Retail Offer Closed

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 company.secretary@serko.com
Incorporated in New Zealand ARBN 611 613 980

3460-9507-9703 6 1
Market Release
17 December 2021
Retail Offer Closed
Serko Limited (NZX/ASX:SKO) ("Serko"), a leader in online travel booking and expense management
for business, is pleased to announce that it has successfully completed its non-underwritten retail offer
("Retail Offer"). The Retail Offer raised gross proceeds of approximately NZ$8.3 million.
The Retail Offer was offered to all eligible existing Serko shareholders with a registered address in New
Zealand or Australia, enabling them to each subscribe for up to NZ$50,000 / A$46,500 of new Serko
shares. The new shares under the Retail Offer will be issued at NZ$6.85, being the five day volume
weighted average price of Serko shares traded on the NZX during the last five days of the Retail Offer
period.
All applications in the Retail Offer were accepted in full and there was no scaling.
The Retail Offer is part of Serko's equity raising initiative announced on 24 November 2021, whereby
Serko undertook a fully underwritten placement of NZ$75 million of new shares to institutional and
other select investors in both local and offshore markets.
Serko Chief Executive and Co-Founder Darrin Grafton said: “It is an exciting time for Serko and we are
grateful for the support shown by retail investors during the Retail Offer. Serko is laser-focussed on its
vision to reinvent business travel and looks forward to a productive year building to the future as
corporates return to travel.”
Settlement of the Retail Offer is expected to occur on 20 December 2021 and 21 December 2021 for
the ASX and NZX respectively, with allotment of all shares on 21 December 2021. Trading of the Retail
Offer shares is expected to commence on the NZX on 21 December 2021 and on the ASX on 22
December 2021.
The new shares to be issued under the Retail Offer will rank equally in all respects with Serko's existing
ordinary shares.
Craigs Investment Partners Limited and Ord Minnett Limited acted as underwriters and Craigs
Investment Partners Limited and Cameron Partners Limited (New Zealand global alliance partner of
Rothschild & Co.) acted as Joint Lead Advisers for the capital raising. Serko's legal advisers are Russell
McVeagh and Herbert Smith Freehills.
Ends
This announcement has been authorised for release to NZX and ASX by:
Shane Sampson
Chief Financial Officer
Phone: +64 9 884 5916
investor.relations@serko.com

For investor relations queries please contact:
Shane Sampson
Chief Financial Officer
Phone: +64 9 884 5916
investor.relations@serko.com

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 company.secretary@serko.com
Incorporated in New Zealand ARBN 611 613 980

3460-9507-9703 6 2

For media relations queries please contact:
Richard Inder, Media Consultant to Serko
Phone: +64 21 645 643
Email: richard@theproject.co.nz