Accordant Group - Rights Offer Outcome

11/05/2026 10:56 NZST, OFFERP

11 May 2026

Accordant Rights Offer Outcome

Accordant Group Limited (AGL) (NZX: AGL) advises that it has successfully completed its pro rata renounceable rights offer (Rights Offer). On settlement of the Rights Offer, proceeds of approximately $5 million will be received, out of the original $6.7 million sought.

The Hull Family Trust’s contribution exceeded its initial commitment, as announced on 7 May 2026. This subscription will increase the Hull Family Trust’s shareholding, resulting in it holding approximately 64.9% of AGL’s voting rights. Further, the Committed Related Party Subscription by the CEO and CFO will be taken up in full, as described in the Notice of Meeting, dated 30 March 2026.

The new shares offered are expected to be allotted and commence trading on Wednesday, 13 May 2026.

– ENDS –

Authorised by

Jason Cherrington

Group CEO

For the Board:

Simon Bennett, Chair

For further information contact Jason Cherrington +64 21 781 389.

Currency

Unless otherwise stated, all references to “$” are to the New Zealand dollar.

Not an offer of securities in the United States

This announcement has been prepared for publication in New Zealand and may not be released or distributed in the United States. This announcement does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United States or in any jurisdiction in which such an offer would be illegal. Any securities described in this announcement have not been, and will not be, registered under the U.S. Securities Act of 1933 or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold, directly or indirectly, in the United States or to any person acting for the account or benefit of any person in the United States, except in transactions exempt from, or not subject to, the registration requirements of the U.S. Securities Act of 1933 and the applicable securities laws of any state or other jurisdiction of the United States.

Attachments

  1. Accordant Group Rights Offer Outcome