Please see attached a notice pertaining to the conversion of 180,000 unquoted warrants in Black Pearl Group Limited (NZX:BPG) (Warrants) in accordance with the Warrant Terms of Issue. A total of 2,320,000 Warrants remains to be converted.
Each Warrant can be exercised at any point on or before the expiry date, being 25 May 2028, at an exercise price of $0.01 per Warrant. Each Warrant converts to one ordinary share in BPG (Share) upon exercise.
A ‘gold standard’ approach and siloed structure slow the ComCom down.
Economists expect NZ GDP to shrink 0.3% in the June quarter after March growth.
The S&P/NZX 50 Index closed down 0.05% or 6.5 points.
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