Director Option Exercise and Share Transactions
Murray Cod Australia Ltd ABN 74 928 625 Ph +61 269 625 470 Level 1, 153 Yambil Street Griffith NSW Australia 2680 www.aquna.com Murray Cod Australia Ltd ASX:MCA ASX ANNOUNCEMENT 14 January 2022 Share Issues to Directors on Exercise of Consideration Options Murray Cod Australia Ltd (MCA:ASX) (‘ MCA ’ or ‘ the Company ’) advises that it has today issued 60 million fully paid ordinary shares on exercise of 40 million and 20 million unlisted options held by Directors Mathew Ryan and Roger Commins respectively. The Company has received cash proceeds of $4.5 million on exercise of these options, which were exercisable at 7.5 cents each. These options were issued as partial consideration for the acquisition of the Murray Cod aquaculture assets & land as part of MCA’s relisting on the ASX in January 2017, pursuant to the Replacement Prospectus dated 5 December 2016. Off-market Share Transactions In addition to the above, Director Mr Roger Commins has today bought 7 million shares through an off-market transaction at $0.31 per share. In conjunction with this purchase, Mr Commins has sold 4 million shares to an entity associated with Director Mr Ross Anderson at $0.31 per share, as well as a further 544,000 shares as outlined in his change of Director interest notice to be lodged with the ASX. ABOUT THE COMPANY Murray Cod Australia is a vertically integrated producer, involved in the breeding, growing and supply of premium “Aquna” branded Murray Cod to domestic and export markets. The production process produces a unique fish with some of the best culinary qualities in the world. Murray Cod Australia uses an innovative farming technique with market-leading bio-security techniques whilst being environmentally friendly and sustainable. The Company has developed a land-based aquaculture model, using dams and irrigation water, allowing control of the breeding, feeding, water conditions and biological inputs throughout the entire lifecycle of the fish. This provides confidence for customers in the quality and sustainability of the produce. The business’ operations are located in the Riverina region of New South Wales, Australia. For more information contact: Mr. Ross Anderson (Chairman), +61 269 625 470 The release of this announcement was authorised by the Board of Directors.