NEXTED GROUP LIMITED — Major Shareholding Notification 2022

Oct 19, 2022

603 Page 1 of 2 15 July 2001

Form 603

Corporations Act 2001

Section 671B

Notice of initial 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)

The holder became a substantial holder on 18 / 10 / 2022

2. Details of 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 on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
Ordinary Shares	63,227,364	63,227,364	5.77%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Annexure C

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered asholder(8)	Class and number of securities
Annexure C

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)	Consideration (9)	Class and number of securities
		Cash	Non-cash
Annexure B

603 Page 2 of 2 15 July 2001

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
n/a

7. Addresses

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

Name	Address
Refer Annexure A

Signature

print name sign here	Kim Heng capacity Chief Operations Officer
	date 20/10/2022

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 7 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 total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.

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

• (7) Include details of:

• (a) any relevant agreement or other circumstances by which the relevant interest was acquired. 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.

• (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) 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.

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)

7. 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: 20/10/2022

ANNEXURE B	ANNEXURE B	ANNEXURE B	ANNEXURE B	ANNEXURE B	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
19-Aug-22	WAM MicrocapLimited	On Market Purchase	(1,379,772.88)	9,500,000	OrdinaryShares	9,500,000
26-Aug-22	WAM MicrocapLimited	On Market Purchase	(480,792.00)	3,000,000	OrdinaryShares	3,000,000
29-Aug-22	WAM MicrocapLimited	On Market Purchase	(479,590.02)	3,000,000	OrdinaryShares	3,000,000
01-Sep-22	WAM MicrocapLimited	On Market Purchase	(160,264.00)	1,000,000	OrdinaryShares	1,000,000
02-Sep-22	WAM MicrocapLimited	On Market Purchase	(177,225.47)	1,078,863	OrdinaryShares	1,078,863
06-Sep-22	WAM MicrocapLimited	On Market Purchase	(781,587.49)	4,500,000	OrdinaryShares	4,500,000
07-Sep-22	WAM MicrocapLimited	On Market Purchase	(725,149.21)	3,915,385	OrdinaryShares	3,915,385
08-Sep-22	WAM MicrocapLimited	On Market Purchase	(26,614.47)	143,625	OrdinaryShares	143,625
09-Sep-22	WAM MicrocapLimited	On Market Purchase	(46,637.25)	251,678	OrdinaryShares	251,678
13-Sep-22	WAM MicrocapLimited	On Market Purchase	(630,794.66)	3,325,003	OrdinaryShares	3,325,003
14-Sep-22	WAM MicrocapLimited	On Market Purchase	(91,568.04)	494,147	OrdinaryShares	494,147
15-Sep-22	WAM MicrocapLimited	On Market Purchase	(397,275.62)	2,087,480	OrdinaryShares	2,087,480
16-Sep-22	WAM Capital Limited	On Market Purchase	(2,455,399.93)	12,256,776	OrdinaryShares	12,256,776
16-Sep-22	WAM Active Limited	On Market Purchase	(169,178.49)	844,499	OrdinaryShares	844,499
16-Sep-22	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	On Market Purchase	(79,876.58)	398,725	OrdinaryShares	398,725
20-Sep-22	WAM Capital Limited	On Market Purchase	(25,572.53)	121,707	OrdinaryShares	121,707
20-Sep-22	WAM Active Limited	On Market Purchase	(1,762.03)	8,386	OrdinaryShares	8,386
20-Sep-22	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	On Market Purchase	(831.85)	3,959	OrdinaryShares	3,959
21-Sep-22	WAM Capital Limited	On Market Purchase	(127,040.04)	604,620	OrdinaryShares	604,620
21-Sep-22	WAM Active Limited	On Market Purchase	(8,753.20)	41,659	OrdinaryShares	41,659
21-Sep-22	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	On Market Purchase	(4,132.77)	19,669	OrdinaryShares	19,669
03-Oct-22	WAM Capital Limited	On Market Purchase	(163,693.25)	817,118	OrdinaryShares	817,118
03-Oct-22	WAM Active Limited	On Market Purchase	(11,278.58)	56,300	OrdinaryShares	56,300
03-Oct-22	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	On Market Purchase	(5,325.17)	26,582	OrdinaryShares	26,582
05-Oct-22	WAM Capital Limited	On Market Purchase	(124,124.62)	583,703	OrdinaryShares	583,703
05-Oct-22	WAM Active Limited	On Market Purchase	(8,552.37)	40,218	OrdinaryShares	40,218
05-Oct-22	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	On Market Purchase	(4,037.81)	18,988	OrdinaryShares	18,988
06-Oct-22	WAM Capital Limited	On Market Purchase	(104,536.46)	453,955	OrdinaryShares	453,955
06-Oct-22	WAM Active Limited	On Market Purchase	(7,202.68)	31,278	OrdinaryShares	31,278
06-Oct-22	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	On Market Purchase	(3,400.53)	14,767	OrdinaryShares	14,767
10-Oct-22	WAM Capital Limited	On Market Purchase	(133,985.66)	608,299	OrdinaryShares	608,299
10-Oct-22	WAM Active Limited	On Market Purchase	(9,231.65)	41,912	OrdinaryShares	41,912
10-Oct-22	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	On Market Purchase	(4,358.78)	19,789	OrdinaryShares	19,789
11-Oct-22	WAM Capital Limited	On Market Purchase	(215,916.47)	1,036,350	OrdinaryShares	1,036,350
11-Oct-22	WAM Active Limited	On Market Purchase	(14,876.75)	71,405	OrdinaryShares	71,405
11-Oct-22	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	On Market Purchase	(7,023.88)	33,713	OrdinaryShares	33,713
12-Oct-22	WAM Capital Limited	On Market Purchase	(433,533.42)	2,085,876	OrdinaryShares	2,085,876
12-Oct-22	WAM Active Limited	On Market Purchase	(29,575.97)	142,300	OrdinaryShares	142,300
12-Oct-22	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	On Market Purchase	(14,928.08)	71,824	OrdinaryShares	71,824
13-Oct-22	WAM Capital Limited	On Market Purchase	(74,488.71)	362,761	OrdinaryShares	362,761
13-Oct-22	WAM Active Limited	On Market Purchase	(5,081.71)	24,748	OrdinaryShares	24,748
13-Oct-22	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	On Market Purchase	(2,564.88)	12,491	OrdinaryShares	12,491
17-Oct-22	WAM Capital Limited	On Market Purchase	(103,284.89)	453,451	OrdinaryShares	453,451
17-Oct-22	WAM Active Limited	On Market Purchase	(7,046.22)	30,935	OrdinaryShares	30,935
17-Oct-22	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	On Market Purchase	(3,556.49)	15,614	OrdinaryShares	15,614
18-Oct-22	WAM Capital Limited	On Market Purchase	(845,084.14)	3,593,237	OrdinaryShares	3,593,237
18-Oct-22	WAM Active Limited	On Market Purchase	(57,942.65)	246,368	OrdinaryShares	246,368
18-Oct-22	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	On Market Purchase	(28,328.32)	120,450	OrdinaryShares	120,450
19-Oct-22	WAM Capital Limited	On Market Purchase	(510,367.00)	2,313,925	OrdinaryShares	2,313,925
19-Oct-22	WAM Active Limited	On Market Purchase	(35,075.75)	159,028	OrdinaryShares	159,028
19-Oct-22	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management EquityFund	On Market Purchase	(16,993.74)	77,047	OrdinaryShares	77,047
20-Oct-22	WAM Capital Limited	On Market Purchase	(614,949.17)	2,790,619	OrdinaryShares	2,790,619
20-Oct-22	WAM Active Limited	On Market Purchase	(40,440.36)	183,517	OrdinaryShares	183,517
20-Oct-22	Botanical Nominees Pty Limited as trustee of the Wilson Asset Management Equity Fund	On Market Purchase	(20,408.92)	92,615	Ordinary Shares	92,615

Signed: _____ Date: 20/10/2022

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	1,163,938 ordinary shares
WAM Active Limited	Citigroup Pty Limited	Management of portfolio of WAM Active Limited	WAM Active Limited	2,426,013 ordinary shares
WAM Capital Limited	Citigroup Pty Limited	Management of portfolio of WAM Capital Limited	WAM Capital Limited	35,389,449 ordinary shares
WAM Microcap Limited	Citigroup Pty Limited	Management of portfolio of WAM Microcap Limited	WAM Microcap Limited	24,247,964 ordinary shares

Signed: _____

Date: 20/10/2022