Barramundi announces pro rata warrant offer to shareholders

Barramundi Limited announced a pro rata warrant offer to shareholders. Eligible shareholders will receive one warrant for every four shares held, with the record date for the issue set for 6 August 2025, and warrants expected to be allotted on 7 August 2025. These warrants, expected to be quoted on the NZX Main Board from 8 August 2025 under the code BRMWI, grant shareholders the right, but not the obligation, to subscribe for one additional ordinary share in Barramundi on the exercise date of 7 August 2026. The exercise price will be USD 0.70 less any dividends declared, adjusted for potential capital structure changes, with the final exercise price to be calculated and communicated to warrant holders at least six weeks before the exercise date. Proceeds from the warrant issue will be used for further investment in the company's portfolio, aiming to enhance operational efficiency and grow the portfolio size.