Kingfish has announced a pro rata offer of warrants to its shareholders.
The company said the offer aims to raise capital as part of its ongoing capital management programme and 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 and improve operational efficiency.
The net proceeds of the offer will be used for further investment in the Kingfish portfolio.
Shareholders will be issued one warrant for every four shares held, with the record date for the issue set for April 30, 2025.
The warrants are expected to be quoted on the NZX Main Board from May 2, 2025.
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