Issued Capital | NOTE 2 1: ISSUED CAPITAL (a) Issued capital Movements in Ordinary Shares of the Company during the current period were as follows: Date Details Number of shares A$ Ordinary Shares July 1, 2019 Opening balance 544,647,747 144,944,233 Share issue - share placement 81,500,000 3,260,000 Transfer from treasury stock 38,125 - Share issue costs - ( 48,228 ) June 30, 2020 Closing balance 626,185,872 148,156,005 Share issue - share placements (i) 185,757,511 21,229,874 Share issue – rights (ii) 195,229,129 22,606,257 Shares issued to employees 424,232 60,750 Share issue costs - ( 423,492 ) Warrants issued -underwriting fee (iii) - ( 1,439,247 ) June 30, 2021 Closing balance 1,007,596,744 190,190,147 Shares issued on exercise of options (iv) 2,000,000 27,200 Shares issued on exercise of warrants (iv) 8,000,000 480,000 Transfer from share-based payments reserve as result of options and warrants being exercised - 327,760 Share issue in a US IPO and NASDAQ listing (v) 335,754,000 32,383,263 Share issue costs - ( 5,712,611 ) June 30, 2022 Closing balance 1,353,350,744 217,695,759 Treasury Stock July 1, 2019 Closing balance 38,125 - Share issue – Employee Share Plan Loan Agreements ( 38,125 ) - June 30, 2020 Closing balance - - Share issue – Employee Share Plan Loan Agreements - - June 30, 2021 Closing balance - - Share issue – Employee Share Plan Loan Agreements - - June 30, 2022 Closing balance - - Total Issued Capital 1,353,350,744 217,695,759 (i) During the year ended June 30, 2021, the following share placements occurred: • Issue of 54,333,000 shares at A$ 0.04 per share raising A$ 2,173,320 . The share issue was approved by shareholders at a General Meeting held on August 26, 2020; and • Issue of 131,424,511 shares at A$ 0.145 per share raising A$ 19,056,554 (ii) During the year ended June 30. 2021, the following rights issues occurred: • Issue of 54,304,446 at A$ 0.04 per share raising A$ 2,172,178 ; and • Issue of 140,924,683 shares at A$ 0.145 raising A$ 20,434,079 (iii) Shareholders at the General Meeting held on August 26, 2020 approved the issue of 150,000,000 warrants to Apeiron Investment Group Ltd (“Apeiron”) to subscribe for shares at A$ 0.06 per share as consideration of underwriting a share issue that would raise at least A$ 15,000,000 . The warrants vested on 3 March 2021 when with the assistance of Apeiron a share placement was made that raised A$ 15,991,634 . (iv) During the year ended June 30, 2022, the following shares were issued: • Issue of 2,000,000 as a result of share options being exercised that had an exercise price of A$ 0.0136 per option; and • Issue of 8,000,000 shares as a result of warrants being exercised that had an exercise price of A$ 0.06 per warrant. (v) During the year ended June 30, 2022, 335,754,000 shares were issued in a US IPO and Nasdaq listing. The IPO and Nasdaq listing were approved by shareholders at the Annual General Meeting held on December 2, 2021. Ordinary shares entitle the holder to participate in dividends and the proceeds on winding up of the Company in proportion to the number of and amounts paid on the shares held. On a show of hands every holder of ordinary shares present at a meeting in person or by proxy, is entitled to one vote and upon a poll each share is entitled to one vote . (b) Share Options When exercised, each option is convertible into one ordinary share. The Bionomics Employee Equity Plan and Bionomics Employee Share Option Plan The terms and conditions of the Bionomics Employee Equity Plan and Bionomics Employee Share Option Plan are summarised in Note 2(g)(iii). Movement in unlisted share options : 2022 2021 2020 Weighted Weighted Weighted Number average Number average Number average of options exercise of options exercise of options exercise price price price Opening balance at beginning of financial year 20,985,450 A$ 0.12 6,364,550 A$ 0.40 7,686,550 A$ 0.41 Granted during the financial year 61,216,767 A$ 0.18 15,500,000 A$ 0.04 - - Forfeited during the financial year - - ( 5,000 ) A$ 0.41 ( 582,500 ) A$ 0.44 Exercised during the financial year ( 2,000,000 ) A$ 0.01 - - - - Expired during the financial year ( 1,145,600 ) A$ 0.42 ( 874,100 ) A$ 0.45 ( 739,500 ) A$ 0.45 Closing balance at June 30 79,056,617 A$ 0.16 20,985,450 A$ 0.12 6,364,550 A$ 0.40 The number of unlisted share options vested and exercisable at June 30, 2022 is 31,065,275 (2021: 20,056,450 ). The weighted average remaining contractual life of any unlisted share options outstanding at the end of the year is 4.93 years (2021: 3.80 years). (i) Unlisted share options issued during the year ended June 30, 2022 On December 2, 2021, shareholders at the Annual General Meeting approved the issuing of 47,786,607 share options to subscribe for 47,786,607 shares at $ 0.2014 per share to Dr Errol De Souza, Executive Chairman. The options were issued on December 22, 2021, details of the issue are set out below: Exercise Fair value at Grant date Vesting date Expiry date price Number date of issue 2-Dec-21 30-Sep-21 30-Sep-26 A$ 0.2014 2,986,663 A$ 0.0740 2-Dec-21 31-Dec-21 31-Dec-26 A$ 0.2014 2,986,663 A$ 0.0760 2-Dec-21 31-Mar-22 31-Mar-27 A$ 0.2014 2,986,663 A$ 0.0780 2-Dec-21 30-Jun-22 30-Jun-27 A$ 0.2014 2,986,663 A$ 0.0790 2-Dec-21 30-Sep-22 30-Sep-27 A$ 0.2014 2,986,663 A$ 0.0810 2-Dec-21 31-Dec-22 31-Dec-27 A$ 0.2014 2,986,663 A$ 0.0820 2-Dec-21 31-Mar-23 31-Mar-28 A$ 0.2014 2,986,663 A$ 0.0840 2-Dec-21 30-Jun-23 30-Jun-28 A$ 0.2014 2,986,663 A$ 0.0850 2-Dec-21 30-Sep-23 30-Sep-28 A$ 0.2014 2,986,663 A$ 0.0860 2-Dec-21 31-Dec-23 31-Dec-28 A$ 0.2014 2,986,663 A$ 0.0880 2-Dec-21 31-Mar-24 31-Mar-24 A$ 0.2014 2,986,663 A$ 0.0890 2-Dec-21 30-Jun-24 30-Jun-24 A$ 0.2014 2,986,663 A$ 0.0900 2-Dec-21 30-Sep-24 30-Jun-24 A$ 0.2014 2,986,663 A$ 0.0910 2-Dec-21 31-Dec-24 31-Dec-29 A$ 0.2014 2,986,663 A$ 0.0920 2-Dec-21 31-Mar-25 31-Mar-30 A$ 0.2014 2,986,663 A$ 0.0930 2-Dec-21 30-Jun-25 30-Jun-30 A$ 0.2014 2,986,662 A$ 0.0940 47,786,607 A Black-Scholes model was used to obtain the fair value of the above share options. Inputs used are summarised below: Share price at date of issue A$ 0.125 Exercise price A$ 0.2014 Bionomics share volatility 85.53 % Risk free interest rate 0.413 % On December 2, 2021, shareholders at the Annual General Meeting approved the issuing of 13,430,160 share options to subscribe for 13,430,160 shares at A$ 0.09645 per share to Dr Errol De Souza, Executive Chairman. The options were issued on 22 December 2021, details of the issue are set out below: Exercise Fair value at Grant date Vesting date Expiry date price Number date of issue 2-Dec-21 31-Mar-22 31-Mar-27 A$ 0.09645 839,385 A$ 0.0900 2-Dec-21 30-Jun-22 30-Jun-27 A$ 0.09645 839,385 A$ 0.0910 2-Dec-21 30-Sep-22 30-Sep-27 A$ 0.09645 839,385 A$ 0.0920 2-Dec-21 31-Dec-22 31-Dec-27 A$ 0.09645 839,385 A$ 0.0940 2-Dec-21 31-Mar-23 31-Mar-28 A$ 0.09645 839,385 A$ 0.0950 2-Dec-21 30-Jun-23 30-Jun-28 A$ 0.09645 839,385 A$ 0.0960 2-Dec-21 30-Sep-23 30-Sep-28 A$ 0.09645 839,385 A$ 0.0970 2-Dec-21 31-Dec-23 31-Dec-28 A$ 0.09645 839,385 A$ 0.0980 2-Dec-21 31-Mar-24 31-Mar-29 A$ 0.09645 839,385 A$ 0.0980 2-Dec-21 30-Jun-24 30-Jun-29 A$ 0.09645 839,385 A$ 0.0990 2-Dec-21 30-Sep-24 30-Sep-29 A$ 0.09645 839,385 A$ 0.1000 2-Dec-21 31-Dec-24 31-Dec-29 A$ 0.09645 839,385 A$ 0.1010 2-Dec-21 31-Mar-25 31-Mar-30 A$ 0.09645 839,385 A$ 0.1020 2-Dec-21 30-Jun-25 30-Jun-30 A$ 0.09645 839,385 A$ 0.1020 2-Dec-21 30-Sep-25 30-Sep-30 A$ 0.09645 839,385 A$ 0.1030 2-Dec-21 31-Dec-25 31-Dec-30 A$ 0.09645 839,385 A$ 0.1040 13,430,160 A Black-Scholes model was used to obtain the fair value of the above share options. Inputs used are summarised below Share price at date of issue A$ 0.125 Exercise price A$ 0.0965 Bionomics share volatility 85.53 % Risk free interest rate 0.413 % (ii) Unlisted share options issued during the year ended June 30, 2021 On August 28, 2020, the Company issued 15 million share options to subscribe for 15 million shares at A$ 0.04 per share expiring on August 28, 2025 to key management personnel, details of the issue are set out below: KMP Number Vesting conditions Fair value at Dr Errol De Souza 6,000,000 Company’s share price reaching $0.14 per share A$ 0.075 Dr Errol De Souza 6,000,000 Company’s share price reaching $0.24 per share A$ 0.071 Mr Jack Moschakis 1,000,000 Company’s share price reaching $0.14 per share A$ 0.133 Mr Jack Moschakis 1,000,000 Company’s share price reaching $0.24 per share A$ 0.118 Ms Liz Doolin 500,000 Company’s share price reaching $0.14 per share A$ 0.133 Ms Liz Doolin 500,000 Company’s share price reaching $0.24 per share A$ 0.118 The share options issued to Dr Errol De Souza were approved by shareholders at the general meeting held on August 26, 2020 and the share options issued to Mr Jack Moschakis and Ms Liz Doolin were approved by Directors on 28 August 2020. A Monte Carlo model was used to obtain the fair value of the share options that were issued to Dr Errol De Souza and the share options issued to Mr Jack Moschakis and Ms Liz Doolin that vest when the Company’s share price reach A$ 0.24 . A Black-Scholes model was used to obtain the fair value of the share options issued to Mr Jack Moschakis and Ms Liz Doolin that vest when the Company’s share price reach $ 0.14 , as the share price had reached A$0.14 when these shares options were approved to be issued. Inputs used are summarised below: Dr Errol De Souza Mr Jack Moschakis Share price at date of issue A$ 0.11 A$ 0.15 Exercise price A$ 0.04 A$ 0.04 Bionomics share volatility 105 % 105 % Risk free interest rate 0.42 % 0.43 % On November 20, 2020, the company issued 500,000 share options to subscribe for 500,000 shares at A$ 0.1687 per share to Dr Jane Ryan (non-executive director). The issue of these options was approved by shareholders at the Annual General Meeting held on 20 November 2020, details of the share options issue are set out below: Grant date Vesting date Expiry date Exercise price Number Fair value at date of issue 20-Nov-20 20-Oct-21 20-Oct-26 as at 06/30/20 A$ 0.1687 100,000 A$ 0.089 20-Nov-20 20-Oct-22 20-Oct-27 A$ 0.1687 100,000 A$ 0.095 20-Nov-20 20-Oct-23 20-Oct-28 A$ 0.1687 100,000 A$ 0.099 20-Nov-20 20-Oct-24 20-Oct-29 A$ 0.1687 100,000 A$ 0.103 20-Nov-20 20-Oct-25 20 Oct-30 A$ 0.1687 100,000 A$ 0.107 A Black-Scholes model was used to obtain the fair value of the above share options. Inputs used are summarised below: Share price at date of issue A$ 0.13 Exercise price A$ 0.1687 Bionomics share volatility 89 % Risk free interest rate 0.30 % As a result of the rights issues that occurred during the year ended June 30, 2021, the exercise price of the above options was recalculated in accordance with the rules of the option plans, and the ASX listing rule 6.22.2. Unlisted share options exercised during the year ended June 30, 2022 On September 2, 2021, 2,000,000 unlisted share options were exercised at A$ 0.0136 per share. The share price at date of exercise was A$ 0.19 . The table below lists share options outstanding at June 30, 2022: Grant date Expiry date Exercise price Number of options Fair value 20-Jul-15 20-Jul-22 A$ 0.4077 15,000 A$ 0.2371 5-Sep-17 5-Sep-22 A$ 0.4136 368,050 A$ 0.2839 9-Oct-15 9-Oct-22 A$ 0.4311 5,000 A$ 0.3216 10-Oct-13 10-Oct-22 A$ 0.5750 15,000 A$ 0.5233 28-Nov-16 28-Nov-22 A$ 0.2349 200,000 A$ 0.2505 28-Nov-16 28-Nov-22 A$ 0.2866 100,000 A$ 0.2377 28-Nov-16 28-Nov-22 A$ 0.3556 5,000 A$ 0.2227 11-Dec-12 11-Dec-22 A$ 0.2912 100,000 A$ 0.2155 17-Dec-13 11-Dec-22 A$ 0.6960 100,000 A$ 0.4318 17-Dec-13 17-Dec-22 A$ 0.6611 4,000 A$ 0.4385 18-Dec-12 18-Dec-22 A$ 0.2912 5,000 A$ 0.2535 24-Dec-15 24-Dec-22 A$ 0.5125 100,000 A$ 0.1658 30-Dec-15 30-Dec-22 A$ 0.4838 50,000 A$ 0.1772 27-Apr-15 27-Apr-23 A$ 0.4765 4,000 A$ 0.2466 1-May-13 1-May-23 A$ 0.3481 64,000 A$ 0.2697 6-May-16 6-May-23 A$ 0.2936 50,000 A$ 0.1961 25-May-15 25-May-23 A$ 0.3982 260,600 A$ 0.2654 20-Jul-15 20-Jul-23 A$ 0.4077 15,000 A$ 0.2513 5-Sep-17 5-Sep-23 A$ 0.4136 10,000 A$ 0.3062 9-Oct-15 9-Oct-23 A$ 0.4311 5,000 A$ 0.3376 10-Oct-13 10-Oct-23 A$ 0.5750 5,000 A$ 0.5415 10-Oct-13 10-Oct-23 A$ 0.5750 10,000 A$ 0.5415 4-Nov-16 4-Nov-23 A$ 0.2327 4,000 A$ 0.2448 28-Nov-16 28-Nov-23 A$ 0.2349 200,000 A$ 0.2621 28-Nov-16 28-Nov-23 A$ 0.2866 200,000 A$ 0.2504 28-Nov-16 28-Nov-23 A$ 0.3556 5,000 A$ 0.2370 17-Dec-13 17-Dec-23 A$ 0.6611 4,000 A$ 0.4573 24-Dec-15 24-Dec-23 A$ 0.5125 100,000 A$ 0.1798 30-Dec-15 30-Dec-23 A$ 0.4838 50,000 A$ 0.1912 2-Dec-21 31-Mar-24 A$ 0.2014 2,986,663 A$ 0.0890 27-Apr-15 27-Apr-24 A$ 0.4765 4,000 A$ 0.2601 6-May-16 6-May-24 A$ 0.2936 50,000 A$ 0.2068 25-May-15 25-May-24 A$ 0.3982 260,600 A$ 0.2780 2-Dec-21 30-Jun-24 A$ 0.2014 2,986,663 A$ 0.0900 2-Dec-21 30-Jun-24 A$ 0.2014 2,986,663 A$ 0.0910 20-Jul-15 20-Jul-24 A$ 0.4077 15,000 A$ 0.2640 5-Sep-17 5-Sep-24 A$ 0.4136 10,000 A$ 0.3236 9-Oct-15 9-Oct-24 A$ 0.4311 5,000 A$ 0.3521 4-Nov-16 4-Nov-24 A$ 0.2327 4,000 A$ 0.2546 28-Nov-16 28-Nov-24 A$ 0.2349 200,000 A$ 0.2721 Grant date Expiry date Exercise price Number of options Fair value 28-Nov-16 28-Nov-24 A$ 0.2866 200,000 A$ 0.2616 28-Nov-16 28-Nov-24 A$ 0.3556 5,000 A$ 0.2495 24-Dec-15 24-Dec-24 A$ 0.5125 100,000 A$ 0.1925 30-Dec-15 30-Dec-24 A$ 0.4838 50,000 A$ 0.2038 27-Apr-15 27-Apr-25 A$ 0.4765 4,000 A$ 0.2722 6-May-16 6-May-25 A$ 0.2936 50,000 A$ 0.2164 25-May-15 25-May-25 A$ 0.3982 260,600 A$ 0.2893 20-Jul-15 20-Jul-25 A$ 0.4077 15,000 A$ 0.2756 28-Aug-20 28-Aug-25 A$ 0.0136 6,000,000 A$ 0.0750 28-Aug-20 28-Aug-25 A$ 0.0136 6,000,000 A$ 0.0710 28-Aug-20 28-Aug-25 A$ 0.0136 500,000 A$ 0.1330 28-Aug-20 28-Aug-25 A$ 0.0136 500,000 A$ 0.1180 5-Sep-17 5-Sep-25 A$ 0.4136 10,000 A$ 0.3388 9-Oct-15 9-Oct-25 A$ 0.4311 5,000 A$ 0.3653 4-Nov-16 4-Nov-25 A$ 0.2327 4,000 A$ 0.2633 28-Nov-16 28-Nov-25 A$ 0.2349 200,000 A$ 0.2810 28-Nov-16 28-Nov-25 A$ 0.2866 200,000 A$ 0.2716 28-Nov-16 28-Nov-25 A4 0.3556 5,000 A$ 0.2605 24-Dec-15 24-Dec-25 A4 0.5125 100,000 A$ 0.2039 30-Dec-15 30-Dec-25 A$ 0.4838 50,000 A$ 0.2152 6-May-16 6-May-26 A$ 0.2936 50,000 A$ 0.2251 5-Sep-17 5-Sep-26 A$ 0.4136 10,000 A$ 0.3520 2-Dec-21 30-Sep-26 A$ 0.2014 2,986,663 A$ 0.0740 20-Nov-20 20-Oct-26 A$ 0.1519 100,000 A$ 0.0890 4-Nov-16 4-Nov-26 A4 0.2327 4,000 A$ 0.2710 28-Nov-16 28-Nov-26 A4 0.2349 200,000 A$ 0.2890 28-Nov-16 28-Nov-26 A$ 0.2866 200,000 A$ 0.2804 28-Nov-16 28-Nov-26 A 40.3556 5,000 A$ 0.2703 2-Dec-21 31-Dec-26 A$ 0.2014 2,986,663 A$ 0.0760 2-Dec-21 31-Mar-27 A4 0.2014 2,986,663 A$ 0.0780 2-Dec-21 31-Mar-27 A$ 0.0965 839,385 A$ 0.0900 2-Dec-21 30-Jun-27 A$ 0.2014 2,986,663 A$ 0.0790 2-Dec-21 30-Jun-27 A$ 0.0965 839,385 A$ 0.0910 5-Sep-17 5-Sep-27 A$ 0.4136 10,000 A$ 0.3636 2-Dec-21 30-Sep-27 A$ 0.2014 2,986,663 A$ 0.0810 2-Dec-21 30-Sep-27 A$ 0.0965 839,385 A$ 0.0920 20-Nov-20 20-Oct-27 A$ 0.1519 100,000 A$ 0.0950 2-Dec-21 31-Dec-27 A$ 0.2014 2,986,663 A$ 0.0820 2-Dec-21 31-Dec-27 A$ 0.0965 839,385 A$ 0.0940 2-Dec-21 31-Mar-28 A$ 0.2014 2,986,663 A$ 0.0840 2-Dec-21 31-Mar-28 A$ 0.0965 839,385 A$ 0.0950 2-Dec-21 30-Jun-28 A$ 0.2014 2,986,663 A$ 0.0850 2-Dec-21 30-Jun-28 A$ 0.0965 839,385 A$ 0.0960 2-Dec-21 30-Sep-28 A$ 0.2014 2,986,663 A$ 0.0860 2-Dec-21 30-Sep-28 A$ 0.0965 839,385 A$ 0.0970 20-Nov-20 20-Oct-28 A$ 0.1519 100,000 A$ 0.0990 2-Dec-21 31-Dec-28 A$ 0.2014 2,986,663 A$ 0.0880 2-Dec-21 31-Dec-28 A$ 0.0965 839,385 A$ 0.0980 2-Dec-21 31-Mar-29 A$ 0.0965 839,385 A$ 0.0980 2-Dec-21 30-Jun-29 A$ 0.0965 839,385 A$ 0.0990 2-Dec-21 30-Sep-29 A$ 0.0965 839,385 A$ 0.1000 20-Nov-20 20-Oct-29 A$ 0.1519 100,000 A$ 0.1030 2-Dec-21 31-Dec-29 A$ 0.2014 2,986,663 A$ 0.0920 Grant date Expiry date Exercise price Number of options Fair value 2-Dec-21 31-Dec-29 A$ 0.0965 839,385 A$ 0.1010 2-Dec-21 31-Mar-30 A$ 0.2014 2,986,663 A$ 0.0930 2-Dec-21 31-Mar-30 A$ 0.0965 839,385 A$ 0.1020 2-Dec-21 30-Jun-30 A$ 0.2014 2,986,662 A$ 0.0940 2-Dec-21 30-Jun-30 A$ 0.0965 839,385 A$ 0.1020 2-Dec-21 30-Sep-30 A$ 0.0965 839,385 A$ 0.1030 20-Nov-20 20-Oct-30 A$ 0.1519 100,000 A$ 0.1070 2-Dec-21 31-Dec-30 A$ 0.0965 839,385 A$ 0.1040 79,056,617 (c) Warrants When exercised, each warrant is convertible into one ordinary share. Movement in unlisted share warrants: 2022 2021 2020 Weighted Weighted Weighted Number average Number average Number average of warrants exercise of warrants exercise of warrants exercise price price price Opening balance at beginning of financial year 166,082,988 A$ 0.11 40,207,472 A$ 0.59 40,207,472 A$ 0.59 Granted during the financial year - - 150,000,000 A$ 0.06 - - Forfeited during the financial year - - - - - - Exercised during the financial year ( 8,000,000 ) A$ 0.06 - - - - Expired during the financial year ( 16,082,988 ) A$ 0.57 ( 24,124,484 ) A$ 0.59 - - Closing balance at June 30 142,000,000 A$ 0.06 166,082,988 A$ 0.11 40,207,472 A$ 0.59 The number of unlisted warrants vested and exercisable at June 30, 2022 is 142,000,000 (2021: 166,082,988 ). The weighted average remaining contractual life of any unlisted warrants outstanding at the June 30, 2022 is 1.16 years (2021: 2.6 years). Unlisted warrants issued during the year ended June 30, 2021 On August 26, 2020, shareholders approved, as consideration for Apeiron underwriting a share issue that would raise at least A$ 15 million, that Apeiron would be issued 150 million warrants to subscribe for shares at A$ 0.06 per share with an expiry date of August 26, 2023 . With the assistance of Apeiron a share placement was made that raised A$ 15,991,634 and the warrants vested on March 3, 2021. As per IFRS 2 'Share Based Payment', the warrants have been valued based on the fair value of the services received (underwriting a share issue) which has been calculated using a risk adjusted estimated fee of 9 % of the amount that was raised. Unlisted warrants exercised during the year ended June 30, 2022 On November 11, 2021, 2,000,000 warrants were exercised at A$ 0.06 per share. The share price at date of exercise was A$ 0.125 . The table below lists warrants outstanding at June 30, 2022. Grant Date Expiry date Exercise Price No of options Fair Value 26-Aug-20 26-Aug-23 A$ 0.06 142,000,000 A$ 0.01 |