BRM
19/05/2015 10:16
LISTING
PRICE SENSITIVE
REL: 1016 HRS Barramundi Limited
LISTING: BRM: New Warrant Issue for Barramundi
The Directors of Barramundi Limited ("the Company" or "Barramundi") are
pleased to announce that the Company will undertake a pro rata issue of
warrants to shareholders.
At the record date, Barramundi shareholders will be allotted one warrant for
every four shares held. The record date for the issue is 3 June 2015 and the
warrants are expected to be allotted on 4 June 2015.
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 6 May 2016.
The exercise price will be $0.68 less any dividends declared during the
period up to the exercise date. The final exercise price will be calculated
before the exercise date, and the Company will advise warrant holders at
least 20 days before the exercise date.
The warrants are expected to be quoted on the Main Board of NZX from 5 June
2015 under the issuer code BRMWC.
The Board believes the issue of new warrants will put Barramundi in a better
position to grow, improve liquidity, operate efficiently and pursue other
capital structure initiatives as appropriate.
End CA:00264474 For:BRM Type:LISTING Time:2015-05-19 10:16:33
