NOTICE PURSUANT TO REGULATION 49G(2)(e) OF THE FINANCIAL MARKETS CONDUCT REGULATIONS 2014 –
1. Channel Infrastructure NZ Limited (Channel Infrastructure) gives notice under regulation 49G(2)(e) of the Financial Markets Conduct Regulations 2014 (FMC Regulations) that it proposes to make an offer for the issue of unsecured, unsubordinated bonds (Bonds), on the terms set out in Channel Infrastructure’s Product Disclosure Statement, dated 28 April 2022 (Offer).
2. Short-form disclosure is being used for the offer of the Bonds, as the Bonds rank in priority to Channel Infrastructure’s existing shares quoted on the NZX Main Board and Channel Infrastructure’s existing subordinated notes quoted on the NZX Debt Market.
3. Channel Infrastructure’s existing shares have been continuously quoted on the NZX Main Board over the preceding three months and trading in the shares has not been suspended for a total of more than five trading days during that three-month period.
4. Channel Infrastructure’s existing subordinated notes have been continuously quoted on the NZX Debt Market over the preceding three months and trading in the subordinated notes has not been suspended for a total of more than five trading days during that three-month period.
5. As at the date of this notice:
(a) Channel Infrastructure is in compliance with the continuous disclosure obligations that apply to it in relation to its existing shares and subordinated notes;
(b) Channel Infrastructure is in compliance with its financial reporting obligations (as defined in regulation 49H(7) of the FMC Regulations); and
(c) there is no information that is “excluded information” required to be disclosed for the purposes of regulation 49H(2)(e) of the FMC Regulations.
On behalf of Channel Infrastructure NZ Limited
Simon Allen
Director
ENDS
Authorised by:
Chris Bougen
General Counsel and Company Secretary
Investor Relations contact:
Anna Bonney
[email protected]
Media contact:
Laura Malcolm
[email protected]
+64 21 02363 297
The S&P/NZX 50 Index is down 1.5% since the beginning of the year.
Pacific Edge is on a trading halt until Monday.
The downgrade comes ahead of Jan 26, when Briscoe's financial year ends.
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