SPH Notice - Douglas Irrevocable Descendants Trust

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Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
To: NZX Limited
and
To: ikeGPS Group Limited
Date this disclosure made: 29 January 2025
Date last disclosure made: 23 February 2023
Date on which substantial holding ceased: 28 January 2025
Substantial product holder(s) giving
disclosure:

Full name(s) Douglas Irrevocable Descendants Trust
Administrative Trust under the Douglas Family
Trust
K&M Douglas Trust
Summary of previous substantial holding
Class of quoted voting products: Ordinary Shares
Summary for FBIM
For last disclosure,—
(a) total number held in class: 9,766,922
(b) total in class: 159,731,745
(c) total percentage held in class:

6.11%
For current holding after ceasing to have substantial holding,—
(a) total number held in class: 5,940,662
(b) total in class: 160,749,737
(c) total percentage held in class:

3.696%
Details of transactions and events giving rise to ceasing of substantial holding
Date of event Nature of event Consideration Number of financial products
28 January 2025 on market sales $2,334,018.60 3,826,260


Additional information
Address(es) of substantial product holder(s): c/o – Douglas Telecommunications, Inc.
300 A Drakes Landing Road
Suite 200
Greenbrae 94904
UNITED STATES OF AMERICA

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Contact details: David Price
T: +64 4 495 1323
E: david.price@forsythbarr.co.nz
Nature of connection between substantial
product holders:
Trusts relating to the Douglas family
Name of any other person believed to have
given, or believed to be required to give, a
disclosure under the Financial Markets
Conduct Act 2013 in relation to the financial
products to which this disclosure relates:
Not applicable
Certification
I, David Graeme Price, certify that, to the best of my knowledge and belief, the information
contained in this disclosure is correct and that I am duly authorised to make this disclosure by all
persons for whom it is made.