- Release Date: 19/05/15 10:16
- Summary: LISTING: BRM: New Warrant Issue for Barramundi
- Price Sensitive: No
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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
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- Ann: LISTING: BRM: New Warrant Issue for Barramundi
Ann: LISTING: BRM: New Warrant Issue for Barramundi
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