Precinct Properties completes capital raise, issues over 231m new securities

Precinct Properties Group has issued 231,707,317 new stapled securities at $1.23 per security, raising capital to initially repay bank debt and subsequently fund development working capital requirements. This capital change represents 14.59% of the total class of financial products. The new stapled securities rank equally with all other fully paid stapled securities.

The placement was conducted under a board resolution and a directors' certificate both dated October 12, 2025, pursuant to NZX listing Rule 4.5. Final allocation decisions were made by PCT, informed by input and advice from the joint lead managers, and aimed to maximize existing shareholder participation and strengthen the share register.

Following the issue, the total number of financial products of the class now stands at 1,819,646,065. The announcement of the placement results occurred on October 14, 2025, with the date of issue and release through MAP on October 17, 2025.