SkyCity Entertainment Group Limited (“SKC”) – Trading Halt

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:
Thursday, 21 August 2025
Subject
: SkyCity Entertainment Group Limited (“SKC”) – Trading Halt of Securities


Message
:
NZ RegCo has approved a trading halt application from SkyCity Entertainment Group Limited
(“SKC”). Trading in SKC equity and SKC050 debt securities was halted from pre-market open
on 21 August 2025.

SKC’s trading halt application is attached.

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

ENDS

---

100688792/3457-1765-4332.1

SkyCity Entertainment Group Limited
(SKC.NZX/SKC.ASX)


Request for Trading Halt: SkyCity Entertainment Group Limited
SkyCity Entertainment Group Limited’s (SkyCity) ordinary shares (ISIN: NZSKCE0001S2) and
corporate bonds (ISIN: NZSKCDT001C7) were placed in trading halt by ASX and NZX on 19
August 2025 upon request by SkyCity (Existing Halt), pending a material announcement
regarding a capital raise being made by SkyCity, together with release of SkyCity’s financial
results for the period ended 30 June 2025 (FY25 Results). In accordance with SkyCity’s
request, the Existing Halt will end at the opening of trading today, 21 August 2025. As noted
in the Existing Halt request, SkyCity is now in a position to announce the capital raise and
release its FY25 Results and accordingly requests a trading halt for one further trading day
be applied to SkyCity’s ordinary shares (ISIN: NZSKCE0001S2) and corporate bonds (ISIN:
NZSKCDT001C7) under ASX Listing Rule 17.1 and NZX Listing Rule 9.9.1(a). SkyCity sets out
below the details of the request as per the rules of each of ASX and NZX.
We would like the trading halt to commence prior to the commencement of trading on
Thursday, 21 August 2025 and be lifted at the opening of trading on the NZX on Friday, 22
August 2025 following an announcement regarding the outcome of the institutional
component of the capital raising discussed below.
Reasons for Trading Halt:
SkyCity is proposing to raise NZ$240 million of new capital by way of an approximately
NZ$81 million placement (Placement) to be conducted by Macquarie Capital (New Zealand)
Limited, Jarden Securities Limited and UBS New Zealand Limited (UBS) (the Joint Lead
Managers), together with a 1 for 3.35 accelerated non-renounceable entitlement offer
(ANREO) to raise approximately NZ$159 million. The Placement and ANREO are fully
underwritten by Macquarie Securities (NZ) Limited, Jarden Partners Limited and UBS (the
Underwriters).
SkyCity considers that a trading halt is desirable to enable the Joint Lead Managers and
SkyCity to conduct the Placement and the institutional entitlement offer component of the
ANREO (the Institutional Entitlement Offer) and determine the allocation of shares. SkyCity
considers that, but for the trading halt, the Placement and the Institutional Entitlement
Offer process would impact a fair, orderly or transparent market as information about the
Placement, the Institutional Entitlement Offer or take up by investors may be known by
some market participants and not others, so the market would not be trading on a fully
informed basis.
21 August 2025
NZX Regulation Limited (NZ RegCo)
Level 1, NZX Centre
11 Cable Street
Wellington 6011
New Zealand
issuer@nzregco.com

ASX Limited
20 Bridge Street
Sydney
New South Wales 2000
Australia

tradinghaltssydney@asx.com.au

100688792/3457-1765-4332.1 2
As soon as the Placement and Institutional Entitlement Offer and the allocation of shares is
completed, SkyCity will be in a position to release details of the results of the Placement and
Institutional Entitlement Offer to the market. SkyCity believes that such information will be
price sensitive.
How long we want the trading halt to last:
We would like the trading halt to last one trading day on both the NZX and the ASX.
The event we expect to happen that will end the trading halt:
We expect the trading halt to end once we are in a position to announce the outcome of
the Placement and Institutional Entitlement Offer . We expect this to occur before market
open on the NZX on Friday 22 August 2025.
We confirm that we are not aware of any reason why the trading halt should not be
granted.
Please contact me if you have any concerns or queries. Alternatively, you can contact Rachel
Dunne at Chapman Tripp (+64 27 553 4924 / rachel.dunne@chapmantripp.com).
Yours sincerely
Phil Leightley,
General Counsel & Company Secretary
SkyCity Entertainment Group Limited