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- Release Date: 09/03/12 13:24
- Summary: EXERCISE: KFLWB: EXERCISE OF KINGFISH WARRANTS (KFLWB) - 24 APRIL 2012
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KFL
09/03/2012 11:24
EXERCISE
REL: 1124 HRS Kingfish Limited
EXERCISE: KFLWB: EXERCISE OF KINGFISH WARRANTS (KFLWB) - 24 APRIL 2012
9 March 2012
Dear Warrant Holder
EXERCISE OF KINGFISH WARRANTS (KFLWB) - 24 APRIL 2012
As required by the NZSX Listing Rules, we advise Kingfish warrant holders as
follows.
You have a number of choices to exercise your warrants at a cost of 95 cents
each:
1. You can elect to exercise some or all of your warrants (a minimum of 500)
on 24 April 2012, [please refer to instructions below]. Future warrant
exercise dates are 24 July 2012 and 3 September 2012.
2. You can elect to not consider the exercise of any warrants until the end
of the exercise period, namely 3 September 2012, at which time you may
exercise some or all of your warrants still held.
3. You can sell all or some of your Kingfish warrants at any time on the NZSX
up until 5pm Wednesday 29 August 2012.
Any warrants not exercised by 5pm 3 September 2012 will lapse and all rights
in regard to them will expire.
What do I do if I wish to exercise my warrants?
If you wish to exercise some or all of your warrants (subject to a minimum
exercise of 500 warrants) on 24 April 2012, please complete the enclosed
exercise form. This form must be received by Computershare no later than 5pm
24 April 2012 in order to be processed for that exercise date.
Broker Handling Fee
1. On 17 December 2010, Kingfish Limited introduced a broker handling fee to
cover administration costs incurred by NZX brokers in respect of the exercise
of Kingfish warrants.
2. The broker handling fee is to be calculated at 0.4% of the total
consideration payable for warrants exercised by those holders who are
identified as clients of an NZX broker and will be payable by Kingfish
Limited.
3. Please refer to note 5 of the enclosed form for further details.
Yours sincerely
On behalf of the Board,
Ben Doshi
Chief Financial Officer
Kingfish Limited
End CA:00220542 For:KFL Type:EXERCISE Time:2012-03-09 11:24:41
