Barramundi Limited has announced a new warrant issue for shareholders as part of its capital management program.
The warrants will allow shareholders to purchase additional shares at a predetermined exercise price.
The proceeds from the warrant issue will be used for further investment in the company's portfolio.
Eligible shareholders will receive one warrant for every four shares held.
The warrants are expected to be allotted on October 26, 2023, and the exercise date is October 25, 2024.
The exercise price will be determined closer to the exercise date.
The warrants will be quoted on the NZX Main Board under the issuer code BRMWH.
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