Auckland, NZ – 1 February 2023. A proposal of the Board of Trade Window Holdings Ltd (TradeWindow) to raise up to NZ$20 million via a capital raise (“Share Offer“) received the strong backing of shareholders at an online Special Meeting yesterday afternoon. The approval of the Share Offer was necessary because, under the Offer, TradeWindow will potentially be issuing shares in excess of the 15% placement capacity available to it under the NZX Listing Rules.

99.93% of the shareholder votes were in favour of the proposal with just 0.07% of votes against the proposal. The total vote represented more than two-thirds (67.05%) of issued capital.

TradeWindow Chair Alasdair MacLeod said the strong endorsement to proceed with the capital raising up to $NZ20 million was very pleasing as the capital raising is essential for the company’s ongoing growth and success. The proceeds will be used to build the global trade platform, and drive organic growth and a path to profitability.

“This delivers the clear mandate we were seeking to raise capital up to $NZ20 million to drive growth, scale and profitability and maintain TradeWindow’s recent momentum,” he says.

In the past 10 days, TradeWindow confirmed an agreement with major meat exporter Silver Fern Farms to adopt the TradeWindow Cube global trade platform and gained approval from the Australian Department of Foreign Affairs and Trade (DFAT) to issue Certificates of Origin under two key trade agreements in Australia.

The offer price for fully paid shares is 45 cents per share.

The Share Offer is open to both existing shareholders in TradeWindow and new investors, in each case who are resident in New Zealand, and to wholesale investors in Australia, the Territory of the Wallis and Futuna Islands, Hong Kong, Singapore and certain other jurisdictions, in each case in private share offers that are exempt from local prospectus or registration requirements.

TIMETABLE

*The dates are subject to change and are indicative only. TradeWindow reserves the right to alter the key dates, subject to applicable laws and NZX Listing Rules.

Further details on the offer can be found at: https://www.shareoffer.co.nz/tradewindow

For information on how to apply: Email: tradewindow@computershare.co.nz

Phone: 0800 650 034