WIDE OPEN AGRICULTURE LTD — Share Issue/Capital Change 2021

Nov 18, 2021

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

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Announcement Summary

Entity name

WIDE OPEN AGRICULTURE LTD

Date of this announcement

Friday November 19, 2021

The +securities the subject of this notification are:

+Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends

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 (Exercise Price $1.24 and Expiry	4,736,042	19/11/2021
to be confirmed	Date 30 November 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

WIDE OPEN AGRICULTURE 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

86604913822

1.3 ASX issuer code

WOA

1.4 The announcement is

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New announcement

1.5 Date of this announcement

19/11/2021

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

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends

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

New +securities issued under an +employee incentive scheme

ASX +security code New class - code to be confirmed	+Security description Unlisted Options (Exercise Price $1.24 and Expiry Date 30 November 2025)
+Security type	ISIN code
Options

Date the +securities the subject of this notification were issued 19/11/2021

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
Ben Cole	Mr Ben Cole	1,000,000
Anthony Maslin	MR ANTHONY MASLIN + MS MARITE NORRIS A/C>	750,000
Stuart McAlpine	Stuart McAlpine	500,000
Elizabeth Brennan	Ms Elizabeth Brennan	500,000
Ronald Duncan	Mr Ronald Ian Stuart Duncan	500,000

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1?

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Yes

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

Schedule 2 of the Notice of AGM - https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-0243 1603-6A1054379?access_token=83ff96335c2d45a094df02a206a39ff4

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

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Options Details

+Security currency AUD - Australian Dollar

Exercise price Expiry date AUD 1.24000000 30/11/2025

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

Description

WOA - 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 Schedule 1 of the Notice of AGM - https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-0243 1603-6A1054379?access_token=83ff96335c2d45a094df02a206a39ff4

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

Issue details

Number of +securities

4,736,042

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

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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
WOA : ORDINARY FULLY PAID	100,460,514
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
WOAAJ : OPTION EXPIRING 13-APR-2022 EX $1.125	1,000,000
WOAAF : OPTION EXPIRING 08-JAN-2023 EX 25C	900,000
WOAAK : OPTION EXPIRING 30-NOV-2024 EX $1.28	3,625,000
WOAAL : OPTION EXPIRING 07-APR-2025 EX $1.03	2,952,064
WOAAB : ORDINARY FULLY PAID RESTRICTED	14,000,000
WOAAE : OPTION EXPIRING 31-DEC-2021 EX 30C	200,000
WOAAI : OPTION EXPIRING 31-DEC-2023 EX 50C	2,000,000
WOAAG : OPTION EXPIRING 30-NOV-2022 EX 20C	1,400,000
WOAAH : OPTION EXPIRING 31-MAR-2023 EX 15C	1,450,000
New class - code to be confirmed : Unlisted Options (Exercise Price $1.24 and Expiry Date	4,736,042
30 November 2025)

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

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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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