Section 1: Issuer information
Name of issuer Barramundi Limited
NZX ticker code BRMWG
Class of financial product Warrants
ISIN (If unknown, check on NZX website) NZBRME0020S2
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 66,682,342
Nominal value (if any) Warrants were issued on the basis of one warrant for every four shares held at record date.
Warrants were issued for nil consideration.
Issue/Acquisition/redemption price per security Warrants were issued for nil consideration.
Nature of the payment (for example, cash or other consideration) Not applicable
Amount paid up (if not in full) Not applicable
Percentage of total class of Financial Products issued/acquired/redeemed/ (calculated on the number of Financial Products of the Class, excluding any Treasury Stock, in existence) 100%
For an issue of Convertible Financial Products or Options, the principal terms of Conversion (for example the Conversion price and Conversion date and the ranking of the Financial Product in relation to other Classes of Financial Product) or the Option (for example, the exercise price and exercise date)
Exercise price $0.89 per warrant to be adjusted down for the aggregate amount per Share of any cash dividends declared on the Shares with a record date during the period commencing on the date of allotment of the Warrants and ending on the last Business Day before the final Exercise Price is announced by Barramundi Limited.
Reason for issue/acquisition/redemption and specific authority for issue/acquisition/redemption/ (the reason for change must be identified here) Pro rata issue to shareholders which the Board believes will put Barramundi in a better position to benefit from growth and operate efficiently.
Total number of Financial Products of the Class after the issue/acquisition/redemption/Conversion (excluding Treasury Stock) and the total number of Financial Products of the Class held as Treasury Stock after the issue/acquisition/redemption. 66,682,342
In the case of an acquisition of shares, whether those shares are to be held as treasury stock n/a
Specific authority for the issue, acquisition, or redemption, including a reference to the rule pursuant to which the issue, acquisition, or redemption is made Director resolution
Terms or details of the issue, acquisition, or redemption (for example: restrictions, escrow arrangements) Each warrant entitles the holder to subscribe for one Barramundi ordinary share at the exercise price by 5.00pm (New Zealand time)
on 26 May 2023
Date of issue/acquisition/redemption 16/05/2022
Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement Wayne Burns
Contact person for this announcement Wayne Burns
Contact phone number 09 484 0352
Contact email address [email protected]
Date of release through MAP 16/05/2022