BRM - New Warrant Issue for Barramundi

[Dolcile]

It seems strange to me that the buy side depth has dropped right off.  Isn't the record date for the dividend tomorrow?

[lorraina]

Ex div date is today.
BRM   4 Dec 2024   Interim   1.560c   0.000c   0.001c   20 Dec 2024   NZD

[Dolcile]

Wouldn't that be end of the day ?

[Dolcile]

Record date is the 5th December, as per the amended notice below

https://www.nzx.com/announcements/442408

[Basil]

Shares go ex divvy two working days before the record date because settlement of all transactions through the NZX is T + 2 days.  Shares are ex divvy as of the opening of trade this morning.

[snapiti]

yep BRM trading x divi today, can someone please remind me of how the DRP price is worked out.

[777]

yep BRM trading x divi today, can someone please remind me of how the DRP price is worked out.

The same way as it always has. Look up the notice for the September DRP.

[Basil]

Volume weighted average trading price over the 5 trading days after going ex divvy, less 3%.  Looks like it's shaping up to be a real Christmas gift.

[snapiti]

thanks basil, yep Santa going to give us a really nice present by the look of it

[thedabsman]

We do look set for a great DRP price again

[snapiti]

We do look set for a great DRP price again

yep last day tomorrow to finalize strike price but should be about 66.5 cps

[Bev]

It appears Barramundi suspend their on market buy back program during the five days post dividend record date.  That is a big help.

[thedabsman]

Who is ruining the DRP price average? Please stop buying

[snapiti]

Has the DRP strike price been announced

[lorraina]

Barramundi Limited (Barramundi) advises that the share price used to calculate entitlements under the Dividend Reinvestment Plan (the DRP) has been set at $0.6668.