Kingfish Limited — Share Issue/Capital Change 2020

Mar 8, 2020

Capital Change Notice

KFL – Notice of issue of securities

==> picture [112 x 61] intentionally omitted <==

	Section 1: Issuer information	Section 1: Issuer information	Section 1: Issuer information	Section 1: Issuer information	Section 1: Issuer information	Section 1: Issuer information	Section 1: Issuer information	Section 1: Issuer information	Section 1: Issuer information	Section 1: Issuer information	Section 1: Issuer information
	Name of issuer											Kingfish Limited
	NZX ticker code											KFLWF
	Class of financial product											Warrants
	ISIN (If unknown, check on NZX website)											NZKFLE0010S1
	Currency											NZD
	Section 2: Capital change details
	Number issued/					~~acuired~~		~~/redeemed~~				61,578,083
						~~q~~
	Nominal value (if						any)					Warrants were issued on the basis of one warrant for every four shares held at record date.
	Issu~~e~~	~~/Acuisition~~					~~/redemption~~price per security					Warrants were issued for nil consideration.
		~~q~~
	Nature of the payment (for example, cash or other consideration)											n/a
	Amount paid up (if not in full)											n/a
	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)											$1.64 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 Kingfish By 5:00pm (New Zealand time).
	Reason for issue						/~~acuisition/~~					Pro rata issue to shareholders which the Board believes will put Kingfish in a better position to grow, operate efficiently and pursue other capital structure initiatives as appropriate. Directors resolution.
							~~q~~
	for issue		~~acuisition~~
			~~q~~
	identified here)
	Total											61,578,083
	issue	/~~acquisition/~~					~~redemtion~~
							~~p~~
	held as Treasury Stock after the issue										~~acuisition~~
											~~q~~
	In the case of an acquisition of									shares, whether those shares are		n/a
	to be held as treasury stock
	Specific authority for the issue,									~~acquisition~~, or		Director resolution
	including a reference to the rule pursuant to
	~~acquisition,~~or				~~redemption~~is made
	Terms or details of the issue,								~~acquisition,~~or			Each warrant entitles the holder to subscribe for one Kingfish ordinary share at the exercise price by 5.00pm (New Zealand time) on 12 March 2021
	example: restrictions, escrow
	Date of issue			~~acuisition~~				~~/redemption~~2				09/03/2020
				~~q~~

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	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	[09/03/2020]