BRM – Issue of Securities – 31 May 2023

Capital Change Notice

BRM – Notice of issue of securities





Section 1: Issuer information
Name of issuer Barramundi Limited
NZX ticker code BRM
Class of financial product Ordinary shares
ISIN (If unknown, check on NZX website) NZBRME0001S2
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 77,531
Nominal value (if any) One ordinary share was issued for each
BRMWG warrant exercised on or before the
exercise date of 26 May 2023, for an exercise
price of $0.83 per warrant.

Issue/Acquisition/redemption price per security $ 0.83
Nature of the payment (for example, cash or other consideration) Cash
Amount paid up (if not in full) Fully paid
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


0.0283%
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)
One share issued for each BRMWG warrant
exercised on or before the exercise date of 26
May 2023, for an exercise price of $0.83 per
warrant.

77,531 warrants have been converted into
77,531 ordinary shares.

All new ordinary shares issued upon exercise
of the warrants rank equally with all existing
BRM ordinary shares on issue.

Reason for issue/acquisition/redemption and specific authority for
issue/acquisition/redemption/ (the reason for change must be identified
here)
Shares issued upon exercise of warrants.
Exercise date 26 May 2023.

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.
274,025,530 (excluding treasury stock of nil)
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)
One ordinary share issued for each BRMWG
warrant exercised on or before the exercise
date of 26 May 2023, for an exercise price of
$0.83 per warrant.
Date of issue/acquisition/redemption
2
31/05/23

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 31/05/23