BOTANIX PHARMACEUTICALS LTD — Share Issue/Capital Change 2023

Sep 12, 2023

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

BOTANIX PHARMACEUTICALS LTD

Date of this announcement

Wednesday September 13, 2023

The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	Unquoted options exercisable at $0.105 each and	2,450,000	12/09/2023
to be confirmed	expiring on 12 September 2026.
New class - code	CEO Performance Rights	56,000,000	12/09/2023
to be confirmed

Refer to next page for full details of the announcement

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

BOTANIX PHARMACEUTICALS LTD

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ABN

Registration number

70009109755

1.3 ASX issuer code

BOT

1.4 The announcement is

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New announcement

1.5 Date of this announcement

13/9/2023

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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does not have an existing ASX security code ("new class")

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Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

ASX +security code +Security description New class - code to be confirmed Unquoted options exercisable at $0.105 each and expiring on 12 September 2026. +Security type ISIN code Options Date the +securities the subject of this notification were issued 12/9/2023 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Were any of the +securities issued to +key management personnel (KMP) or an +associate? No Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. Refer Notice of 2022 AGM - https://announcements.asx.com.au/asxpdf/20221021/pdf/45gkp0s2trhxds.pdf (Resolution 7 - Approval of Employee Incentive Plan). Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.10500000 12/9/2026 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description BOT: Fully paid ordinary shares Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms Refer Notice of 2022 AGM - https://announcements.asx.com.au/asxpdf/20221021/pdf/45gkp0s2trhxds.pdf (Resolution 7 - Approval of Employee Incentive Plan).

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Any other information the entity wishes to provide about the +securities the subject of this notification

Issue of options under the Company's Employee Incentive Plan approved by shareholders at the 2022 Annual General Meeting to employees.

Issue details

Number of +securities
2,450,000
ASX +security code	+Security description
New class - code to be confirmed	CEO Performance Rights
+Security type	ISIN code
Other
Date the +securities the subject of this notification were issued
12/9/2023
Will all the +securities issued in this class rank equally in	all respects from their issue date?
Yes
Were any of the +securities issued to +key management personnel (KMP) or an +associate?
Yes
Provide details of the KMP or +associates being issued +securities.
Name of KMP Name of registered holder		Number of +securities
Howard McKibbon Howard McKibbon		56,000,000
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
Refer ASX announcement of 25 August 2023 at https://announcements.asx.com.au/asxpdf/20230825/pdf/05t1tvrs0c41d5
. .pdf

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

Refer Notice of 2022 AGM - https://announcements.asx.com.au/asxpdf/20221021/pdf/45gkp0s2trhxds.pdf (Resolution 7 - Approval of Employee Incentive Plan).

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Any other information the entity wishes to provide about the +securities the subject of this notification

Issue of performance rights to the CEO Dr Howie McKibbon as noted in the ASX announcement of 25 August 2023.

Issue details

Number of +securities

56,000,000

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

	Total number of
ASX +security code and description	+securities on issue
BOT : ORDINARY FULLY PAID	1,421,196,813

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
BOTAAD : PERFORMANCE RIGHTS	7,333,335
BOTAD : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	62,041,991
BOTAAC : OPTION EXPIRING 14-APR-2025 EX $0.072	10,000,000
BOTAAB : OPTION EXPIRING 22-MAR-2025 EX $0.094	4,000,000
BOTAAE : OPTION EXPIRING 13-MAR-2026 EX $0.078	8,500,000
BOTAAF : OPTION EXPIRING 27-JUL-2025 EX $0.18	6,000,000
BOTAF : OPTION EXPIRING 7-OCT-2024 EX $0.089	10,000,000
New class - code to be confirmed : Unquoted options exercisable at $0.105 each and	2,450,000
expiring on 12 September 2026.
New class - code to be confirmed : CEO Performance Rights	56,000,000

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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