IPO Society is pleased to bring you an important announcement regarding the upcoming quotation of Kingfish Limited (“KFL”) warrants on the NZX Main Board. This quotation notice highlights the key details and important dates associated with these warrants, providing investors with valuable information to consider.
Company Overview
Kingfish Limited is a renowned investment company based in New Zealand. The company focuses on providing investors with exposure to a diversified portfolio of New Zealand companies listed on the NZX. Kingfish Limited aims to generate long-term capital growth through its investment strategy, capitalizing on the potential of the New Zealand stock market.
Warrants Details
The quotation notice pertains to approximately 83,100,000 new warrants to subscribe for ordinary shares in Kingfish Limited. The warrants are traded under the security code KFLWH and the ISIN NZKFLE0014S3. The ratio of warrants to shares is set at 1:4, meaning one warrant gives the holder the right to purchase one share upon exercise.
Exercise Price and Adjustments
The exercise price for the warrants is $1.37 per warrant. However, this amount may be adjusted downward to account for the aggregate amount per share of any cash dividends declared on the shares during the specified period. Kingfish will announce the final exercise price during the week commencing June 10, 2024, and no later than Friday, June 14, 2024.
Important Dates
- Record Date: Wednesday, July 5, 2023
- Allotment Date: Thursday, July 6, 2023
- Last Trading Date: Wednesday, July 24, 2024
- Exercise Date: Friday, July 26, 2024, at 5:00 pm NZT
- Mailing of Warrants Holding Statements: Monday, July 10, 2023
- Expected Commencement of Trading on the NZX Main Board: Friday, July 7, 2023
Registrar and Settlement Status
Computershare Investor Services Limited (“RMLT”) will serve as the registrar for the Kingfish Limited warrants. The settlement of the warrants will be facilitated through the NZCDC Settlement System.
Investment Considerations
Investors should carefully evaluate the warrant terms, exercise price, and any adjustments based on cash dividends declared on the shares. As the exercise price will be announced at a later date, it is important to stay updated with the official announcements from Kingfish Limited.
Growth Potential
The quotation of Kingfish Limited warrants on the NZX Main Board presents an opportunity for investors to participate in the growth potential of New Zealand companies. As always, IPO Society encourages investors to thoroughly review the relevant documentation, consult with financial advisors, and stay informed about any updates or announcements from Kingfish Limited.
Stay tuned for further developments, and be prepared to take advantage of the commencement of trading on the NZX Main Board on July 7, 2023. The Kingfish Limited warrants offer investors a pathway to potentially benefit from the performance of the New Zealand stock market, making it an enticing investment opportunity.
