WIDE OPEN AGRICULTURE LTD (WOA)

The suspension of trading in the securities of Wide Open Agriculture Ltd will be lifted from the commencement of trading on Monday, 7 October 2024 following lodgement of its Annual Report for the year ended 30 June 2024.

The company lodges Appendix 4G and Corporate Governance Statement.

The company lodges its annual report to shareholders.

The company has made material changes to its preliminary final report for the financial year ended 30 June 2024, as per ASX Listing Rule 4.3D. These changes include reclassifying the NAB bank overdraft account to borrowings, reclassifying the receivable from the sale of the Dirty Clean Food business to non-current assets, and writing off inventory acquired through the purchase of Prolupin GmbH.

The Company's 2024 Annual General Meeting of shareholders will be held on 28 November 2024 at 10:00am (AWST) at 2/284 Oxford Street, Leederville WA 6007. The closing date for director nominations for consideration at the Annual General Meeting is 10 October 2024. Any nominations must be received in writing no later than 5:00pm (AWST) on 10 October 2024 at the Company's registered office.

The securities of the company will be suspended from quotation under Listing Rule 17.5 from the commencement of trading today, Tuesday, 1 October 2024, for not lodging the relevant periodic report by the due date. If the report is lodged between the closure of the market announcements office on Monday, 30 September 2024, and the imposition of the suspension, the entity's securities will normally be reinstated to quotation on the next trading day after the suspension is imposed.

The suspension of trading in the securities of Wide Open Agriculture Ltd will be lifted from the commencement of trading tomorrow, 3 September 2024 following lodgement of its 2024 Preliminary Final Report.

The company lodges its Preliminary Final Report.

The securities of the company will be suspended from quotation under Listing Rule 17.5 from the commencement of trading today, Monday, 2 September 2024, for not lodging the relevant periodic report by the due date. If the report is lodged between the closure of the market announcements office on Friday, 30 August 2024, and the imposition of the suspension, the entity's securities will normally be reinstated to quotation on the next trading day after the suspension is imposed.

The suspension of trading in the securities of Wide Open Agriculture will be lifted immediately following the release by WOA of the announcement titled "˜Clarification of Announcement of 19 April 2023' and subsequent Capital Raising Announcement.

The company releases a notice of proposed issue of securities.

The company releases its Investor Presentation - New Leader in Lupin-Based Protein.

The company releases a prospectus for an offer to Eligible Shareholders of up to 7,500,000 New Shares at an issue price of A$0.20 per New Share under a share purchase plan to raise up to A$1.5 million (before costs).

The company releases a letter to its shareholders regarding the share purchase plan offer.

Wide Open Agriculture has secured binding commitments to raise approximately A$6.2m, enabling the acquisition of Prolupin GmbH's assets for A$4.2 million, making WOA the world's largest lupin protein producer and accelerating Buntine Protein's® global launch. The placement was cornerstoned by WOA's largest shareholder, Fanja Pon, and attracted strong support from new and existing shareholders and WOA Directors. The placement will see WOA issue approximately 31,147,740 new fully paid ordinary shares at an issue price of AUD$0.20 per share, representing a discount of 38.5% to the last closing price and 21.9% to the 15 day-trading VWAP before the shares were suspended from trading in April 2023. Prolupin, with over 25 years of experience in lupin protein manufacturing in Germany, has a facility with an initial production capacity of 500tpa, expected to reach 1,000tpa production of Buntine Protein® within 1-2 years. This acquisition provides WOA with an immediate operational presence in Europe and a state-of-the-art production facility, speeding up the timeline to commercial scale production and the global launch of Buntine Protein. The Company will launch a Share Purchase Plan to raise up to A$1.5m, under which, existing eligible WOA shareholders will be given the opportunity to acquire shares at the same issue price as shares issued under the Placement, subject to the Company obtaining shareholder approval at the next AGM for the purpose of ASX Listing Rule 7.1.

Wide Open Agriculture has entered into an agreement to acquire the assets of Prolupin GmbH, a leading European lupin protein producer, for €2.5m, granting WOA immediate commercial scale manufacturing capabilities to bring Buntine Protein to market. The purchase consideration includes Prolupin's advanced manufacturing facility, the patents to produce the Prolupin protein isolate, the "Luve" trademark, inventory of finished Prolupin protein products as well as a supply of raw materials including lupins. The acquisition enables WOA to gain an immediate operational footprint in Europe, with Prolupin's facility to be modified to produce WOA's Buntine Protein®. The facility is expected to reach 1,000 tonnes per annum (tpa) production. WOA will focus on a B2B-centric approach post-acquisition, leveraging Prolupin's established B2B network in the European plant-based dairy market, and its own significant pipeline, to supply large global ingredient and food manufacturing companies. WOA values the environmental advantages of lupins, including soil rejuvenation, landscape renewal, and nitrogen fixing as part of a grain cropping system, and will integrate Prolupin's experienced engineering team and technology to diversify and enhance its lupin product catalogue. Purchase consideration of €2.5m (AUD $4.2m) to be funded via a forthcoming capital raise, details of which are being finalised and will be disclosed in due course. In addition, WOA will pay approx. €0.1m for operating costs from 1 September until the date of signing the Asset Purchase Agreement.

The Company wishes to clarify a few things regarding the announcement of 19 April 2023. The advanced confidential negotiations referenced resulted in a non-binding Memorandum of Understanding with Saputo Dairy Australia Pty Ltd, which is consistent with the description by the Company, dated 6 October 2023. The purpose of the non-binding MOU is to provide the parties with a framework to negotiate a legally binding "˜Definitive Agreement' for the production of Buntine Protein. The Company confirms that no commercial production will occur under the MOU and no costs incurred. The Company has advised ASX that it intends to undertake a capital raise details of which will be announce to market once finalised. At this stage, the Company is intending to undertake a private placement and a share purchase plan offer to all shareholders. Accordingly, the Company's securities will continue to be suspended from quotation until the Company announces the capital raise to market.

The company releases an Appendix 4G and Corporate Governance Statement.

WOA releases Annual Report including Statutory Accounts.

Wide Open Agriculture has secured two exclusive Distribution Agreements in the United States to promote and establish a commercial market for their breakthrough Buntine Protein. The U.S. market is seen as a prime opportunity due to its leadership in plant-based food innovation, consumption and its considerable purchasing power with many of the world's leading brands based there. The chosen distribution partners have been selected based on their vast sales network and expertise in introducing new ingredients in the U.S. market. The partnership is set to provide coverage across 24 states, and efforts are underway to further extend this reach. WOA is planning to provide these partners with Buntine Protein samples from its Kewdale facility for evaluation by U.S. customers, and successful trials may lead to the development and commercial release of products containing Buntine Protein. After being showcased at the International Food Technology Expo in Chicago in July 2023, Buntine Protein® received positive feedback for its taste and sustainability attributes. The distribution deals provide validation of the sales potential of Buntine Protein.

Wide Open Agriculture has partnered with Alchemy Agencies to distribute Buntine Protein in Australia, New Zealand, and the Pacific Islands. Alchemy is a specialty distributor of high-performance food ingredients and chemicals. The deal will accelerate WOA's domestic and regional sales presence for Buntine Protein.

The company lodges its Preliminary Final Report.

The company lodges its Appendix 4C and Quarterly Update.

The company will host a live web presentation to review financial results for its fourth fiscal quarter on 28 July 2023. The company will review financial results, provide a detailed update on Dirty Clean Food and Buntine Protein and discuss its outlook for the first fiscal quarter 2024. The company will release its Appendix 4C and Quarterly Update on Friday 28 July, which participants are encouraged to view in conjunction with the web presentation. The webinar will take place on Friday, 28 July 2023 commencing at 11:00AM AEST (9:00AM AWST) and will be hosted by CEO Jay Albany, and CFO Matthew Skinner.

Wide Open Agriculture has published its first annual Regeneration Report, highlighting the company's accomplishments and commitment to Regenerative Agriculture. WOA aims not only to sustain the health of the planet but also to actively enhance it and improve the lives of people. Utilising a unique '4 Returns' framework adopted from the Commonland Foundation, WOA is dedicated to creating great tasting and sustainable food and beverages while instigating longterm, systemic, and positive impacts on the food and farming system. Notable achievements mentioned in the report include receiving a Climate Active carbon neutral certification for the WOA organisation and Dirty Clean Food's Oat Milk, reducing plastic packaging by 87%, and leading a reforestation project that will plant 100,000 new seedlings across five farms. Through its Dirty Clean Food brand, WOA influences over 26,000 hectares of land under regeneration, facilitated over 500,000 customer interactions, and supported more than 60 regenerative farmers and ethical food businesses during the year.

The company releases a notification of cessation of securities.

Wide Open Agriculture has received an AUD$5 million grant from the Western Australian Government to establish a production facility for Buntine Protein enhanced oat milk, underlining the Company's dedication to sustainable plant-based beverage innovation. The facility will be located in Western Australia, a region globally recognised for high-quality oat production, and will initially produce oat milk in various formats using the Company's proprietary lupin-based plant protein, Buntine Protein. The new facility is projected to potentially increase WOA's domestic production capabilities, enhance manufacturing efficiencies, and reduce costs, while enabling the Company to navigate rapidly evolving consumer beverage markets effectively. The AUD$5 million grant will be allocated in stages based on specific milestones and reporting achievements, with critical steps including the execution of the Financial Assistance Agreement and securing necessary approvals for construction and operation of the plant. Completion is anticipated to occur by June 2025. Recently, WOA has also successfully manufactured a Ready-to-Drink prototype of its Buntine Protein oat milk - a nutritional, versatile, and sustainable alternative to traditional dairy milk and other oat milks.

The company releases a notice of application for quotation of securities.

The company previously anticipated that they would be able to announce their commercial Buntine Protein production partner by June 30, 2023. Despite missing the deadline, the company would like to reassure shareholders that they are working diligently to finalise all necessary agreements and expect an official announcement will be made in the coming weeks.

14,000,000 ordinary shares will be released from voluntary escrow on 6 July 2023. The escrow arrangements are in connection with the initial public offering of WOA. To reflect their long term commitment to the Company, the 3 major shareholders (Commonland Foundation, Anthony Maslin and his wife, Marite Norris, as joint holders and Ben Cole) entered into voluntary restriction or escrow deeds restricting the disposal of a portion of their Shares together totalling 14,000,000 Shares for a period of 5 years from the date on which official quotation of the Shares on ASX commenced.

The securities of Wide Open Agriculture Ltd were suspended from quotation at WOA's request on 24 April 2023, pending the release of a market announcement clarifying the announcement released by WOA on 19 April 2023 titled "Letter from CEO providing business update". On 27 April 2023, ASX required WOA to provide specified information for release to the market in relation to the "advanced confidential negotiations with a strategic production partner" referenced in its 19 April 2023 announcement. WOA has failed to comply with that requirement. As a consequence, WOA's securities will now be suspended from quotation by ASX under Listing Rule 17.3.1, until such time as ASX is satisfied with WOA's compliance with the Listing Rules and that it is otherwise appropriate for WOA's securities to be reinstated to quotation.

The company releases an Investor Webinar.

The company lodges its Appendix 4C and Quarterly Update - March 2023.

The securities of Wide Open Agriculture Ltd will be suspended from quotation immediately under Listing Rule 17.2, at the request of WOA, pending the release of an announcement regarding a clarification to the announcement released by WOA on 19 April 2023.

listed entity carried for record purposes only