BRM - Notice of issue of securities - 7 August 2025
07/08/2025 09:05 NZST, OFFER
Section 1: Issuer information
Name of issuer Barramundi Limited
NZX ticker code BRMWI
Class of financial product Warrants
ISIN (If unknown, check on NZX website) NZBRME0022S8
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 85,179,108
Nominal value (if any) Warrants were issued on the basis of one warrant for every four shares held at record date.
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) 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 $0.70 per warrant to be adjusted down for the aggregate amount per Share of any cash dividends declared on the Shares (and any other capital structure changes, per clause 28 of the Warrant Terms Offer Document) with a record date during the period commencing on the date of allotment of the Warrants (07 August 2025) and ending on the last Business Day before the final Exercise Price is announced by Barramundi Limited.
Exercise Date is 07 August 2026.
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 grow, operate efficiently, and pursue other capital structure initiatives as appropriate.
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. 85,179,108
In the case of an acquisition of shares, whether those shares are to be held as treasury stock Not applicable
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 07 August 2026.
Date of issue/acquisition/redemption 07/08/2025
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 07/08/2025