IKE announces opening of A$2 million Share Purchase Plan

Capital Raise15 July 2025IKEMaterials

16 July 2025
Not for release or distribution in the United States
Opening of A$2.0m Share Purchase Plan
Highlights
• Opening of a Share Purchase Plan (SPP) for A$2.0m (approximately NZ$2.2m) with the ability to
accept oversubscriptions at IKE’s complete discretion. The SPP is expected to close on 7 August
2025.
• The SPP follows the fully underwritten share placement which raised approximately A$18.0m
(approximately NZ$19.6m) (Placement).
• Proceeds from the Placement and the SPP will be used to fund new product development to
maintain and extend IKE’s market leadership, accelerate sales and marketing efforts, and provide
balance sheet flexibility to execute on potential strategic bolt-on acquisition opportunities and
general working capital.
• IKE will develop two important new next-generation subscription product modules in
collaboration with its extended customer-council, which are intended to extend IKE’s value in how
utilities and communications companies capture, digitize, and manage their distribution
networks.
The SPP provides each shareholder of IKE as at 7:00pm AEST / 9:00pm NZST on Wednesday 9 July
2025 (Record Date) with a registered address in New Zealand or Australia (Eligible Shareholder) with
the opportunity to apply for up to A$30,000 / NZ$32,500 of new shares at A$0.81 (NZ$0.88)
1
, being
the price paid per new share in the Placement. The SPP is targeting to raise up to A$2.0m
(approximately NZ$2.2m), while maintaining the flexibility to accept applications in excess of this
amount.
If the SPP is oversubscribed, any scale back to the number of new shares to be allotted under the SPP
to each applicant will be by reference only to the number of fully paid IKE shares held by those Eligible
Shareholders accepting the SPP on the Record Date. In the event of scaling, the value of SPP shares
allocated to investors may be less than the parcel initially applied for. If this occurs, any excess money
will be refunded (without interest). IKE expects to announce the final outcome of the SPP, including
any scaling, on 12 August 2025.
The SPP is subject to the terms and conditions included in the SPP offer booklet, being sent to eligible
shareholders today, and available together with this announcement.
Eligible Shareholders are encouraged to read the SPP booklet carefully, and if in any doubt about
whether or not to apply for shares under the SPP, to consult with a financial or other professional
advisor.
All Eligible Shareholders are encouraged to visit www.ikeshareoffer.co.nz and apply for new shares
online before the closing date at 5:00pm AEST / 7:00pm NZST on Thursday, 7 August 2025.
Each new share issued under the SPP will rank equally with existing shares with effect from its date of
issue and IKE will seek quotation of the new shares issued under the SPP on the NZX and ASX.
Shareholder approval is not required for the issue of shares under the SPP.

1
Based on an NZD:AUD exchange rate of 1:0.9184 as at 9 July 2025 (RBA Quoted Exchange Rate at 4pm).

Indicative Timetable for the Placement and SPP
2

Event Indicative Date / Time
Record Date for eligibility to participate in SPP
7.00pm AEST / 9.00pm NZST, Wednesday, 9
July 2025
Trading halt lodged on NZX and ASX, and
announcement of Placement and SPP
Thursday, 10 July 2025
Placement bookbuild opens
9.00am AEST / 11.00am NZST, Thursday, 10
July 2025
Placement bookbuild closes
5.00pm AEST / 7.00pm NZST, Thursday, 10
July 2025
Trading halt lifted and announcement of
completion of Placement
Monday, 14 July 2025
SPP opens and SPP offer booklet is made available Wednesday, 16 July 2025
Settlement of new shares issued under the
Placement on NZX and ASX
Monday, 21 July 2025
Allotment and commencement of trading of new
shares issued under the Placement on NZX and
ASX
Tuesday, 22 July 2025
SPP closing date
5.00pm AEST / 7.00pm NZST, Thursday, 7
August 2025
Announcement of results of SPP Tuesday, 12 August 2025
Allotment of new shares issued under the SPP on
NZX and ASX
Thursday, 14 August 2025
Commencement of trading of new shares issued
under the SPP on NZX
Thursday, 14 August 2025
Commencement of trading of new shares issued
under the SPP on ASX
Friday, 15 August 2025

This announcement was authorised for lodgement with NZX and ASX by the IKE board of directors.

Contact
For further information, please contact:

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

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

2
The timetable presented is indicative only and subject to changes without notice (subject to applicable
laws and the NZX and ASX Listing Rules). All dates and times are New Zealand times (unless stated
otherwise).

About IKE
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. The IKE platform allows electric utilities, communications companies,
and their engineering service providers to increase speed, quality, and safety for the construction and
maintenance of distribution assets. The revenue engine for IKE is driven by both the number of users
within enterprise customers subscribing to the IKE platform and the volume of assets (called
Transactions) being processed through IKE software.

Not for release or distribution in the United States
This market release has been prepared for publication in Australia and New Zealand and may not be
released or distributed in the United States. This market release does not constitute an offer to sell, or
a solicitation of an offer to buy, any securities in the United States or any other jurisdiction in which
such an offer would be illegal. The securities referred to in this release have not been, and will not be,
registered under the US Securities Act of 1933 as amended (the US Securities Act) or the securities
laws of any state or other jurisdiction of the United States and may not be offered or sold, directly or
indirectly, in the United States or to persons acting for the account or benefit of a person in the United
States except in transactions exempt from, or not subject to, the registration requirements of the US
Securities Act and the securities laws of any state or other jurisdiction of the United States. The
securities to be offered and sold in the SPP may only be offered and sold outside the United States in
“offshore transactions” (as defined in Rule 902(h) under the US Securities Act) in reliance on Regulation
S under the US Securities Act.

You must not send copies of this announcement or any other material relating to the SPP to any person
in the United States or elsewhere outside Australia and New Zealand. The release, publication or
distribution of this announcement (including an electronic copy) outside New Zealand or Australia may
be restricted by law. If you come into possession of this announcement, you should observe such
restrictions. Any non-compliance with these restrictions may contravene applicable securities laws.

Important notice
This market release does not constitute investment or financial product advice, nor is it a
recommendation to acquire shares in IKE. It is not intended to be used as the basis for making a
financial decision, nor is it intended to constitute legal, tax, accounting or other advice. You should make
your own enquiries and investigations regarding any investment, and should seek your own professional
advice on the legal, financial, accounting, taxation and other consequences of investing in IKE.

This market release is not a prospectus, product disclosure statement or any other disclosure or
offering document under New Zealand and Australian law (and has not been, and will not be, lodged
with the Australian Securities and Investments Commission) or any other law. This market release is
for information purposes only and is not an invitation or offer of securities for subscription, purchase
or sale in any jurisdiction and neither this market release nor anything in it shall form any part of any
contract for the acquisition of IKE shares.

Disclaimer
To the maximum extent permitted by law, IKE and its respective affiliates, related bodies corporate,
directors, officers, partners, employees, agents and advisers (Relevant Parties) disclaim all liability and
responsibility (whether in tort (including negligence) or otherwise) for any direct or indirect loss or
damage which may be suffered by any person through use of or reliance on anything contained in, or
omitted from, this announcement. None of the Relevant Parties have authorised, permitted or caused
the issue, submission, dispatch or provision of this announcement and none of them makes or purports
to make any statement in this announcement and there is no statement in this announcement which is
based on any statement by any of them. The Relevant Parties make no representation or warranty,
express or implied, as to the currency, accuracy, reliability or completeness of information in this
announcement and, with regard to the Relevant Parties take no responsibility for any part of this
announcement, the Placement or the SPP. The Relevant Parties make no recommendations as to

whether you or your related parties should participate in the SPP nor do they make any representations
or warranties to you concerning the SPP, and you represent, warrant and agree that you have not relied
on any statements made by the Relevant Parties in relation to the SPP and you further expressly
disclaim that you are in a fiduciary relationship with any of them. Statements made in this
announcement are made only as at the date of this announcement. The information in this
announcement remains subject to change without notice. Determination of eligibility of investors for
the purposes of the SPP is determined by reference to a number of matters, including legal regimes
and the discretion of IKE. IKE disclaims all liability in respect of the exercise of that discretion to the
maximum extent permitted by law.

---

Share Purchase Plan
Offer Document
ikeGPS Group Limited
16 July 2025
Not for distribution ďīīÐăÐĮÐðĊthe United States.
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32025 ikeGPS Annual Report
www.ikegps.com

IKE completes A$18 million placement Date for release of IKE’s quarterly performance update

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.