Barramundi has announced a pro rata offer of warrants to its shareholders.
The issue of warrants is part of the company's ongoing capital management programme and aims to provide investors with the opportunity to purchase additional shares at a pre-determined exercise price.
It also intends to increase the size of the portfolio for improved operational efficiency.
The net proceeds from the warrant issue will be used for further investment in the Barramundi portfolio.
Eligible shareholders will receive one warrant for every four shares held, with the record date set for August 6, 2025, and the warrants expected to be allotted on August 7, 2025.
Each warrant will give shareholders the right to subscribe for one additional ordinary share on the exercise date, which is August 7, 2026.
The exercise price will be $0.70 less any declared dividends, and the final exercise price will be determined and communicated to warrant holders at least six weeks before the exercise date.
The warrants are expected to be quoted on the NZX Main Board from August 8, 2025, under the issuer code BRMWI.
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