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Kingfish Limited — Capital/Financing Update 2017
May 10, 2017
66218_rns_2017-05-10_0a9d26c1-8922-4689-8ba5-9663d472781a.pdf
Capital/Financing Update
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10 May 2017
SUCCESSFUL KINGFISH WARRANT ISSUE (KFLWD)
On 5 May 2017, Kingfish warrant holders had the right to convert their warrants into ordinary Kingfish shares at an exercise price of $1.21 per warrant. On the same day, Kingfish shares were trading onmarket at $1.32, a 9.1% premium to the exercise price.
Warrant holders took advantage of this discount, with 29,106,763 warrants out of a possible 38,176,653 warrants (76%) being converted into Kingfish ordinary shares.
The new shares were allotted to warrant holders on 9 May 2017. All new shares have the same rights as current Kingfish shares, including participating in the company’s quarterly dividend policy.
The remaining 9,069,890 warrants which were not exercised have now lapsed, and all rights in regards to them have now expired.
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For further information please contact: Glenn Ashwell Corporate Manager, Kingfish
09 484 0345 [email protected]