Barramundi Limited (Barramundi) is offering a pro rata offer of warrants to shareholders in order to raise capital and increase the size of their portfolio.
On the record date, shareholders will be issued one warrant for every four shares held.
The warrants will be quoted on the NZX Main Board from 17 May 2022 and each gives shareholders the right to subscribe for one additional ordinary share in Barramundi on the exercise date, 26 May 2023.
The exercise price of the warrants will be $0.89 less any dividends declared with a record date prior to the announcement of the final exercise price.
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