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Serko Limited — Capital/Financing Update 2019
Oct 30, 2019
66271_rns_2019-10-31_2de52970-2d7b-4fc7-932d-76e6fac0936a.pdf
Capital/Financing Update
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31 October 2019
Market Release
Serko announces opening of NZ$5 million share purchase plan
Serko Limited (NZX/ASX:SKO), a leader in online travel booking and expense management for business, is pleased to announce the opening of its NZ$5 million share purchase plan (" SPP "). The SPP is part of Serko's equity raising initiative announced on 24 October 2019, whereby Serko announced that it had undertaken a targeted placement to issue NZ$40.0 million of shares to Booking Holdings Inc. and New Zealand and Australian investors at a price of $4.04 per share (the " Placement "). In addition to the Placement, certain Serko directors and employees (including Simon Botherway (Chairman) and Darrin Grafton (CEO)) have collectively sold down approximately NZ$16 million of Serko shares at NZ$4.04 per share.
Eligible New Zealand and Australian resident shareholders will receive their personalised application forms to apply for up to a maximum of NZ$15,000 / AU$13,950 of new shares per shareholder, at the lower of the price paid by investors in the recent placement, being NZ$4.04, or the five day volume weighted average price of SKO shares traded on the NZX during the last five days of the SPP offer period.
The SPP Offer Document will be sent to eligible shareholders today and can be found online at www.serkoshareoffer.com.
| www.serkoshareoffer.com. | |
|---|---|
| Key Dates | |
| Record Date | Wednesday, 23 October 2019 |
| SPP Offer Opens | Thursday, 31 October 2019 |
| SPP Offer Closes | Friday, 15 November 2019 |
| Settlement on the ASX | Thursday, 21 November 2019 |
| Settlement on the NZX | Friday, 22 November 2019 |
| Allotment of shares on NZX and ASX | Friday, 22 November 2019 |
| Commencement of trading of shares on NZX | Friday, 22 November 2019 |
| Commencement of trading of shares on ASX | Tuesday, 26 November 2019 |
Ends
For investor relations queries please contact: Susan Putt Chief Financial Officer Serko +64 9 309 4754 or +64 21 388 009 [email protected]
Serko Limited, Saatchi Building, Unit 14D 125 The Strand, Parnell, Auckland, New Zealand PO Box 47-638, Ponsonby, T: +64 9 309 4754, F: +64 9 377 0545, [email protected] Incorporated in New Zealand ARBN 611 613 980
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For media relations queries please contact: Nick Whitehead Head of Marketing Serko +64 21 892 996 [email protected]
Serko Limited, Saatchi Building, Unit 14D 125 The Strand, Parnell, Auckland, New Zealand PO Box 47-638, Ponsonby, T: +64 9 309 4754, F: +64 9 377 0545, [email protected] Incorporated in New Zealand ARBN 611 613 980
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