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#Board Ownership
Last edited 2 months ago

Market Cap Today $182.4m (NZ$211.45m) at share price $0.94

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Board Bios

 Alex Knowles - Chair and Director

Alex has investing and operating experience with international companies in the information technology and transportation industries. Based in Los Angeles, he was formerly Chief Operating Officer of the largest international freight forwarder and small parcel consolidator in the U.S.

Glenn Milnes - CEO & Managing Director

Glenn Milnes is the CEO and Managing Director at ikeGPS, where he is accountable for the company's overall strategy, performance, and growth. Prior to leading ikeGPS, Glenn previously held senior executive, strategy and corporate development positions in the Communications industry with Cable & Wireless International, and No 8 Ventures.

Roz Buick - Independent Director

Roz brings more than 25 years’ experience from executive leadership positions across global utility, engineering, construction, real estate and agriculture markets with companies including Oracle Inc. and Trimble Inc. Roz is an industry leader who has led businesses through new growth strategies that are market differentiating and innovative, both with product and go to market strategies.

Mark Ratcliffe - Independent Director

Mark was the founding CEO of Chorus New Zealand from 2007 to 2017 where he led the deployment of New Zealand’s national fiber network. Prior to Chorus Mark was CIO and COO of Spark (formerly Telecom NZ). Prior governance roles include Director of 2 Degrees from 2017 to 2020. The majority of his current portfolio is in the Infrastructure Sector and he is currently the Chair of First Gas, Tuatahi Fast Fibre, and a number of other private and public sector boards.

Fred Lax - Independent Director

Fred Lax is an executive leader with extensive global experience in the telecommunications industry and related technologies. Based in California, he is a former director of NASDAQ listed Ikanos Communications Inc. (acquired by Qualcomm Atheros), and former Chief Executive Officer and President of NASDAQ listed Tekelec, Inc.

#Capital Raise History
Added 2 months ago

IKE Capital Raises History (Since Dual Listing on ASX, so from 2016)

Total Raised Approximately NZ$89.86m. Its Market Cap today is NZ$211.45m. Note: Keep everything in NZ$ to try keep it simple.

·      July 2025 Raised NZ$28.6m, Placement NZ$19.6m, SPP NZ$9.0m at NZ$0.88 per new share https://announcements.asx.com.au/asxpdf/20250714/pdf/06lrr8jflwd6d8.pdf

·      August 2021 Raised NZ$24.7m, Placement NZ$19.2, SPP $NZ5.5m at NZ$1.00 per share. https://announcements.asx.com.au/asxpdf/20210811/pdf/44z65p83968j59.pdfhttps://announcements.asx.com.au/asxpdf/20210831/pdf/44zygm3b344sy1.pdf

·      July 2020 Raised NZ$19.7m, NZ$9.8m Institutional Placement, Entitlement offer NZ$9.9m at $NZ0.68 per new share https://announcements.asx.com.au/asxpdf/20200728/pdf/44kwq1k3cdrv9c.pdf

·      September 2019 Raised $6.5m, $5m Placement, $1.5m Retail at $0.60 per share https://announcements.asx.com.au/asxpdf/20190927/pdf/448xj8yj2zpzln.pdfhttps://announcements.asx.com.au/asxpdf/20191023/pdf/449sgc7pc3qt21.pdf

·      September 2018 – NZ$1.25 SPP at NZ$0.52 per share https://announcements.asx.com.au/asxpdf/20180928/pdf/43yryjm2yq3n8m.pdf

·      August 2018 – NZ$5.0m Placement at NZ$0.52 per sharehttps://announcements.asx.com.au/asxpdf/20180824/pdf/43xnd8d8d08g5q.pdf

·      September 2017 – NZ$387,000 SPP at NZ$0.29 per sharehttps://announcements.asx.com.au/asxpdf/20170929/pdf/43mscgcbqdzy85.pdf

·      August 2017 - NZ$3.725m, Placement existing and new institutional and wholesale investor at NZ$0.29 per share https://announcements.asx.com.au/asxpdf/20170818/pdf/43lhnx6v1qrfxk.pdf

Acquisitions History

·      January 2021 Acquires certain assets of Visual Globe, a US based Artificial Intelligence (AI) and low code/no code software company that specializes in the automated analysis of power poles. Initial payment of US$3.3m in cash and with a potential earn out  of additional US$4.99m of cash and up to US$2.1m of IKE shares. https://announcements.asx.com.au/asxpdf/20210105/pdf/44rhgyvt2nbkzh.pdf

·      September 2019 Acquires Powerline Technology flagship product “PoleForeman” a leading pole loading analysis software solution used in the North American Market for US$3.4m (NZ$5.4m) https://announcements.asx.com.au/asxpdf/20190927/pdf/448xj8yj2zpzln.pdf