IkeGPS oversubscribed share plan raises A$8.27m

Wed, 13 Aug 2025

ikeGPS has announced the successful completion of its oversubscribed share purchase plan (SPP).

The non-underwritten SPP, which had a target of up to A$2 million (approximately NZ$2.2m), received strong support from eligible shareholders, with valid applications totalling approximately A$8.27m (about NZ$9m).

As a result, ikeGPS has decided to increase the size of the SPP and accept all valid applications, bringing the total amount raised under the plan to approximately A$8.27m (NZ$9m).

A total of about 10.22 million new fully paid ikeGPS ordinary shares will be issued at an issue price of A$0.81 (NZ$0.88) per share.

The company said the support from shareholders will help it execute its accelerated growth plans.

Settlement of the SPP and the allotment and commencement of trading of the new shares is expected to occur on August 14, 2025.