Kingfish warrants change hands as expiry nears
Kingfish warrant holders are in the money, as chairman James Miller announces when he will step down.
The listed investment company, managed by Carmel Fisher's Fisher Funds, issued shareholders with equity warrants two years ago which can be converted to shares for 95 cents by the September 3 expiry.
Kingfish share price dropped 2 cents today, to 97 cents – but importantly still above the 95 cent threshold.
"The warrants are in the money," company chief financial officer Ben Doshi says.