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Black Pearl Group share purchase plan

Black Pearl Group (NZX:BPL) has announced a share purchase plan as part of its $4 million NZD capital raise, and you can apply to take part through Sharesies!

Offer summary

  • $0.51 NZDPer share offer price.

  • 7 Nov ‘23Last day to apply through Sharesies.

Through Black Pearl Groupʻs share purchase plan, you have the opportunity to buy new BPG shares at the offer price of $0.51 NZD per share—there’s no cap on the amount you can apply for.

The offer price represents a 13.5% discount to the five-day volume-weighted average price (VWAP) per share up to, and including, 6 October 2023. (VWAP is the average price an investment has traded at, weighted by the total volume traded, over a given time period.)

Black Pearl Group plans to use the money it raises toward its sales and marketing, development of new product features, and for general working capital.

To learn more, check out:

A share purchase plan is a way for a company to raise capital (cash). It gives investors the opportunity to buy more shares in the company at a set price. Sometimes, there’s a cap on the total amount each investor can apply for through the offer.

Learn more about Black Pearl Group

In this Sharesies special episode, Black Pearl Group CEO Nick Lissette chats with Sharesies GM of Company Partnerships Susannah Batley about the company’s story, its revenue model, and plans for the money it’s raising.

How to take part

If you want to take part in Black Pearl Group’s share purchase plan through Sharesies, you’ll need to submit your application before 3 PM Tuesday 7 November 2023.

Here’s how to apply: 

  1. Go to Black Pearl Group in your Portfolio, select Buy, and choose Apply for share purchase plan. 

  2. Read and accept the terms and conditions.

  3. Confirm the total dollar amount of BPG shares that you want to apply for (you’ll need to have enough money in your Wallet at the time that you apply).

After you apply

You can review, change, or cancel your application up until 3 PM Tuesday 7 November 2023 by going to Black Pearl Group in your Portfolio.

If your application is successful, you’ll see a pending buy in your Portfolio after Tuesday 7 November 2023. BPG plans to allocate the new shares on Tuesday 14 November 2023.

Some need-to-knows

You need to be located (or have a registered address) in New Zealand to take part. You can’t take part if you’re based outside of New Zealand, or acting on behalf of a person based outside New Zealand.

If more people apply for shares than there are shares available, your application might be scaled. This means you may end up getting fewer shares than the amount you applied for. If this offer is scaled, priority will be given to existing BPG shareholders.

You won’t be charged Sharesies transaction fees to take part in the offer. If you have to convert currency as part of your application, you’ll need to pay a currency exchange fee.

If you’ve applied to take part in the share purchase plan through Sharesies, you can’t apply to take part through any other means.

You’ll need to have enough money in your Wallet at the time that you apply.

Key dates



Applications for the share purchase plan open on Sharesies

Thursday 19 October 2023

Applications for the share purchase plan close on Sharesies

3 PM Tuesday 7 November 2023

Black Pearl Group expected to allocate new shares

Tuesday 14 November 2023

Before taking part

All investing involves risk—you aren’t guaranteed to make money, and you might lose the money you start with.

We encourage you to do your due diligence, consider the risks involved, and speak to a licensed financial advice provider if you need help deciding whether to take part.

Legal bit

Sharesies is not responsible for the offer and Sharesies can’t offer any financial advice on whether or not you should take part in this offer.
When taking part through Sharesies, the Sharesies General Terms and Conditions apply (with necessary changes to accommodate this rights offer) and the definition of shares extends to rights. Fees may apply for use of the platform provided by Sharesies Limited. Sharesies will be paid a fee from Black Pearl Group for distributing this offer to Sharesies investors. 
The information provided is not financial advice and has been prepared without taking into account your objectives, financial situation, or needs. Speak to a licensed financial advice provider for advice specific to your circumstances.