BROKER HANDLING FEE ON KINGFISH WARRANTS
GENERAL
Fri, Oct 07 2022 09:18 am
7 October 2022
BROKER HANDLING FEE ON KINGFISH WARRANTS
Kingfish Limited (“Kingfish” or “the company”) would like to advise brokers that it offers a broker handling fee in respect of the exercise of Kingfish warrants (“KFLWG”).
The exercise date is 18 November 2022, and the exercise price is $1.90.
Kingfish recognises there is an administration cost and time involved in the warrant exercise process for brokers and, as such, pays brokers 0.4% of the total consideration payable for warrants exercised per beneficial holder.
The company would also like to remind brokers that it has a long-term quarterly dividend policy whereby it pays 2% of average net asset value each quarter. All shares allotted upon the exercise of warrants on 23 November 2022 will be eligible for all future dividend payments, from December 2022 onwards.
Yours sincerely
On behalf of the Board,
Wayne Burns
Corporate Manager
Kingfish Limited
Announcement PDF
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