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IKEGPS GROUP LIMITED Capital/Financing Update 2021

Aug 8, 2021

65113_rns_2021-08-08_ea70a037-779b-4095-9c6c-5ec47d598005.pdf

Capital/Financing Update

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Market Announcement

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9 August 2021

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ikeGPS Group Limited (ASX: IKE) – Trading Halt

Description

The securities of ikeGPS Group Limited (‘IKE’) will be placed in trading halt at the request of IKE, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Wednesday, 11 August 2021 or when the announcement is released to the market.

Issued by

Dean Litis

Principal Adviser, Listings Compliance (Melbourne)

Market Announcement 1/1 ASX Customer Service Centre 131 279 | asx.com.au

9 August 2021 ASX Limited

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9 August 2021

Mr Dean Litis Principal Adviser, Listings Compliance (Melbourne) ASX Compliance Pty Ltd Level 4, North Tower, Rialto 525 Collins Street Melbourne VIC 3000 [email protected] [email protected]

Dear Dean,

ikeGPS Group Limited - Request for trading halt

ikeGPS Group Limited (NZX/ASX: IKE) (IKE) requests that its shares be placed in a trading halt from the commencement of trading today pursuant to ASX Listing Rule 17.1.

The trading halt is requested by IKE in connection with a capital raising to be undertaken by way of a placement (Placement) and share purchase plan, to be conducted by Bell Potter Securities Limited (Lead Manager).

IKE requests that the trading halt remain in place until the earlier of:

  • (a) an announcement being made about the completion of the Placement (which IKE expects to be able to make prior to market open on Wednesday, 11 August 2021); or

  • (b) the commencement of trading on Wednesday 11 August 2021.

IKE advises the following information in respect of this request for the trading halt:

  • (c) IKE considers that the trading halt is desirable to enable the Lead Manager and IKE to conduct the Placement and determine the allocation of shares. IKE considers that, but for the trading halt, the process of conducting the Placement would impact on a fair, orderly or transparent market as information about the Placement or take up by investors may be known by some market participants and not others, so the market would not be trading on a fully informed basis.

  • (d) As soon as the Placement, and the allocation of shares, are completed, IKE will be in a position to release details of the results of the Placement to the market. IKE believes that such information will be price-sensitive.

  • (e) The Lead Manager is subject to confidentiality obligations.

ikeGPS Inc.

Level 7, 186 Willis St Wellington 6011

IKE is not aware of any reason why the trading halt should not be granted or any other information necessary to inform the market about the trading halt.

Please contact me if you have any concerns or queries.

Yours sincerely

Stephen Fairbrother Chief Financial Officer ikeGPS Group Limited

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