New Warrant Issue for Barramundi

30 June 2025

New Warrant Issue for Barramundi

The directors of Barramundi Limited (Barramundi) are pleased to announce that the company will undertake a pro rata offer of warrants to shareholders.

The issue of warrants is part of Barramundi’s ongoing capital management programme and provides investors with the ability to purchase additional shares in Barramundi at a pre-determined Exercise Price. The issue of warrants also aims to increase the size of the portfolio so as to improve operational efficiency. The net proceeds from the warrant issue are expected to be used for further investment in the Barramundi portfolio.

On the record date, eligible Barramundi shareholders will be issued one warrant for every four shares held. The record date for the issue is 6 August 2025 and the warrants are expected to be allotted on 7 August 2025.

Each warrant gives shareholders the right, but not the obligation, to subscribe for one additional ordinary share in Barramundi on the exercise date. The exercise date is 7 August 2026.

The exercise price will be $0.70 less any dividends declared (and the impact of any capital structure changes, per clause 28 of the Warrant Terms Offer Document) with a record date during the period commencing on the date of allotment of the warrants and up to the announcement of the final exercise price. The final exercise price will be calculated and advised to warrant holders at least six weeks before the exercise date.

The warrants are expected to be quoted on the NZX Main Board from 8 August 2025 under the issuer code BRMWI.


Contact
Wayne Burns
Corporate Manager
Barramundi Limited

Announcement PDF