New Zealand King Salmon Investments : Proposed issue of securities - NZK

Proposed issue of securitiesAnnouncement Summary

Entity name

For personal use only

NEW ZEALAND KING SALMON INVESTMENTS LIMITED

Announcement Type

New announcement

Date of this announcement 13/4/2022

The Proposed issue is:

A standard pro rata issue (including non-renounceable or renounceable)

Total number of +securities proposed to be issued for a standard pro rata issue (including non-renounceable or renounceable)

Ex date 22/4/2022

+Record date 26/4/2022

Offer closing date 6/5/2022

Issue date 12/5/2022

Refer to next page for full details of the announcementProposed issue of securities

1 / 7

Proposed issue of securities

Part 1 - Entity and announcement details

1.1 Name of +Entity

NEW ZEALAND KING SALMON INVESTMENTS LIMITED

For personal use only

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).

1.2 Registered Number Type ARBN

Registration Number 613922071

1.3 ASX issuer code NZK

1.4 The announcement isNew announcement

1.5 Date of this announcement 13/4/2022

1.6 The Proposed issue is:

A standard +pro rata issue (non-renounceable or renounceable)

1.6a The proposed standard +pro rata issue is:+ Renounceable

Proposed issue of securities

2 / 7

Proposed issue of securities

Part 3 - Details of proposed entitlement offer issue

For personal use only

Part 3A - Conditions

3A.1 Do any external approvals need to be obtained or other conditions satisfied before the entitlement offer can proceed on an unconditional basis?

No

Part 3B - Offer details

Class or classes of +securities that will participate in the proposed issue and class or classes of +securities proposed to be issued

ASX +security code and description

NZK : ORDINARY FULLY PAID FOREIGN EXEMPT NZX

Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)?

Will the proposed issue of this +security include an offer of attaching +securities?

If the entity has quoted company options, do the terms entitle option holders to participate on exercise?

No

No

Existing class

Details of +securities proposed to be issued

ASX +security code and description

NZK : ORDINARY FULLY PAID FOREIGN EXEMPT NZX

ISIN Code (if Issuer is a foreign company and +securities are non CDIs)

NZNZKE0003S0

ISIN Code for the tradable rights created under a renounceable right issue (if Issuer is foreign company and +securities are non CDIs)

Offer ratio (ratio to existing holdings at which the proposed +securities will be issued)

The quantity of additional +securities For a given quantity of +securities

to be issued 57

held 20

Proposed issue of securities

3 / 7

Proposed issue of securities

What will be done with fractional entitlements?

Maximum number of +securities proposed to be issued (subject to rounding)

Fractions rounded down to the nearest whole number or fractions disregarded

400,817,453

For personal use only

Offer price details for retail security holders

In what currency will the offer be	What is the offer price per +security
made?	for the retail offer?
NZD - New Zealand Dollar	NZD 0.15000
AUD equivalent to Offer Price amount	Date of FX rate
per +security
0.13797000	12/4/2022
FX rate (in format AUD 1.00 / primary	FX rate (in format AUD rate/primary
currency rate):	currency rate) Primary Currency rate
NZD 0.91980000
AUD 1.00
Oversubscription & Scale back details

Will individual +security holders be permitted to apply for more than their entitlement (i.e. to over-subscribe)?

Yes

Describe the limits on over-subscription

Eligible Retail Shareholders who take up their Rights in full have the opportunity to apply for additional New Shares which are attributable to any Unexercised Rights, allowing them to subscribe for additional New Shares up to a maximum of 100% of their Rights.

Will a scale back be applied if the offer is over-subscribed?

Yes

Describe the scale back arrangements

Allocations and any necessary scaling of additional New Shares applied for by Eligible Retail Shareholders who take up their Rights in full will be determined by NZKS and the Lead Manager.

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?

Yes

Proposed issue of securities

4 / 7

Proposed issue of securities

Part 3C - Timetable

3C.1 +Record date

26/4/2022

For personal use only

3C.2 Ex date 22/4/2022

3C.3 Date rights trading commences

22/4/2022

3C.4 Record date

26/4/2022

3C.5 Date on which offer documents will be sent to +security holders entitled to participate in the +pro rata issue

27/4/2022

3C.6 Offer closing date 6/5/2022

3C.7 Last day to extend the offer closing date 3/5/2022

3C.8 Date rights trading ends 29/4/2022

3C.9 Trading in new +securities commences on a deferred settlement basis 2/5/2022

3C.11 +Issue date and last day for entity to announce results of +pro rata issue

12/5/2022

3C.12 Date trading starts on a normal T+2 basis 13/5/2022

3C.13 First settlement date of trades conducted on a +deferred settlement basis and on a normal T+2 basis

17/5/2022

Part 3E - Fees and expenses

3E.1 Will there be a lead manager or broker to the proposed offer?

Yes

3E.1a Who is the lead manager/broker?

Jarden Securities Limited

Proposed issue of securities

5 / 7