SKYCITY COMPLETES $50 MILLION SHARE PURCHASE PLAN

8 July 2020


Client Market Services
NZX Limited
Level 1, NZX Centre
11 Cable Street
WELLINGTON

Copy to:

ASX Market Announcements
Australian Stock Exchange
Exchange Centre
Level 6
20 Bridge Street
Sydney NSW 2000
AUSTRALIA


RE: SKYCITY ENTERTAINMENT GROUP LIMITED (SKC)
SKYCITY COMPLETES $50 MILLION SHARE PURCHASE PLAN


Please find attached a market release relating to the successful completion of the
$50 million share purchase plan announced on 17 June 2020 as part of a $230 million equity
raising.



Authorised by:


Jo Wong
Company Secretary
Phone: +64 9 363 6143
Email: jo.wong@skycity.co.nz

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NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

Market Release

SkyCity Entertainment Group Limited
(SKC.NZX/SKC.ASX)
8 July 2020
SkyCity $50 Million Share Purchase Plan Receives Strong Support

SkyCity Entertainment Group Limited (NZX/ASX:SKC) ("SkyCity") is pleased to announce
that its $50 million share purchase plan ("SPP") , which closed on 3 July 2020, received
strong shareholder support with total applications of approximately $45.6 million
(a 91% take-up).
The SPP was part of SkyCity’s funding plan and equity raising announced on 17 June 2020,
which also included a $180 million institutional placement. The SPP was open to all
eligible existing SkyCity shareholders with a registered address in New Zealand or
Australia, enabling them to each subscribe for up to a maximum of NZ$50,000/A$47,000
of new SkyCity shares.
The new shares under the SPP will be issued at a price of NZ$2.38 (A$2.24), being a 2.5%
discount to the five-day volume weighted average price of SkyCity’s shares traded on the
NZX during the last five days of the SPP offer period (including the closing date), rounded
down to the nearest cent.
The SPP was fully underwritten and the shortfall (approximately $4.4 million) will be
allocated to existing shareholders (as sub-underwriters) as arranged by the underwriters.
Settlement of the SPP and allotment of the new shares is expected to occur on 9 July
2020, with trading of NZX shares commencing on 9 July 2020 and ASX shares on 10 July
2020. The new shares to be issued under the SPP will rank equally in all respects with
SkyCity’s existing ordinary shares.
ENDS

For more information, please contact:

Investors and analysts Media
Ben Kay
General Manager, Corporate
Development & Investor Relations

DDI: +64 9 363 6067
E-mail: ben.kay@skycity.co.nz
Liza McNally
Chief Marketing Officer

DDI: +64 9 363 7137
Mobile: +64 2194 4989
E-mail: liza.mcnally@skycity.co.nz

Not for distribution or release in the United States.
This announcement is not financial product advice and has not taken into account your objectives, financial
situation or needs. This announcement has been prepared for release in New Zealand and Australia. This
announcement does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the
United States or in any jurisdiction in which such an offer would be illegal. The offer and sale of the shares
referred to in this announcement have not been, and will not be, registered under the United States Securities
Act of 1933 (the U.S. Securities Act), or the securities laws of any state or other jurisdiction of the United States.
Accordingly, the new shares to be offered and sold in the SPP may not be offered or sold, directly or indirectly,
to persons in the United States except pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. The new shares to
be offered and sold in the SPP may not be offered or sold, directly or indirectly, to any person in the United
States or any person acting for the account or benefit of a person in the United States.