IKE requests trading halt for share placement

FOR IMMEDIATE RELEASE
9 August 2021

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES
IKE requests trading halt for share placement
ikeGPS Group Limited (‘IKE’) has today applied for a trading halt on the NZX and ASX to complete a
share placement, under which it is seeking to raise A$18.3 million (approximately NZ$19.2 million).
The price at which shares will be issued under the share placement will be determined by IKE
following an institutional bookbuild. On completion of the placement, IKE expects to offer a share
purchase plan to all eligible shareholders under which it would seek to raise A$3 million
(approximately NZ$3.1 million). IKE expects to offer shares to eligible shareholders under the share
purchase plan at the same price as shares are issued under the share placement.

Part of IKE’s stated growth objectives is the completion of acquisitions. For instance, in H2 FY21, IKE
acquired the assets of Visual Globe LLC. IKE proposes to carry out the share placement and the
share purchase plan in order to ensure it is well capitalised to execute on potential future acquisition
opportunities as those opportunities arise, as well as to fund organic growth opportunities.

IKE expects to be in a position to make an announcement on the outcome and pricing of the share
placement and the details of its proposed share purchase plan prior to the commencement of
trading on Wednesday, 11 August.

IKE provides the attached cleansing notice in relation to this share placement and the share
purchase plan.

This announcement has been authorised for release to NZX and ASX by the IKE Board of Directors.

ENDS


About ikeGPS

We’re IKE, the PoleOS Company. IKE seeks to be the standard for collecting, analysing and managing
pole and overhead asset information for electric utilities, communications companies, and their
engineering service providers.

Contact:
Simon Hinsley
Investor Relations
+61-401-809-653
simon@nwrcommunications.com.au

Glenn Milnes
CEO
+1 720-418-1936
glenn.milnes@ikegps.com

This announcement has been prepared for publication in Australia and New Zealand and may not be
released to US wire services or distributed in the United States. This announcement does not
constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any
other jurisdiction. Any securities described in this announcement have not been, and will not be,
registered under the US Securities Act of 1933 and may not be offered or sold in the United States
except in transactions exempt from, or not subject to, the registration of the US Securities Act and
applicable US state securities laws.

---

ikeGPS Inc.
Level 7, 186 Willis St
Wellington 6011

9 August 2021
Client Market Services
NZX Limited
Level 1, NZX Centre
11 Cable Street
Wellington 6011
ASX Limited
525 Collins Street
Melbourne VIC 3000, Australia
NOTICE PURSUANT TO CLAUSE 20(1)(a) OF SCHEDULE 8 TO THE FINANCIAL MARKETS
CONDUCT REGULATIONS 2014
1 ikeGPS Group Limited (NZX/ASX: IKE) (IKE) has announced that intends to undertake
a capital raising, comprising of a placement and a share purchase plan, under each of
which new fully paid ordinary shares in IKE of the same class as already quoted on the
NZX Main Board of NZX Limited and the Australian Securities Exchange operated by
ASX Limited will be offered (Offer).
2 Pursuant to clause 20(1)(a) of Schedule 8 to the Financial Markets Conduct Regulations
2014 (FMC Regulations), the Financial Markets Conduct Act 2013 (FMCA) and the
Australian Corporations Act 2001 (Cth) (Corporations Act), IKE states that:
2.1 IKE is making the Offer in reliance upon the exclusion in clause 19 of Schedule 1
to the FMCA; and
2.2 IKE is giving this notice under:
(a) clause 20(1)(a) of Schedule 8 to the FMC Regulations;
(b) paragraph 708A(12G) of the Corporations Act, as notionally inserted by
ASIC Instrument 16-1121; and
(c) ASIC Corporations (Share and Interest Purchase Plans) Instrument
2019/547 as amended by ASIC Instrument 21-0685.
3 IKE will issue the relevant securities under the Offer without disclosure to investors
under Part 6D.2 of the Corporations Act.
4 As at the date of this notice:

2

4.1 IKE is in compliance with the continuous disclosure obligations that apply to it in
relation to ikeGPS’s quoted ordinary shares;
4.2 IKE is in compliance with its financial reporting obligations (as defined in clause
20(5) of Schedule 8 to the FMC Regulations);
4.3 IKE has complied with its obligations under Rule 1.15.2 of the listing rules of ASX
Limited; and
4.4 there is no information that is “excluded information” as defined in clause 20(5)
of Schedule 8 to the FMC Regulations in respect of IKE.
5 The Offer is not expected to have any effect on the control of IKE within the meaning
set out in clause 48 of Schedule 1 to the FMCA.
This notice has been authorised for release to NZX and ASX by:
Stephen Fairbrother
Chief Financial Officer
ikeGPS Group Limited