15 September 2022
DIVIDEND REINVESTMENT PLAN PRICE DETERMINED
Barramundi Limited (Barramundi) advises that the share price used to calculate entitlements under the Dividend Reinvestment Plan (the DRP) has been set at $0.7560.
This is the volume weighted average price of all Barramundi shares traded on the NZX Main Board during the five trading days from and including the ex-dividend date (being 7 September 2022), less a 3.0% discount.
The new shares will be issued on the dividend payment date (being 23 September 2022) to those shareholders who have elected to participate in the DRP.
Ends
Contact
Corporate Manager
Barramundi Limited
Tel +64 9 489 7074
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Goldman Sach analysts have a 12-month target price of A$2.85 ($3.14).
An investment firm bought the stake, which included 116,145 hectares of forestry.
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