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- Release Date: 29/11/12 17:53
- Summary: GENERAL: BRM: Barramundi low ball offer alert
- Price Sensitive: No
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BRM
29/11/2012 15:53
GENERAL
REL: 1553 HRS Barramundi Limited
GENERAL: BRM: Barramundi low ball offer alert
For immediate release:
29 November 2012
BARRAMUNDI LOW BALL OFFER ALERT
Barramundi Limited has today become aware that shareholders have received an
offer from Stock & Share Trading Company Pty Limited to buy their shares at
40 cents each.
The offered price of 40 cents is 29 cents or 42% lower than the current share
price of 69 cents as at 28 November 2012.
The Financial Markets Authority (FMA) has released warnings about Stock &
Share Trading Company Pty Limited and low ball offers in general, this
warning can be viewed at www.fma.govt.nz/keep-updated under warnings and
alerts.
If you have received an unexpected offer to buy your shares, Barramundi
strongly encourages shareholders to take guidance from the FMA, remain
vigilant to any such offer and seek independent advice from an appropriately
qualified financial adviser. You can check www.nzx.com for the latest share
price and this information is also published in most major daily newspapers.
If you have any questions about this letter, please ring the Barramundi
Corporate Office on (09) 489 7074.
We thank you for your continued support of the company.
Yours sincerely,
ALISTAIR RYAN
Chairman
End CA:00230433 For:BRM Type:GENERAL Time:2012-11-29 15:53:47
