Notification of Issue of Additional Unlisted Options

Template
Capital Change Notice

Updated as at June 2023

Please do not amend or delete individual rows. As this template relates to prescribed content, changes to content
should only be made where it is clearly indicated that this is permitted, otherwise, if an Issuer considers a particular
element does not apply, mark the row as N/A, Any other changes to this prescribed form must first be approved by
NZX as required under NZX Listing Rule 3.26.1.

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 1,784,667
Nominal value (if any) N/A
Issue/acquisition/redemption price per security $ 0.79
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

1.12%
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 $0.79.

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 April 2023 until 31 July
2028.

Any share to be issued on the
exercise of the Options will be

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

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 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 July
2028.
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: 9,237,917

Total ordinary shares currently
on issue: 160,024,338
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 22
August 2023
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
4 September 2023
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement James Macdonald
Contact person for this announcement James Macdonald

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).

Template
Capital Change Notice

Updated as at June 2023
Contact phone number +64 4 382 8064
Contact email address James.macdonald@ikegps.com
Date of release through MAP

18/12/2023