Black Pearl Group Ltd (“BPG”) – Trading Halt of Securities

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, 12 August 2025
Subject
: Black Pearl Group Limited (“BPG”) – Trading Halt of Securities


Message
:
NZ RegCo has approved a trading halt application from Black Pearl Group Limited (“BPG”).
Trading in BPG equity was halted prior to market pre-open today.

BPG’s trading halt application is attached.

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

ENDS

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Blackpearl | Level 1 60 Cuba Street
Wellington 6011 | New Zealand
hello@blackpearlgroup.com | +64 480 39390
11 August 2025
To: NZ RegCo
11 Cable Street
Wellington

By email: issuer@nzregco.com
Request for trading halt: Black Pearl Group Limited (NZX Code: BPG)
1 Black Pearl Group Limited (Blackpearl) requests a trading halt be applied to its ordinary shares (NZX: BPG)
under NZX Listing Rule 9.9.1(a).
2 Blackpearl would like the trading halt to commence from pre-market open on Tuesday, 12 August 2025.
Reasons for trading halt, including impact of event on fair orderly or transparent markets:
3 Blackpearl proposes to undertake:
3.1 off-market placements of approximately NZ$7.0 million of ordinary shares in Blackpearl (Shares)
to investors in New Zealand, Hong Kong, Singapore, the US and Australia (Placement); and
3.2 a 1 for 7.7 pro-rata accelerated non-renounceable entitlement offer to existing institutional and
retail shareholders, to raise approximately NZ$8.0 million (ANREO).
4 Shares will be offered under the Placement and ANREO at NZ$0.95 per Share. The level of demand for the
Shares will not be known until the Placement and institutional offer component of the ANREO have been
completed and consequently, the trading halt has been sought to facilitate an orderly market.
How long we want the trading halt to last and why:
5 Blackpearl requests a trading halt from pre-market open on Tuesday, 12 August 2025 until the earlier of
the time of the announcement that the Placement and the institutional offer component of the ANREO
have completed or market open (being 10.00am NZT) on Thursday, 14 August 2025.
The event we expect to happen that will end the trading halt:
6 Blackpearl expects the trading halt to end once it is in a position to announce the outcome of the
Placement and institutional offer component of the ANREO to the NZX Market.
7 Blackpearl is not aware of any other information necessary to inform the market about the trading halt or
that NZ RegCo has requested.
We confirm that we are not aware of any reason why the trading halt should not be granted.
Yours sincerely

Nicholas Lissette,
CEO and Director
Black Pearl Group Limited
For further information, please contact nick@blackpearl.com