Marlin Global to issue new warrants Marlin will be issuing warrants to shareholders as part of its capital management programme.
The warrants will be offered on a pro rata basis, with eligible shareholders receiving one warrant for every four shares held.
The aim of the warrant issue is to increase the size of Marlin's portfolio and improve operational efficiency.
The net proceeds from the issue will be used for further investment in the company's portfolio.
The warrants are expected to be allotted on May 16 2024, while the exercise date, which gives shareholders the right to subscribe for additional ordinary shares, is set for May 16 2025.
The exercise price will be determined closer to the exercise date.
The warrants are anticipated to be quoted on the NZX Main Board under the issuer code MLNWG from May 17 2024.
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