Notification of Issue of Additional Unlisted Options

Capital Change Notice



Section 1: Issuer information
Name of issuer ikeGPS Group Limited
NZX ticker code IKE
Class of financial product Unlisted options
ISIN (If unknown, check on NZX website) NZIKEE0001S9
Currency NZD
Section 2: Capital change details
Number issued/acquired/redeemed 400,000
Nominal value (if any) N/A
Issue/acquisition/redemption price per security Nil on issue
Nature of the payment (for example, cash or other
consideration)
Unlisted Options
Amount paid up (if not in full) N/A
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% (if these options were
exercised on the date of this notice,
the number of ordinary shares that
would be issued would constitute
0.39% of the ordinary shares then
on issue).
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 have an exercise price
of $0.51.

The terms of each Option are as set
out in the ikeGPS Group Limited
Employee Option Scheme Rules
and the offer letter sent to the
employee.

The options are exercisable from 01
October 2019 until 31 March 2025.

Any share to be issued on the
exercise of the Options will be
issued on the same terms and will
rank equally in all respects with the
ordinary shares the company
currently has on issue.

The options are no longer
exercisable on the first of (i) the
termination of the option holders’
service or (ii) its termination in

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

connection with a change of control
in the company (unless the Board
elects to accelerate the exercise
period of the options to immediately
prior to the effective date of a
change of control) or (iii) after 31
March 2025.
Reason for issue/acquisition/redemption and specific
authority for issue/acquisition/redemption/ (the reason for
change must be identified here)
Issue of unlisted options under the
IKE Employee Option Scheme
effective from June 2014, to retain
and reward employees and directors
and to motivate such individuals to
contribute to the growth and
profitability of IKE.
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.
5,205,000 unlisted options.

Total ordinary shares 101,314,638.
In the case of an acquisition of shares, whether those
shares are to be held as treasury stock
N/A
Specific authority for the issue, acquisition, or
redemption, including a reference to the rule pursuant to
which the issue, acquisition, or redemption is made
Board resolution 22 November 2019
Terms or details of the issue, acquisition, or redemption
(for example: restrictions, escrow arrangements)
See principle terms above
Date of issue/acquisition/redemption
2
2 December 2019
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Chris Birkett
Contact person for this announcement Chris Birkett
Contact phone number +64 4 382 8064
Contact email address Chris.birkett@ikegps.com
Date of release through MAP

2/12/2019



1

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).