Capital Change Notice

Capital Change Notice

Updated as at June 2023


Section 1: Issuer information
Name of issuer Black Pearl Group Limited
NZX ticker code BPG
Class of financial product Ordinary Shares (Shares)
ISIN (If unknown, check on NZX website) NZBPGE0004S2
Currency NZD
Section 2: Capital change details
Number issued 720,394 Shares
Nominal value (if any) N/A
Issue price per security $0.85 per Share
Nature of the payment (for example, cash or other
consideration)
Non-cash consideration provided
in the form of services rendered
by key personnel of BPG.
Amount paid up (if not in full) Fully paid
Percentage of total class of Financial Products issued
(calculated on the number of Financial Products of the
Class, excluding any Treasury Stock, in existence)
1

1.13%
For an issue of Convertible Financial Products or Options,
the principal terms of Conversion (for example the
Conversion price and Conversion date and the ranking of
the Financial Product in relation to other Classes of
Financial Product) or the Option (for example, the exercise
price and exercise date)
N/A
Reason for issue and specific authority for issue (the reason
for change must be identified here)
Issued upon the conversion of
unquoted Restricted Share Units
in BPG (RSUs) in accordance
with BPG’s Key Personnel
Restricted Share Unit Plan Rules
(RSU Plan Rules) and each RSU
participant’s letter of invitation
(Letter of Invitation).
Total number of Financial Products of the Class after the
issue (excluding Treasury Stock) and the total number of
Financial Products of the Class held as Treasury Stock after
the issue
64,647,534 Shares
In the case of an acquisition of shares, whether those
shares are to be held as treasury stock
N/A
Specific authority for the issue including a reference to the
rule pursuant to which the issue, acquisition, or redemption
is made
NZX Listing Rule 4.6 and Board
resolution per section 47 of the
Companies Act 1993.

1
The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.

Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
Pursuant to the exercise of RSUs
under the RSU Plan Rules and
Letters of Invitation.
Date of issue/acquisition/redemption
2
19/02/2025
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Karen Cargill
Contact person for this announcement Karen Cargill
Contact phone number +64 21 135 5183
Contact email address karen.cargill@blackpearlmail.com
Date of release through MAP

20/02/2025




2
Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant
issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).