any reason why the trading halt should not be granted or of
any other information necessary to inform the market about the trading halt.
Yours sincerely

John McMahon
Chair, Solution Dynamics Limited