PGG Wrightson Limited (“PGW”) - Trading Halt Application

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:
Tuesday, 14 October 2025
Subject
: PGG Wrightson Limited (“PGW”) Trading Halt of Securities


Message
:
Further to the announcement at 1:28pm on 14 October 2025 regarding the trading halt of PGW,
attached is the trading halt application for further information.

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

ENDS

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PGG Wrightson Limited
1 Robin Mann Place, Christchurch
Airport, Christchurch 8053
PO Box 292, Christchurch 8140
New Zealand
Telephone 0800 10 22 76
www.pggwrightson.co.nz


14 October 2025


NZ RegCo
11 Cable Street
Wellington
New Zealand

By email: issuer@nzregco.com
Request for trading halt: PGG Wrightson Limited (NZX Code: PGW)
We request a trading halt be applied to our quoted ordinary shares (PGW) 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 immediately.
Reasons for trading halt, including impact of event on fair orderly or transparent markets: At
today’s annual meeting of shareholders, shareholders voted against the re-election of
independent chair, Garry Moore, and independent deputy chair, Sarah Brown. A third director,
Meng Foon did not stand for re-election. Accordingly, the board now comprises only three
directors and does not currently meet the NZX Listing Rule requirements to have at least two
directors ordinarily resident in New Zealand, nor does it have the minimum four directors required
under PGW’s constitution. The company is considering the implications of this and seeking
specialist legal advice and arrangements to appoint additional directors. Pending working
through these matters the company wishes to maintain an orderly market, as two of its largest
shareholders voted against the re-elections without outlining reasons for doing so.
How long we want the trading halt to last and why: The earlier of two business days, or when a
further market announcement is made regarding the appointment of additional directors to
rectify these governance compliance requirements.
The event we expect to happen that will end the trading halt: When additional director
appointments have been made with relevant announcement to the market.
Other information necessary to inform the market about the trading halt or that NZ RegCo
has requested: Not applicable.
We confirm that we are not aware of any reason why the trading halt should not be granted.
Yours sincerely


Julian Daly
Company Secretary
PGG Wrightson Limited