KFL – Issue of Securities – KFLWF – 9 March 2020

Capital Change Notice

KFL – Notice of issue of securities


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/acquired/redeemed 61,578,083
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)
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/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 Kingfish in a better
position to grow, operate efficiently and
pursue other capital structure initiatives as
appropriate. Directors resolution.
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.
61,578,083
In the case of an acquisition of shares, whether those shares are
to be held as treasury stock
n/a
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 Kingfish ordinary
share at the exercise price by 5.00pm
(New Zealand time) on 12 March 2021
Date of issue/acquisition/redemption
2
09/03/2020

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
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]