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 300,000
Nominal value (if any) N/A
Issue/acquisition/redemption price per security $1.06 NZD
Nature of the payment (for example, cash or other
consideration)
Full settlement: Cash payment at the
exercised price.
Net settlement: N/A (as set out in the ikeGPS
Group Limited Employee Option Scheme
Rules)
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

0.19%
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 $1.06.

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
July 2021 until 30 September 2026.

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.

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

 
 
The options are no longer
exercisable on the first of (i) the
termination of the option holders’
service or (ii) its termination in
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 30 June 2026.
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 long-term 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.
Unlisted options: 5,874,000


Total ordinary shares currently on issue:
159,290,821
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
Directors’ resolution dated 19 November
2021
Terms or details of the issue, acquisition, or
redemption (for example: restrictions, escrow
arrangements)
The shares were issued with identical rights,
privileges, limitations, and conditions as, and
rank equally with, the existing ordinary
shares.
Date of issue/acquisition/redemption
2
19 November 2021
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this
announcement
Stephen Fairbrother
Contact person for this announcement Stephen Fairbrother
Contact phone number +64 4 382 8064
Contact email address stephen.fairbrother@ikegps.com
Date of release through MAP

19 November 2021
 
 
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).