Precinct Properties completes share purchase plan, raises capital

Precinct Properties Group has issued 33,203,287 new stapled securities at NZD $1.2047 per security, raising capital via a share purchase plan. The proceeds are intended to initially repay bank debt and subsequently fund development working capital requirements. This capital change represents a 1.82471127% increase in the total class of financial products.

The share purchase plan was originally announced on October 13, 2025, with the results, including accepted oversubscriptions, announced on November 3, 2025. Following this issuance, the total number of Precinct Properties' stapled securities stands at 1,852,849,352, with no shares held as Treasury Stock. The new stapled securities rank equally with all other fully paid stapled securities.

The issuance was authorized by a Board resolution dated October 12, 2025, and a directors' certificate of the same date, under NZX Listing Rule 4.3, as modified by a waiver from NZX RegCo granted on April 18, 2023. Richard Hilder is the contact person for this announcement.