MLNWG Marlin Warrants

[777]

It is right on time.

MLN
29/04/2024 16:29
OFFER
PRICE SENSITIVE
REL: 1629 HRS Marlin Global Limited

OFFER: MLN: New Warrant Issue for Marlin Global

29 April 2024

New Warrant Issue for Marlin

The directors of Marlin Global Limited (Marlin) are pleased to announce that
the company will undertake a pro rata offer of warrants to shareholders.

The issue of warrants is part of Marlin's ongoing capital management
programme and provides investors with the ability to purchase additional
shares in Marlin at a pre-determined Exercise Price. The issue of warrants
also aims to increase the size of the portfolio so as to improve operational
efficiency. The net proceeds from the warrant issue are expected to be used
for further investment in the Marlin portfolio.

On the record date, eligible Marlin shareholders will be issued one warrant
for every four shares held. The record date for the issue is 15 May 2024 and
the warrants are expected to be allotted on 16 May 2024.

Each warrant gives shareholders the right, but not the obligation, to
subscribe for one additional ordinary share in Marlin on the exercise date.
The exercise date is 16 May 2025.

The exercise price will be $1.04 less any dividends declared (and the impact
of any capital structure changes, per clause 28 of the Warrant Terms Offer
Document) with a record date during the period commencing on the date of
allotment of the warrants and up to the announcement of the final exercise
price. The final exercise price will be calculated and advised to warrant
holders at least six weeks before the exercise date.

The warrants are expected to be quoted on the NZX Main Board from 17 May 2024
under the issuer code MLNWG.

[whatsup]

It is right on time.

MLN
29/04/2024 16:29
OFFER
PRICE SENSITIVE
REL: 1629 HRS Marlin Global Limited

OFFER: MLN: New Warrant Issue for Marlin Global

29 April 2024

New Warrant Issue for Marlin

The directors of Marlin Global Limited (Marlin) are pleased to announce that
the company will undertake a pro rata offer of warrants to shareholders.

The issue of warrants is part of Marlin's ongoing capital management
programme and provides investors with the ability to purchase additional
shares in Marlin at a pre-determined Exercise Price. The issue of warrants
also aims to increase the size of the portfolio so as to improve operational
efficiency. The net proceeds from the warrant issue are expected to be used
for further investment in the Marlin portfolio.

On the record date, eligible Marlin shareholders will be issued one warrant
for every four shares held. The record date for the issue is 15 May 2024 and
the warrants are expected to be allotted on 16 May 2024.

Each warrant gives shareholders the right, but not the obligation, to
subscribe for one additional ordinary share in Marlin on the exercise date.
The exercise date is 16 May 2025.

The exercise price will be $1.04 less any dividends declared (and the impact
of any capital structure changes, per clause 28 of the Warrant Terms Offer
Document) with a record date during the period commencing on the date of
allotment of the warrants and up to the announcement of the final exercise
price. The final exercise price will be calculated and advised to warrant
holders at least six weeks before the exercise date.

The warrants are expected to be quoted on the NZX Main Board from 17 May 2024
under the issuer code MLNWG.

Considering that MLN has trades sub $1-00 for most of the last year the strike price ( $1.04 ) imho is a bit optimistic unless there are rabbits in a hat somewhere !!