Media Release
Barramundi Limited
25th October 2006
Barramundi Offer Closes Oversubscribed
The initial public offering (IPO) by Barramundi Limited to raise up to $100 million has closed significantly
oversubscribed following strong demand from retail investors, including Kingfish share holders and warrant holders.
Barramundi Limited (“Barramundi”) is an investment company managed by Fisher Funds Management Limited that has been
established to invest in smaller, growing Australian companies. Barramundi shares (and associated warrants) issued under
the offer will be listed on the NZSX.
Barramundi received applications totalling $126 million, for an offer of up to $100 million. As a consequence of heavy
demand in the offer, Barramundi has elected to scale applications for shares from oversubscriptions on the following
basis:
o applications from Kingfish shareholders and warrant holders will be accepted in full up to 10,000 shares with
the amount above 10,000 scaled by 50%;
o applications for additional shares from clients of NZX Firms and members of the public have not been allocated
shares and application monies will be returned in full.
The shares and warrants are expected to be listed on the NZSX on Thursday 26th October with trading commencing from
11.00am*.
Fisher Funds Managing Director and Barramundi Director, Carmel Fisher, said “We are extremely pleased with the interest
shown in the Barramundi offer. This is a real endorsement of our investment approach, which focuses on picking
Australian stocks with growth potential, and our successful track record in New Zealand and Australia”.
Neil Craig, Executive Chairman of ABN AMRO Craigs, Lead Manager to the IPO, said the offer proved extremely successful.
“The level of investor demand was very high from all areas of the market - NZX Firms, members of the public and current
Kingfish holders. For an IPO of an investment fund to be oversubscribed by 26% shows tremendous support for Fisher Funds
and the Barramundi offer”.
The offer involved the issue of 100 million new shares at $1.00 per share and successful applicants receive one warrant
for every two shares allotted. ABN AMRO Craigs has been the Lead Manager to the IPO and Organising Participant to the
listing.
• Application has been made to New Zealand Exchange Limited (NZX) for permission to list the shares and warrants
on NZSX. However, NZX accepts no responsibility for any reference to listing in this statement.
Ends