Kingfish Limited — Share Issue/Capital Change 2021

Mar 16, 2021

Capital Change Notice

KFL – Notice of issue of securities

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	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									KFL
	Class of financial product									Ordinary shares
	ISIN (If unknown, check on NZX website)									NZKFLE0001S0
	Currency									NZD
	Section 2: Capital change details
	Number issued/~~a~~			~~cuired~~	~~/redeemed~~					56,285,634
				~~q~~
	Nominal value (i			f any)						One ordinary share was issued for each KFLWF warrant exercised on or before the exercise date of 12 March 2021, for an exercise price of $1.51 per warrant. On 12 March 2021, the KFL ordinary shares were trading at $1.90 per share.
	Issue	~~/Acuisitio~~		~~/redemption~~price per security						$1.51
		~~q~~
	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									22.17%
	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 KFLWF warrant exercised on or before the exercise date of 12 March 2021, for an exercise price of $1.51 per warrant. 56,285,634 warrants have been converted into 56,285,634 ordinary shares. All new ordinary shares issued upon exercise of the warrants rank equally with all existing KFL ordinary shares on issue.
	price and exercise date)
	Reason for issue			~~/acquisition~~/						Shares issued upon exercise of warrants. Exercise date 12 March 2021.
	issue	/~~acuisition~~
		~~q~~
	here)
	Total									310,194,846 (excluding treasury stock of nil)
	issue	/~~acquisition~~		~~/redemption~~
	Treasury Stock after the issue						/~~acuisition~~
							~~q~~
	In the case of an acquisition of							shares, whether those shares are to be		n/a
	held as treasury stock
	Specific authority for the issue,							~~acquisition,~~or		Director resolution
	reference to the rule pursuant to which the issue,
	~~redemption~~is made
	Terms or details of the issue,					~~acquisition~~, or			~~redemption~~(for example:	One ordinary share issued for each KFLWF warrant exercised on or before the exercise date of 12 March 2021, for an exercise price of $1.51 per warrant.
	restrictions, escrow arrangements)
	Date of issue		~~/acuisition~~		/~~redemption~~2					17/03/2021
			~~q~~

1 The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.

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	17/03/2021