BRM – Issue of Securities – 16 May 2022

Capital Change Notice

BRM – Notice of issue of securities





Section 1: Issuer information
Name of issuer Barramundi Limited
NZX ticker code BRMWG
Class of financial product Warrants
ISIN (If unknown, check on NZX website) NZBRME0020S2
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed
66,682,342
Nominal value (if any) Warrants were issued on the basis of one
warrant for every four shares held at record
date.
Warrants were issued for nil consideration.

Issue/Acquisition/redemption price per security Warrants were issued for nil consideration.

Nature of the payment (for example, cash or other consideration) Not applicable
Amount paid up (if not in full) Not applicable
Percentage of total class of Financial Products
issued/acquired/redeemed/ (calculated on the number of Financial
Products of the Class, excluding any Treasury Stock, in existence)
1


100%
For an issue of Convertible Financial Products or Options, the principal
terms of Conversion (for example the Conversion price and Conversion
date and the ranking of the Financial Product in relation to other
Classes of Financial Product) or the Option (for example, the exercise
price and exercise date)
Exercise price $0.89 per warrant to be
adjusted down for the aggregate amount per
Share of any cash dividends declared on the
Shares with a record date during the period
commencing on the date of allotment of the
Warrants and ending on the last Business Day
before the final Exercise Price is announced by
Barramundi Limited.

Reason for issue/acquisition/redemption and specific authority for
issue/acquisition/redemption/ (the reason for change must be identified
here)
Pro rata issue to shareholders which the Board
believes will put Barramundi in a better
position to benefit from growth and operate
efficiently.

Total number of Financial Products of the Class after the
issue/acquisition/redemption/Conversion (excluding Treasury Stock)
and the total number of Financial Products of the Class held as
Treasury Stock after the issue/acquisition/redemption.
66,682,342
In the case of an acquisition of shares, whether those shares are to be
held as treasury stock
n/a
Specific authority for the issue, acquisition, or redemption, including a
reference to the rule pursuant to which the issue, acquisition, or
redemption is made
Director resolution
Terms or details of the issue, acquisition, or redemption (for example:
restrictions, escrow arrangements)
Each warrant entitles the holder to subscribe
for one Barramundi ordinary share at the
exercise price by 5.00pm (New Zealand time)
on 26 May 2023

Date of issue/acquisition/redemption
2
16/05/2022

1
The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.
2
Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant
issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).

Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement Wayne Burns
Contact person for this announcement Wayne Burns
Contact phone number 09 484 0352
Contact email address wayne@fisherfunds.co.nz
Date of release through MAP 16/05/2022