IKEGPS GROUP LIMITED — Share Issue/Capital Change 2018

Sep 17, 2018

September 18, 2018

Client Market Services NZX Limited WELLINGTON

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By NZ MAP

NZSX/NZDX - NOTICE PURSUANT TO LISTING RULE 7.12.1

For the purpose of Listing Rule 7.12.1, ikeGPS Group Limited (NZX: IKE) advises the following unlisted options have been issued to directors and employees of IKE or its subsidiaries.

a	Class of Security	Unlisted options
	ISIN	N/A
b	Number issued	1,400,000
c	Nominal value	N/A
	Issue price	Nil on issue.
d	Payment in Cash	N/A
		Full payment on exercise
e	Amount paid up	N/A

f Principal terms of the The options have an exercise price which is set out in Securities the appendix. The terms of each Option are as set out in the ikeGPS Group Limited Employee Option Scheme Rules and the offer letter sent to each executive and non-executive director.

The options to be granted shall become exercisable in four equal quarterly tranches split over the first 12 months following the date the Options are granted.

The options are exercisable until 31 March 2021.

Any share to be issued on the exercise of any of the Options will be issued on the same terms and will rank equally in all respects with the ordinary shares in the Company currently on issue.

The options are no longer exercisable on the first of (i) the termination of the option holders’ service or (ii) its termination in connection with a change of control in the company or (iii) after 31 March 2021.

• g Percentage of class 100% (if these options were exercised on the date of of securities this notice, the number of ordinary shares that would be issued would constitute 1.56% of the ordinary shares then on issue).

• h Reason for issue

  • Issue of unlisted options under the IKE Employee Option Scheme effective from June 2014, to retain and reward executive and non-executive directors and to motivate such individuals to contribute to the growth and profitability of IKE.

• i Authority for issue Board resolution 11 September 2018

• j Terms of issue

  • See principal terms above

• k Total both vested 3,605,000 unlisted options and unvested number of securities on issue, after issue

  • Total ordinary shares on issue 88,065,639

• l Treasury stock

N/A

• m Date of issue

1 April 2018

Contacts:

ikeGPS Glenn Milnes

Chief Executive Officer

Contact: +1 720-418-1936, glenn.milnes@ikegps.com

APPENDIX

Effective grant	Vesting date	Number issued	Exercise price	Exercise by date
date	(equal 4 quarters)
	from
1/04/2018	1/04/2018	1,400,000	54c	31/03/2021