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Serko Limited (NZX: SKO) NZ$75 Million Placement Fully Subscribed

Thursday 25th November 2021

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Serko Limited (NZX/ASX:SKO) ("Serko"), a leader in online travel booking and expense management for business, is pleased to announce the successful completion of its NZ$75 million placement (the "Placement"). The Placement was fully subscribed at the price determined in the bookbuild of NZ$7.05 per share. This represents a 10.2% discount to the closing price of NZ$7.85 on 23 November 2021.

The Placement was well supported, attracting bids well in excess of the NZ$75 million total offer amount from institutional and other select investors in both local and offshore markets.

Serko CEO Darrin Grafton said, “The capital raising enables Serko to continue to invest to capture the growth opportunities across key markets, and realise our vision of transforming from an online booking tool into a global marketplace. We are pleased with the level of support received for the raise from new and existing investors.”

Settlement of the Placement is expected to occur on 30 November 2021 for the ASX and 1 December 2021 for the NZX, with allotment and commencement of trading on NZX and ASX expected to occur on 1 December 2021. The new shares issued under the Placement will rank equally with Serko's existing ordinary shares.

Please see the link below for details

Placement Completion Announcement

Source: Serko Limited



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