TradeWindow completes $1 million placement

Template
Corporate Action Notice
(Other than for a Distribution)
Updated January 2024
Page 1 of 3
[NOTE: This form must be used by an Issuer to notify the market of a corporate action other than a distribution (for
example: a Rights issue, Accelerated Offer, bonus issue, Placement or Share Purchase Plan).
There are different times when this form must be released via the Market Announcement Platform (MAP) depending
on the type of action.
This form must be submitted to NZX for release through MAP:
• in compliance with Listing Rule 4.17.6 or 4.17.7 for a Rights issue or Accelerated Offer;
• in compliance with Listing Rule 4.17.8 for a Share Purchase Plan; and
• in compliance with Listing Rule 4.17.9 for a Placement
• in compliance with Listing Rules 3.14.1, at least 5 Business Days prior to the Record Date for other types of
corporate action.]
Section 1: Issuer information (mandatory)
Name of issuer Trade Window Holdings Limited
Class of Financial Product Ordinary shares
NZX ticker code TWL
ISIN (If unknown, check on NZX
website)
NZTWLE0004S0
Name of Registry Computershare Investor Services Limited
Type of corporate action
(Please mark with an X in the relevant
box/es)
Share Purchase
Plan/retail offer
Renounceable
Rights issue or
Accelerated
Offer

Capital
reconstruction
Non-
Renounceable
Rights issue or
Accelerated
Offer

Call Bonus issue
Placement X
Record date 23/09/2025
Ex Date (one business day before the
Record Date)
22/09/2025
Currency NZD
External approvals required before offer
can proceed on an unconditional basis?
No
Details of approvals required N/A

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Section 7: Placement
(delete full section if not applicable, or mark rows as N/A if not applicable)*
Number of Equity Securities to be
issued
Up to 5,438,196 ordinary shares.
Issue price per Equity Security NZ$0.19
Maximum dollar amount of Equity
Securities to be issued
1

TWL intends to issue up to NZ$1.03 million of ordinary
shares under the Placement, with the ability to accept
oversubscriptions at TWL's absolute discretion. Shares
are issued in accordance with NZX Listing Rule 4.5.
Proposed issue date 24/09/2025
Existing holders eligible to
participate
2

Yes
Related Parties eligible to
participate
3

Yes
Basis upon which participation by
existing Equity Security holders will
be determined
Eligible wholesale and institutional investors invited by
TWL and the Lead Manager.
Purpose(s) for which the Issuer is
issuing the Equity Securities
TWL has agreed that the funds received via the
Placement will be applied as follows:
• to improve TWL's working capital;
• to allow TWL to invest and grow in the Australian
market;
• to support existing software solutions;
• to accelerate the development of new software
solutions;
• to support an application for a foreign exempt listing
on the ASX; and
• to pay expenses incurred with the mandate engaged
with the Lead Manager pursuant to the Placement.
Reason for placement rather than a
pro-rata rights issue or an offer
under a Share Purchase Plan in
which the Issuer’s existing Equity
Security holders would have been
eligible to participate
TWL considers a placement to be in the best interests of
TWL and its existing shareholders, as the placement will
allow TWL to access a broader pool of potential investors
giving greater certainty around the achievement of the
targeted raising size and more favourable pricing for TWL.
Equity Securities to be issued
subject to voluntary escrow
No

1

Where the issue price per Equity Security is not fixed, and the number of Equity Securities to be issued is not known, the Issuer
should instead indicate the maximum dollar amount of Equity Securities to be issued.
2
Issuers should answer Y if existing shareholders are eligible to participate even if their participation is subject to satisfaction of
eligibility criteria applying to the placement generally, such as the offer only being made to investors in certain jurisdictions or with a
certain status, such as wholesale, sophisticated or professional investors only.
3
Issuers should answer Y if there are no restrictions on participation by Related Parties as a result of their status as Related Parties
(i.e. restrictions on participation applying to the placement generally should be disregarded).

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Number and class of Equity
Securities to be issued that will be
subject to voluntary escrow and the
date from which they will cease to
be escrowed
N/A
Section 8: Lead Manager and Underwriter (mandatory)
Lead Manager(s) appointed Yes
Name of Lead Manager(s) Gerald Andrew McDouall
Fees, commission or other
consideration payable to Lead
Manager(s) for acting as lead
manager(s)
TWL has agreed to pay the Lead Manager the
following fees in connection with its services provided
in respect of the Placement:
• a success fee at the rate of 6% of the value of
funds raised for subscription in ordinary shares to
be issued by TWL.

The Lead Manager may also opt to take all or part of
its fees as ordinary shares issued by TWL at the same
pricing as those provided under the Placement.
Underwritten No
Name of Underwriter(s) N/A
Extent of underwriting (i.e. amount
or proportion of the offer that is
underwritten)
N/A
Fees, commission or other
consideration payable to
Underwriter(s) for acting as
underwriter(s)
N/A
Summary of significant events that
could lead to the underwriting
being terminated
N/A
Section 9: Authority for this announcement (mandatory)
Name of person authorised to make this
announcement
Andrew Balgarnie, Chief Strategy Officer
Contact person for this announcement Andrew Balgarnie
Contact phone number +64 27 559 4133
Contact email address andrew@tradewindow.io
Date of release through MAP 24 /09/2025


* Please do not delete individual rows. Full sections can be deleted if the section relates to a different type of
corporate action
** Please note that in NZX’s systems, standard rounding indicates 0.5 and above round up, below 0.5 round down.
Please contact NZX if you are intending to treat fractions differently.