ikeGPS provides the attached Appendix 3B
Proposed issue of securities
Proposed issue of securities
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Announcement Summary
Entity name
IKEGPS GROUP LIMITED
Announcement Type
New announcement
Date of this announcement
31/10/2022
The Proposed issue is:
Total number of +securities proposed to be issued for a placement or other type of issue
ASX +security code+Security description
Maximum Number of
+securities to be issued
IKEORDINARY FULLY PAID FOREIGN EXEMPT NZX258,242
Proposed +issue date
1/11/2022
Refer to next page for full details of the announcement
A placement or other type of issue
For personal use only
Proposed issue of securities
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Part 1 - Entity and announcement details
1.1 Name of +Entity
IKEGPS GROUP LIMITED
We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees
to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in
Appendix 3B of the ASX Listing Rules.
If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also
apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set
out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under
the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX
an Appendix 2A online form notifying ASX of their issue and applying for their quotation).
1.2 Registered Number Type
ARBN
Registration Number
615503145
1.3 ASX issuer code
IKE
1.4 The announcement is
1.5 Date of this announcement
31/10/2022
1.6 The Proposed issue is:
A placement or other type of issue
New announcement
For personal use only
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Proposed issue of securities
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Part 7 - Details of proposed placement or other issue
Part 7A - Conditions
7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other
type of issue can proceed on an unconditional basis?
Part 7B - Issue details
Is the proposed security a 'New
class' (+securities in a class that is
not yet quoted or recorded by ASX)
or an 'Existing class' (additional
securities in a class that is already
quoted or recorded by ASX)?
Will the proposed issue of this
+security include an offer of
attaching +securities?
Details of +securities proposed to be issued
ASX +security code and description
IKE : ORDINARY FULLY PAID FOREIGN EXEMPT NZX
Number of +securities proposed to be issued
258,242
Offer price details
Are the +securities proposed to be issued being issued for a cash
consideration?
Please describe the consideration being provided for the +securities
The issue is part of the acquisition price for certain assets of PowerLine Technology Inc as per the asset purchase
agreement entered into and disclosed to the market on 27 September 2019.
The allotment is the third tranche of deferred consideration of USD$90,000 (NZD$154,945, AUD $140,303) of IKE
ordinary shares at NZD$0.60 (AUD$0.54).
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
140,303.000000
Will these +securities rank equally in all respects from their issue date with
the existing issued +securities in that class?
No
No
Existing class
No
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the existing issued +securities in that class?
Part 7C - Timetable
7C.1 Proposed +issue date
1/11/2022
Part 7D - Listing Rule requirements
7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules?
7D.4 Will any of the +securities to be issued be subject to +voluntary escrow?
Part 7E - Fees and expenses
7E.1 Will there be a lead manager or broker to the proposed issue?
7E.2 Is the proposed issue to be underwritten?
7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue
No
No
No
No
Yes
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Part 7F - Further Information
7F.01 The purpose(s) for which the entity is issuing the securities
The issue is part of the acquisition price for certain assets of PowerLine Technology Inc, as previously disclosed to the
market on 27 September 2019.
7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds?
7F.2 Any other information the entity wishes to provide about the proposed issue
7F.3 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with
the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of:
Not applicable - the entity has arrangements in place with the holder that ensure the securities cannot be on-sold within
12 months in a manner that would breach section 707(3) or 1012C(6)
No
Not applicable - the entity has arrangements in place with the holder that ensure the securities cannot be on-sold within
12 months in a manner that would breach section 707(3) or 1012C(6)
No
For personal use only
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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