BIF acquires shares in NewFish

Wednesday 20th December 2023

Booster is pleased to announce the addition of Whole Fish Limited, trading as NewFish to the Booster Innovation Fund (BIF) portfolio.

NewFish operates in the food nutrition part of the deep technology and engineering sector. It specialises in development of marine whey, a protein source produced from water and microalgae. NewFish was formed in 2020, and is classified as a seed stage business, and has a key technology partnership with Cawthron Research Institute.

BIF will make a cash investment of $200,000. Following this transaction (and issue of additional units to fund the purchase), NewFish will represent 1.1% of BIF’s investment portfolio which supports over 30 companies, and with a net asset value of over $18.7 million.

Investors can continue to purchase units in BIF on the NZX or can subscribe for units in the fund as part of the process described in the fund’s Product Disclosure Statement (PDS) that is available at www.booster.co.nz

For further information regarding BIF visit https://www.booster.co.nz/booster-investments/booster-innovation-fund.aspx

For more information, please contact:

Gary Scott

Company Secretary

Booster Investment Management Limited

04 8944300

About Booster

Booster Investment Management Limited (Booster) is the manager and issuer of the Fund, and part of the Booster Group which has been helping New Zealanders save since 1998. The group currently administers superannuation and investment funds of over $5 billion on behalf of more than 190,000 New Zealanders.

BIF is a managed investment fund that invests in early-stage companies founded on intellectual property originated or developed in New Zealand.

For more information, including a copy of the Product Disclosure Statement, please visit www.booster.co.nz

BIF acquires shares in New Fish

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