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ikeGPS provides the attached Appendix 3B

Capital Change31 October 2022IKEMaterials

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

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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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