Pharmazen

[lorraina]

24 December 2025
Market update
PharmaZen Ltd advises that Vincent Pooch has resigned from the Board for health reasons, effective
immediately.
Max Shepherd will rejoin the Board as interim Chairman, upon his return from overseas travel in
February.
Following the resolution of the CIBUS debt conversion, the Company has progressed a capital raise and
is in advanced discussions regarding a strategic placement. Further updates will be provided as
appropriate.
The Company continues to have the support of its banker.
Craig McIntosh
Managing Director

[Minimoke]

24 December 2025
Market update
PharmaZen Ltd advises that Vincent Pooch has resigned from the Board for health reasons, effective
immediately.
Max Shepherd will rejoin the Board as interim Chairman, upon his return from overseas travel in
February.
Following the resolution of the CIBUS debt conversion, the Company has progressed a capital raise and
is in advanced discussions regarding a strategic placement. Further updates will be provided as
appropriate.
The Company continues to have the support of its banker.
Craig McIntosh
Managing Director

Vincent seemed Ok at the AGM. Add how a health issue comes up and immediately takes you out of the business.

[Basil]

Pretty sad "Christmas card" from PAZ.  Not a single word on trading conditions which continues their truly woeful track record of shareholders communications over recent years.  The memo is just dangling a bit of hope that a white knight will rescue the company from receivership.  I guess some hope is better than none.  Quite obviously Vincent Pooch is sick of the stress of trying to keep the wolf from the door.  Good luck guys.

[lorraina]

Going to be another "interesting " year for PAZ in 2026.
Good manufacturing equipment,good products,good sector,nothing a decent capital raise can not fix.

[Sideshow Bob]

Going to be another "interesting " year for PAZ in 2026.
Good manufacturing equipment,good products,good sector,nothing a decent capital raise can not fix.

Cash normally helps but track record, management, delivering on promises and execution count for alot.

Needs runs on the board or likely just good money after bad?

Financial year just finished and lets hope we don't have to wait until the end of May like last year to get results....

[Basil]

Needs runs on the board or likely just good money after bad?

No need for a question mark after that statement in my opinion.  Shareholder communication in recent years has been appalling.  They've basically shot themselves in the foot in terms of asking existing shareholders for more capital, is how I see it.

[lorraina]

I am looking forward to the capital raise prospectus.
Should make for interesting reading.?

[Minimoke]

I am looking forward to the capital raise prospectus.
Should make for interesting reading.?

I got the sense they are are already talking to someone.

[lorraina]

I think you are right,
"Following the resolution of the CIBUS debt conversion, the Company has progressed a capital raise and
is in advanced discussions regarding a strategic placement"

[Minimoke]

Trading halt. Pending finalisation of a potentially significant deal with overseas interest.

Gee all those traders who were lined up will be disappointed

"The Board advises shareholders that it is in active negotiations with an overseas party regarding a potential major investment in PharmaZen.

These negotiations are at a critical stage and as a result the Board has placed a trading halt on PharmaZen shares until the negotiations are concluded.

The Board will keep shareholders informed as this matter develops further."

[Sideshow Bob]

Yes, a trading halt when it hasn't traded for 123 days......the irony!!

[Minimoke]

Yes, a trading halt when it hasn't traded for 123 days......the irony!!

Thats so funny.

I doubt progress has been made on sale of other Rolleston site - road out side the place is closed.

[lorraina]

We live in interesting times.?.!.
Should know just how interesting shortly..lol

[Minimoke]

PAZ need a good hard kick up the rear end. Web site only has the 2023 Annual report on it. Its terribly out of date. Communication with shareholders is abysmal. Need a decent Board of Directs. Burt hasn't been seen for ages, McIntosh is too close to the business and poor decisions. Chen not really a heavy hitter.

So I'm hoping for a new investor who can actually take this company forward in a significant structure and managed way.

[Sideshow Bob]

We live in interesting times.?.!.
Should know just how interesting shortly..lol

In this instance it is "interesting times" unfortunately, rather than the usual "well positioned"......