Reference is made to the stock exchange announcements published by Barramundi Group Ltd. (the “Company”) on 16 September 2025 regarding the signing of the SSA and the results of the Subsequent Offering.
The Company has successfully received a total of SGD 3.4 million in cash proceeds from the Private Placement and the Subsequent Offering.
The share capital increase of SGD 3,907,581 (inclusive of a debt-to-equity swap) for 135,032,762 new ordinary shares has today been registered with the Accounting and Corporate Regulatory Authority (“ACRA”) in Singapore. The new registered share capital is SGD 157,883,823.63, divided into 175,402,745 shares, each with a nominal value of SGD 0.90.
The following allocations have been made to primary insiders and close associates of primary insiders in the Private Placement:
- Andrew Kwan Kok Tiong, Board Member of the Company, has been allocated 38,381,851 shares in the Private Placement of the Company at a subscription price of SGD 0.0289 per share. Following this transaction, he holds a total of 42,809,672 shares in the Company, corresponding to approximately 24.4% of the outstanding shares and votes.
- Warif Holdings Limited, a close associate of Khairuddin Abd Hamid, Board Member of the Company, has been allocated 38,381,851 shares in the Private Placement of the Company at a subscription price of SGD 0.0289 per share. Following this transaction, they hold a total of 42,751,519 shares in the Company, corresponding to approximately 24.3% of the outstanding shares and votes.
Please see attached primary insider notification forms for the above-mentioned transactions.
DISCLOSURE REQUIREMENTS
This information is subject to the disclosure requirements in Regulation (EU) No 596/2014 (MAR) article 19 and section 5-12 of the Norwegian Securities Trading
Act.
For investor inquiries, please contact:
James Kwan Chief Executive Officer Barramundi Group Telephone: +65 6261 0010 Email: investors@barramundi.com
Vanessa Tan
Chief Financial Officer
Barramundi Group
Telephone: +65 6261 0010
Email: investors@barramundi.com