Kingfish Limited

11/08/2018 | Press release | Distributed by Public on 11/07/2018 22:21

KFL undiluted NAV as at 7/11/18 - $1.4512

Kingfish Limited

Phone +64 9 489 7094

Fax +64 9 489 7139

Private Bag 93502 Takapuna, Auckland

KFL undiluted NAV as at 7/11/18 - $1.4512

Date

7/11/2018

31/10/2018

KFL undiluted NAV*

$1.4512

$1.4357

Share price close

$1.34

$1.34

Discount

8%

7%

The above net asset value (NAV) is unaudited and net of fees and tax.

The NAV per share is calculated after deducting treasury stock of 186,287 shares (acquired under the Kingfish buyback programme).

* The undiluted NAV excludes any impact on the NAV of the future exercise of warrants (KFLWE). At 7 November 2018, 48,368,533 warrants are on issue and may be exercised on 12 July 2019. The actual exercise price of each warrant is $1.37 less the dividends per share declared by the company between 19 July 2018 and 12 July 2019. Dividends totalling 3.00 cents per share have been declared to date and three more dividends are expected to be declared in the remaining period to 12 July 2019.

The five largest portfolio holdings at 7 November 2018 are approximately as follows:

Fisher & Paykel Healthcare 13%

The a2 Milk Company 12%

Mainfreight 10%

Freightways 9%

Infratil 7%

BACKGROUND

Kingfish is a listed investment company that invests in growing New Zealand companies. The Kingfish portfolio is managed by Fisher Funds, a specialist investment manager with a track record of successfully investing in growth company shares. The aim of Kingfish 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. Kingfish listed on NZX Main Board on 31 March 2004 and may invest in companies that are listed on a New Zealand stock exchange or unlisted companies.

Contact

Corporate Manager Kingfish Limited Tel +64 9 4840352