DEVELOP GLOBAL LIMITED — Share Issue/Capital Change 2022

Sep 20, 2022

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

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Announcement Summary

Entity name

DEVELOP GLOBAL LIMITED

Date of this announcement

Wednesday September 21, 2022

The +securities the subject of this notification are: Other

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	Unlisted options exercisable at $4.25 each,	100,000	21/09/2022
to be confirmed	expiring 21 September 2025.

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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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

DEVELOP GLOBAL LIMITED

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

28122180205

1.3 ASX issuer code

DVP

1.4 The announcement is

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New announcement

1.5 Date of this announcement

21/9/2022

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

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Other

Please specify

100,000 Director Options approved at the shareholder meeting held 2 September 2022.

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

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New +securities
ASX +security code +Security description
New class - code to be confirmed Unlisted options exercisable at $4.25 each, expiring 21
September 2025.
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
21/9/2022
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
listing rule 6.1?
Yes
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02548745-6A1102816?access_token=8
3ff96335c2d45a094df02a206a39ff4
Options Details
+Security currency Exercise price Expiry date
AUD - Australian Dollar AUD 4.25000000 21/9/2025
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
Other
Description
DVP - Fully Paid Ordinary Shares
Any other information the entity wishes to provide about the +securities the subject of this notification
These 100,000 Director Options will vest 12 months after the date of issue (i.e. on 21 September 2023).
Please provide any further information needed to understand the circumstances in which you are notifying the
issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to
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the market in an Appendix 3B

Refer notice of meeting lodged with ASX 1 August 2022.

Issue details

Number of +securities

100,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Issued to Ms Woolhouse as part of her broader remuneration package as a director of the Company.

Purpose of the issue Other

Additional Details

Issued to Ms Woolhouse as part of her broader remuneration package as a director of the Company.

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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
DVP : ORDINARY FULLY PAID	161,210,471

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
DVPAY : OPTION EXPIRING 22-JUN-2024 EX $0.75	3,400,000
DVPAZ : OPTION EXPIRING 22-JUN-2023 EX $0.675	14,408,300
DVPAAG : OPTION EXPIRING VARIOUS DATES VARIOUS PRICES	1,390,000
DVPAW : OPTION EXPIRING 18-JUL-2023 EX $0.675	1,973,389
DVPAV : PERFORMANCE RIGHTS	1,000,333
DVPAAC : OPTION EXPIRING 01-OCT-2024 EX $5.00	200,000
DVPAAB : OPTION EXPIRING 17-JUN-2025 EX $0.75	14,000,000
DVPAAA : OPTION EXPIRING 17-JUN-2024 EX $0.75	14,000,000
New class - code to be confirmed : Unlisted options exercisable at $4.25 each, expiring 21	100,000
September 2025.

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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? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

2/9/2022

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