New Warrant Issue for Kingfish

Kingfish Limited
Phone +64 9 489 7094
Fax +64 9 489 7139
Private Bag 93502, Takapuna
Auckland, New Zealand



5 February 2020

New Warrant Issue for Kingfish

The directors of Kingfish Limited (“Kingfish”) are pleased to announce that the company will
undertake a pro rata offer of warrants to shareholders.
The purpose of the offer is to raise capital as part of Kingfish’s ongoing capital management
programme and provide investors the ability to purchase additional shares in Kingfish at a pre-
determined Exercise Price. The offer also aims to increase the size of the portfolio and improve
operational efficiency. The net proceeds of the offer are expected to be used for further investment
in the Kingfish portfolio.
On the record date, Kingfish shareholders will be issued one warrant for every four shares held. The
record date for the issue is 6 March 2020 and the warrants are expected to be allotted on 9 March
2020.

Each warrant gives shareholders the right, but not the obligation, to subscribe for one additional
ordinary share in Kingfish on the exercise date. The exercise date is 12 March 2021.

The exercise price will be $1.64 less any dividends declared during the period up to the exercise
date. The final exercise price will be calculated and advised to warrant holders at least six weeks
before the exercise date.

The warrants are expected to be quoted on the NZX Main Board from 10 March 2020 under the
issuer code KFLWF.

The Warrant Term Document will be sent to shareholders later this month.

Contact
Wayne Burns
Corporate Manager
Kingfish Limited

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Corporate Action Notice
(Other than for a Distribution)
Updated as at 8 May 2019

Page 1 of 1
Section 1: issuer information (mandatory)
Name of issuer Kingfish Limited
Class of Financial Product Ordinary Shares
NZX ticker code KFL
ISIN (If unknown, check on NZX
website)
NZKFLE0001S0
Name of Registry Computershare
Type of corporate action
(Please mark with an X in the relevant
box/es)
Share purchase
plan
Renounceable
Rights issue

Capital
reconstruction
Non
Renounceable
Rights issue

Call Bonus issue X
Record date
06/03/2020
Ex-Date (one business day before the
Record Date)
05/03/2020
Currency NZD
Section 3: Bonus issue (delete if not applicable)
Number of Financial Products to be
issued
Approximately 61,600,000 new warrants
ISIN of security to be issued (if different
from Ordinary Shares)
NZKFLE0010S1
Minimum entitlement N/A
Entitlement ratio (for example 1 for 2) New 1 Existing 4
Treatment of fractions Rounded Up
Subscription price $ Nil
Allotment Date
09/03/2020
Section 7: Authority for this announcement (mandatory)
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 enquire@kingfish.co.nz
Date of release through MAP 05/02/2020