Capital Change Notice – Share Options

Capital Change Notice





Section 1: Issuer information
Name of issuer Rua Bioscience Limited
NZX ticker code RUA
Class of financial product

Options to subscribe for
Ordinary Shares in the Issuer
(Options)
ISIN (If unknown, check on NZX website) NZRUAE0004S1
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 2,450,000
Nominal value (if any) Nil
Issue price per security $0.00
Nature of the payment (for example, cash or other
consideration)
Zero cash – provision of
employment and personal
services to the Issuer
Amount paid up (if not in full) N/A (as issued for no cash
consideration)
Percentage of total class of Financial Products
issued/acquired/redeemed/ (calculated on the number of
Financial Products of the Class, excluding any Treasury Stock,
in existence)
1

100% of this class of Options

1.55% (2dp) of the total
number of Ordinary Shares on
issue (undiluted)
For an issue of Convertible Financial Products or Options, the
principal terms of Conversion (for example the Conversion
price and Conversion date and the ranking of the Financial
Product in relation to other Classes of Financial Product) or the
Option (for example, the exercise price and exercise date)
The Options will vest and
convert into Ordinary Shares in
the Issuer in a ratio of 1:1, for
NIL cash consideration, on
1 March 2026 subject to
conditions set out in an Option
Deed dated February 2023
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
Consideration for services and
performance incentive for
employees (part of
remuneration package)
Total number of Financial Products of the Class after the
issue/acquisition/redemption/Conversion (excluding Treasury
Stock) and the total number of Financial Products of the Class
held as Treasury Stock after the issue/acquisition/redemption.
Total number of Options of this
class after the issue will be
2,450,000
In the case of an acquisition of shares, whether those shares
are to be held as treasury stock
N/A

1
The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.

Specific authority for the issue, acquisition, or redemption,
including a reference to the rule pursuant to which the issue,
acquisition, or redemption is made
Listing rule 4.6.1. 4.11.1 and
5.2.2(e)
Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
Options vest and convert into
Ordinary Shares on 1 March
2026 subject to conditions set
out in an Option Deed dated
February 2023, specifically
relating to good and bad leaver
provisions. Participant to pay
associated tax liability.
Date of issue/acquisition/redemption
2
Grant date for the Options is
1 March 2023
Date for issue of the Ordinary
Shares on conversion is
1 March 2026
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Hamish White
Contact person for this announcement Hamish White
Contact phone number 0210505795
Contact email address Hamish.white@ruabio.com
Date of release through MAP

15/03/2023




2
Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant
issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).