Capital Change Notice - Shares

Capital Change Notice

Updated as at February 2025


Section 1: Issuer information
Name of issuer Pacific Edge Limited
NZX ticker code PEB
Class of financial product Ordinary shares (“Shares”)
ISIN (If unknown, check on NZX website) NZPEBE0002S1
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed Issue of 209,594,486 Shares in
aggregate, comprising the issue of:
1. 160,728,498 Shares under a
placement that was completed on
30 May 2025 (“Placement”)
2. 46,621,913 Shares under a share
purchase plan that opened on 17
July 2025 and closed on 31 July
2025 (“SPP”)
3. 1,507,600 Shares to Directors, as
approved by shareholders on 6
August 2025 (Directors)
4. 736,475 Shares to employees who
have received Shares in lieu of
Short Term Incentives (STI)

Nominal value (if any) Not applicable
Issue/acquisition/redemption price per security $0.10 for issues 1, 2 and 3 above
$0.105 for issue 4 above
Nature of the payment (for example, cash or other
consideration)
1 and 2 (Placement and SPP) – Cash
3 (Directors) Non-cash consideration,
being in recognition of performance as a
Director in lieu of cash payment
4 (STI) - Non-cash consideration, being in
recognition of performance as an
employee in lieu of cash bonus
Amount paid up (if not in full) Paid in full
Percentage of total class of Financial Products
issued/acquired/redeemed/ (calculated on the
number of Financial Products of the Class,
excluding any Treasury Stock, in existence)
1

25.81%
For an issue of Convertible Financial Products or
Options, the principal terms of Conversion (for
example the Conversion price and Conversion date
Not applicable

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

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)
Reason for issue/acquisition/redemption and
specific authority for issue/acquisition/redemption/
(the reason for change must be identified here)
The Placement and SPP together
comprise the capital raising that was
announced through NZX and ASX on 30
May 2025.

Shares were issued to Directors for the
reasons explained on pages 9 to 11 of the
notice of meeting dated 17 July 2025 that
was sent to shareholders in connection
with the annual shareholders’ meeting
held on 6 August 2025.

Shares were issued to employees in lieu
of a cash short term incentive
Total number of Financial Products of the Class
after the issue/acquisition/redemption/Conversion
(excluding Treasury Stock) and the total number of
Financial Products of the Class held as Treasury
Stock after the issue/acquisition/redemption.
1,021,510,460 Shares
In the case of an acquisition of shares, whether
those shares are to be held as treasury stock
Not applicable
Specific authority for the issue, acquisition, or
redemption, including a reference to the rule
pursuant to which the issue, acquisition, or
redemption is made
The issue of Shares under the Placement
was implemented under NZX Listing Rule
4.2.1 and was approved by the Board on
29 May 2025 and by shareholders on 6
August 2025. The outcome of the
Placement (including oversubscriptions)
was announced to NZX and ASX on 3
June 2025 with the number of Shares
subscribed for being announced to NZX
and ASX on 4 August 2025

The issue of Shares under the SPP was
implemented under NZX Listing Rule
4.3.1(c) and was approved by the Board
on 11 July 2025. The number of Shares
subscribed for under the SPP was
announced to NZX and ASX on 4 August
2025.

The issue of Shares to Directors was
implemented under NZX Listing Rule 4.2.1
and was approved by the Board on 11
July 2025 and by shareholders on 6
August 2025. Although shareholders
approved the issue of up to 1,930,000
Shares to Directors, the actual number of
Shares is less than this because of the
“net settlement” mechanism described on

Capital Change Notice

Updated as at February 2025
page 10 of the notice of meeting dated 17
July 2025.

The issue of Shares to Employees in lieu
of Cash payments for Short Term
Incentive was approved by Board
resolution dated 12 August 2025 and
Listing Rule 4.6.1
Terms or details of the issue, acquisition, or
redemption (for example: restrictions, escrow
arrangements)
Fully paid ordinary shares that rank
equally with all other ordinary shares on
the date of issue.
Date of issue/acquisition/redemption 13 August 2025
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this
announcement
Grant Gibson
Contact person for this announcement
Grant Gibson
Contact phone number
+64 275 999 943
Contact email address
grant.gibson@pelnz.com
Date of release through MAP

13 August 2025