IkeGPS issues shares after option exercises

ikeGPS Group Limited (NZX:IKE) has announced the issuance of 272,825 ordinary shares, effective March 28, 2025. The shares were issued at a price of $0.81 per share, representing a 0.17% increase in the total number of financial products. This follows the cash settlement and net settlement of unlisted share options. Specifically, 50,000 options were fully settled for cash, and 925,001 unlisted share options were net settled. The options exercised were granted under terms with an exercise price of $0.51 and an exercise date of March 19, 2025. The issuance was authorised by Directors' Resolutions dated August 21, 2019. Following the transaction, the total number of ikeGPS's financial products, excluding treasury stock, amounts to 161,062,692. The shares carry the same rights and conditions as the existing ordinary shares.