NEXTED GROUP LIMITED — Major Shareholding Notification 2022

Nov 14, 2022

604 Page 1 of 2 15 July 2001

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme iCollege Limited (ASX:ICT)

ACN/ARSN ACN: 105 012 066

1. Details of substantial holder (1)

Name Wilson Asset Management Group (refer entities listed in Annexure A)

ACN/ARSN (if applicable)

There was a change in the interests of the substantial holder on

substantial holder on 11 / 11 / 2022 The previous notice was given to the company on 20 / 10 / 2022 The previous notice was dated 20 / 10 / 2022

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

ompany or scheme, are as follows:
Class of securities (4)	Previous notice		Present notice
	Person’s votes	Voting power(5)	Person’s votes	Voting power(5)
Ordinary Shares	63,227,364	5.77%	76,302,536	6.97%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of	Person whose	Nature of change (6)	Consideration given in	Class and number	Person's votes
change	relevant interest		relation to change (7)	of securities	affected
	changed			affected
Refer to
Annexure
B

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
Refer to Annexure C

604 Page 2 of 2 15 July 2001

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
N/A

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Refer to Annexure A

Signature

print name sign here	Kim Heng capacity Chief Operations Officer
	date 15/11/2022

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (6) Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

• (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".

• (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

Annexure A

Wilson Asset Management Group

1. Details of Wilson Asset Management Group

1. Details of Wilson Asset Management Group
Name	ACN / ARSN
Wilson Asset Management(International)PtyLimited	(ACN 081 047 118)
MAM PtyLimited	(ACN 100 276 542)
WAM Capital Limited	(ACN 086 587 395)
WAM Research Limited	(ACN 100 504 541)
WAM Active Limited	(ACN 126 420 719)
Botanical Nominees PtyLimited as trustee of the Wilson Asset Management EquityFund	(ACN 081 032 000)
WAM Leaders Limited	(ACN 611 053 751)
WAM MicrocapLimited	(ACN 617 838 418)
WAM Global Limited	(ACN 624 572 925)
WAM Strategic Value Limited	(ACN 649 096 220)
WAM Alternative Assets Limited	(ACN 168 941 704)

6. Addresses

Name	Address
Wilson Asset Management(International)PtyLimited	Level 26,1 Farrer Place,Sydney,NSW 2000
MAM PtyLimited	Level 26,1 Farrer Place,Sydney,NSW 2000
WAM Capital Limited	Level 26,1 Farrer Place,Sydney,NSW 2000
WAM Research Limited	Level 26,1 Farrer Place,Sydney,NSW 2000
WAM Active Limited	Level 26,1 Farrer Place,Sydney,NSW 2000
Botanical Nominees PtyLimited	Level 26,1 Farrer Place,Sydney,NSW 2000
WAM Leaders Limited	Level 26,1 Farrer Place,Sydney,NSW 2000
WAM MicrocapLimited	Level 26,1 Farrer Place,Sydney,NSW 2000
WAM Alternative Assets Limited	Level 26,1 Farrer Place,Sydney,NSW 2000
WAM Strategic Value Limited	Level 26,1 Farrer Place,Sydney,NSW 2000
WAM Global Limited	Level 26,1 Farrer Place,Sydney,NSW 2000
CitigroupPtyLimited	Level 21, 2 Park Street, Sydney NSW 2000

Signed: _____

Date: 15/11/2022

ANNEXURE B

ANNEXURE B
Date of Change	Persons whose relevant interest changed	Nature of Change	Consideration given in relation to change (9)	Number of Securities affected	Class of Securities affected	Persons votes affected
21-Oct-22	WAM Capital Limited	On Market Purchase	(60,212.63)	254,287	OrdinaryShares	254,287
21-Oct-22	WAM Active Limited	On Market Purchase	(4,105.94)	17,340	OrdinaryShares	17,340
21-Oct-22	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	On Market Purchase	(1,982.64)	8,373	OrdinaryShares	8,373
24-Oct-22	WAM Capital Limited	On Market Purchase	(384,780.42)	1,634,705	OrdinaryShares	1,634,705
24-Oct-22	WAM Active Limited	On Market Purchase	(26,237.35)	111,467	OrdinaryShares	111,467
24-Oct-22	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	On Market Purchase	(12,670.14)	53,828	OrdinaryShares	53,828
25-Oct-22	WAM Capital Limited	On Market Purchase	(801,027.91)	3,476,993	OrdinaryShares	3,476,993
25-Oct-22	WAM Active Limited	On Market Purchase	(57,169.59)	248,154	OrdinaryShares	248,154
25-Oct-22	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	On Market Purchase	(26,459.77)	114,853	OrdinaryShares	114,853
26-Oct-22	WAM Capital Limited	On Market Purchase	(20,434.48)	90,770	OrdinaryShares	90,770
26-Oct-22	WAM Active Limited	On Market Purchase	(1,405.45)	6,243	OrdinaryShares	6,243
26-Oct-22	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	On Market Purchase	(672.45)	2,987	OrdinaryShares	2,987
27-Oct-22	WAM MicrocapLimited	On Market Purchase	(9,595.71)	43,545	OrdinaryShares	43,545
27-Oct-22	WAM Capital Limited	On Market Purchase	(41,378.23)	187,773	OrdinaryShares	187,773
27-Oct-22	WAM Active Limited	On Market Purchase	(2,750.79)	12,483	OrdinaryShares	12,483
27-Oct-22	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	On Market Purchase	(1,366.03)	6,199	OrdinaryShares	6,199
31-Oct-22	WAM MicrocapLimited	On Market Purchase	(4,395.36)	19,946	OrdinaryShares	19,946
31-Oct-22	WAM Capital Limited	On Market Purchase	(18,953.64)	86,011	OrdinaryShares	86,011
31-Oct-22	WAM Active Limited	On Market Purchase	(1,260.04)	5,718	OrdinaryShares	5,718
31-Oct-22	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	On Market Purchase	(625.83)	2,840	OrdinaryShares	2,840
01-Nov-22	WAM MicrocapLimited	On Market Purchase	(33.94)	154	OrdinaryShares	154
01-Nov-22	WAM Capital Limited	On Market Purchase	(146.54)	665	OrdinaryShares	665
01-Nov-22	WAM Active Limited	On Market Purchase	(9.69)	44	OrdinaryShares	44
01-Nov-22	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	On Market Purchase	(4.85)	22	OrdinaryShares	22
02-Nov-22	WAM MicrocapLimited	On Market Purchase	(5,831.90)	26,465	OrdinaryShares	26,465
02-Nov-22	WAM Capital Limited	On Market Purchase	(25,148.71)	114,124	OrdinaryShares	114,124
02-Nov-22	WAM Active Limited	On Market Purchase	(1,671.89)	7,587	OrdinaryShares	7,587
02-Nov-22	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	On Market Purchase	(830.32)	3,768	OrdinaryShares	3,768
03-Nov-22	WAM MicrocapLimited	On Market Purchase	(154,810.26)	693,695	OrdinaryShares	693,695
03-Nov-22	WAM Capital Limited	On Market Purchase	(667,571.57)	2,991,346	OrdinaryShares	2,991,346
03-Nov-22	WAM Active Limited	On Market Purchase	(44,378.22)	198,856	OrdinaryShares	198,856
03-Nov-22	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	On Market Purchase	(22,039.82)	98,759	OrdinaryShares	98,759
07-Nov-22	WAM MicrocapLimited	On Market Purchase	(19,324.07)	87,692	OrdinaryShares	87,692
07-Nov-22	WAM Capital Limited	On Market Purchase	(61,475.99)	278,976	OrdinaryShares	278,976
07-Nov-22	WAM Active Limited	On Market Purchase	(4,086.85)	18,546	OrdinaryShares	18,546
07-Nov-22	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	On Market Purchase	(3,258.29)	14,786	OrdinaryShares	14,786
11-Nov-22	WAM Capital Limited	On Market Purchase	(269,831.73)	1,197,809	OrdinaryShares	1,197,809
11-Nov-22	WAM Active Limited	On Market Purchase	(26,093.38)	115,831	OrdinaryShares	115,831
11-Nov-22	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	On Market Purchase	(18,185.91)	80,729	OrdinaryShares	80,729
14-Nov-22	WAM Capital Limited	On Market Purchase	(109,788.50)	509,803	OrdinaryShares	509,803
14-Nov-22	WAM Active Limited	On Market Purchase	(10,616.99)	49,300	OrdinaryShares	49,300
14-Nov-22	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	On Market Purchase	(7,399.37)	34,359	OrdinaryShares	34,359
15-Nov-22	WAM MicrocapLimited	On Market Purchase	(3,282.82)	14,472	OrdinaryShares	14,472
15-Nov-22	WAM Capital Limited	On Market Purchase	(31,063.58)	136,941	OrdinaryShares	136,941
15-Nov-22	WAM Active Limited	On Market Purchase	(2,371.83)	10,456	OrdinaryShares	10,456
15-Nov-22	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management Equity Fund	On Market Purchase	(1,241.26)	5,472	Ordinary Shares	5,472

Signed: _____ Date: 15/11/2022

ANNEXURE C

Holder of Relevant Interest	Registered Holder of Securities	Nature of relevent interest(7)	Person entitled to be registered as holder(8)	Class and Number of Securities
Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	Citigroup Pty Limited	Management of portfolio of Botanical Nominees Pty Limited as trustee of the Wilson Asset Management Equity Fund	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	1,590,913 ordinary shares
WAM Active Limited	Citigroup Pty Limited	Management of portfolio of WAM Active Limited	WAM Active Limited	3,228,038 ordinary shares
WAM Capital Limited	Citigroup Pty Limited	Management of portfolio of WAM Capital Limited	WAM Capital Limited	46,349,652 ordinary shares
WAM Microcap Limited	Citigroup Pty Limited	Management of portfolio of WAM Microcap Limited	WAM Microcap Limited	25,133,933 ordinary shares

Signed: _____

Date: 15/11/2022