Share Purchase Plan Completion

13 August 2025
Not for release or distribution in the United States
IKE Successfully Completes Oversubscribed Share Purchase Plan
Key Highlights
• ikeGPS Group Limited (IKE / ikeGPS) (NZX/ASX: IKE) is pleased to announce that its up to A$2.0
million (approximately NZ$2.2 million) non-underwritten share purchase plan (SPP) has closed
substantially oversubscribed. The SPP was strongly supported by eligible shareholders, with IKE
receiving valid applications totalling approximately A$8.27 million (approximately NZ$9.00
million).
• In recognition of the support from eligible shareholders, IKE has elected to increase the size of the
SPP to accept all valid applications (up to the maximum application amount). This will result in IKE
accepting an additional approximately A$6.27 million (approximately NZ$6.8 million) of
subscriptions, bringing the total amount raised under the SPP to approximately A$8.27 million
(approximately NZ$9.0 million).
• A total of approximately 10.22 million new fully paid IKE ordinary shares will be issued under the
SPP at the issue price of A$0.81 or NZ$0.88 per share.
Commenting on the successful SPP, IKE’s Chief Executive Officer & Managing Director, Glenn Milnes
said:
“We are extremely pleased by the level of support we have received from our existing shareholders for the
SPP. This support places us in a strong position to execute on our accelerated growth plans, as detailed in
our Investor Presentation provided to the NZX and ASX on 10 July 2025.”
Under the SPP, eligible IKE shareholders, being shareholders who have a registered address in Australia
and New Zealand on IKE’s register at 7.00pm AEST / 9.00pm NZST on Wednesday, 9 July 2025, had the
opportunity to apply for up to a maximum of A$30,000 or NZ$32,500 of new shares.
Settlement of the SPP and allotment and commencement of trading of the new shares issued under
the SPP is expected to occur on 14 August 2025. The new shares will rank equally with existing fully
paid ordinary IKE shares from the date of issue.
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

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.