1 for 10 Rights Issue

25 October 2022
NZX Limited
Level 1, NZX Centre
11 Cable Street
Wellington

NOTICE PURSUANT TO CLAUSE 20(1)(a) OF SCHEDULE 8 TO THE FINANCIAL MARKETS CONDUCT REGULATIONS 2014: ENPRISE GROUP RIGHTS ISSUE

1 Enprise Group Limited (NZX: ENS) (Enprise) has announced that it intends to raise up to NZ$1.373 million in capital (the Offer). The Offer will consist of a pro-rata 1 for 10 renounceable rights issue (Rights Issue) and may comprise a private placement of any shortfall in the Rights Issue.

2 The Offer is of fully paid ordinary shares of the same class as already quoted on the NZX Main Board of NZX Limited. The Offer will be made pursuant to NZX Main Board listing rules 4.3.1(a) and 4.4 at a price of NZD0.85 (AUD0.77) per share. Enprise is not seeking to quote the rights under the Rights Issue on NZX.

3 Pursuant to clause 20(1)(a) of Schedule 8 to the Financial Markets Conduct Regulations 2014 (FMC Regulations), and the Financial Markets Conduct Act 2013 (FMCA), Enprise states that:
3.1 Enprise is making the Offer in reliance upon the exclusion in clause 19 of Schedule 1 to the FMCA and is giving this notice under clause 20(1)(a) of Schedule 8 to the FMC Regulations.
3.2 As at the date of this notice, Enprise is in compliance with the continuous disclosure obligations that apply to it in relation to ordinary shares in Enprise, and there is no information that is “excluded information” as defined in clause 20(5) of Schedule 8 to the FMC Regulations.
3.3 As at the date of the notice, Enprise is in compliance with its financial reporting obligations.

4 The Offer is not expected to have any material effect or consequence on the control of Enprise.
Yours faithfully

Elliot Cooper
Chief Executive
Enprise Group Limited

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Announcement PDF