BRM undiluted NAV as at 7/12/16 - $0.6330 (after deducting 1.39cps dividend
payable)
Date 7/12/2016 30/11/2016
BRM NAV $0.6330 $0.6542
Share price close $0.63 $0.63
Discount based on undiluted NAV 0% 4%
* The undiluted NAV excludes any impact on the NAV of the future exercise of
warrants (BRMWD). At 7 December 2016, 36,471,368 warrants are on issue and
may be exercised on 24 November 2017. The actual exercise price of each
warrant is $0.63 less the dividends per share declared by the company between
21 November 2016 and 24 November 2017. Dividends totalling 1.39 cents per
share have been declared to date and three more dividends are expected to be
declared in the remaining period to 24 November 2017.
The NAV per share is after deducting an accrual for a 1.39 cents per share
dividend to be paid on 22 December 2016. The NAV per share is also calculated
after deducting treasury stock (shares acquired under the Barramundi buyback
programme) - currently nil.
The five largest portfolio holdings at 7 December 2016 are approximately as
follows:
Ramsay Health Care 7%
CSL Limited 5%
Brambles 5%
SEEK 5%
Carsales.com 5%
BACKGROUND
Barramundi is a listed investment company that invests in growing Australian
companies. The Barramundi portfolio is managed by Fisher Funds, a specialist
investment manager with a track record of successfully investing in growth
company shares. The aim of Barramundi is to offer investors competitive
returns through capital growth and dividends, and access to a diversified
portfolio of investments through a single tax-efficient investment vehicle.
Barramundi listed on the NZX Main Board on 26 October 2006 and may invest in
companies that are listed on an Australian stock exchange or unlisted
companies.
For further information please contact Barramundi Ltd, ph (09) 489 7074.
End CA:00293977 For:BRM Type:NTA Time:2016-12-08 15:29:48