KFL
11/11/2015 09:43
GENERAL
NOT PRICE SENSITIVE
REL: 0943 HRS Kingfish Limited
GENERAL: KFL: Successful Kingfish Warrant Issue (KFLWC)
SUCCESSFUL KINGFISH WARRANT ISSUE (KFLWC)
On 6 November 2015, Kingfish warrant holders had the right to convert their
warrants into ordinary Kingfish shares at an exercise price of $1.18 per
warrant. On the same day, Kingfish shares were trading on-market at $1.25, a
5.9% premium to the exercise price.
Warrant holders took advantage of this discount, with 24,062,986 warrants out
of a possible 30,448,940 warrants (79%) being converted into Kingfish
ordinary shares.
The new shares were allotted to warrant holders on 10 November 2015 and will
be quoted on the NZX Main Board from 11 November 2015. All new shares have
the same rights as current Kingfish shares, including participating in the
company's quarterly dividend policy.
The remaining 6,385,954 warrants which were not exercised have now lapsed,
and all rights in regards to them have now expired.
This has been Kingfish's most successful warrant issue, with a significantly
larger uptake in Kingfish shares compared to Kingfish's two previous warrant
issues.
The additional funds will be invested in Kingfish's current investment
portfolio of stocks, in similar proportions to the existing portfolio.
End CA:00273185 For:KFL Type:GENERAL Time:2015-11-11 09:43:21
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