- Release Date: 21/01/16 08:30
- Summary: SPP: SKO: Announcements relating to Share Purchase Plan
- Price Sensitive: No
- Download Document 3.42KB
SKO 21/01/2016 08:30 SPP NOT PRICE SENSITIVE REL: 0830 HRS Serko Limited SPP: SKO: Announcements relating to Share Purchase Plan Serko Limited - Share Purchase Plan Open Serko Limited (SKO), is pleased to offer eligible shareholders the opportunity to participate in Serko's Share Purchase Plan (SPP). The offer opens today (21 January 2016) and closes on 12 February 2016. Eligible shareholders are all persons who are recorded in Serko's share register at 5.00pm on 14 January 2016 as being a holder of Serko shares and having an address in New Zealand (Eligible Shareholders). The SPP is part of Serko's equity raising initiative announced on 21 December 2015, whereby Serko announced that it had undertaken a targeted placement of NZ$8.0 million to institutional and other qualified investors at a price of NZ$0.84 per share (the Placement). The SPP is capped at NZ$1.0 million in total to take the total capital raising to a maximum of NZ$9.0 million. The Placement and SPP will provide Serko with further capital to invest in its growth strategy, including to: oFund the rollout of Serko's new product aimed at small and medium-sized businesses (SMEs). oInvest in increased brand support and raise product awareness. oIncrease marketing spend to support its reseller network. oPursue revenue growth to achieve Serko's short-term goal of reaching cash-flow break-even. The Serko Board considers that it is important to offer an SPP to all Eligible Shareholders of Serko to enable them to participate in the capital raising and acquire new Serko shares. Each Eligible Shareholder may elect to subscribe for up to NZ$15,000 of Serko shares (being the maximum amount currently permitted under the NZX Main Board Listing Rules), in share parcels which are multiples of NZ$1,000, subject to scaling. The price payable in the SPP will be NZ$0.84 per share, being the price paid by investors in Serko's recent Placement. The SPP provides Eligible Shareholders the opportunity to purchase additional shares in Serko without incurring brokerage or other transaction costs. Eligible Shareholders can find details of the SPP, including terms and conditions of the offer and an explanation of how to participate, in the SPP document and application form which have been lodged with NZX and will be sent to each Eligible Shareholder. If the total demand for shares under the SPP exceeds NZ$1.0 million, applications will be scaled back on a proportionate basis in accordance with the number of Serko shares held by the applicant on the record date (being 5:00pm on 14 January 2016). ENDS For investor relations queries please contact: Tim Bluett, Chief Financial Officer, Serko +64 9 309 4754 [email protected] About Serko Serko is Australasia's leading online travel booking and expense management company for businesses and is listed on the New Zealand Stock Exchange Main Board (SKO.NZ). With its HQ in Auckland New Zealand, and with offices in Sydney Australia, Xi'an City China and Gurgaon India. Serko employs more than 130 people worldwide. Serko Online is an integrated Online Booking Tool (OBT) used by administrators and travellers to book flights, accommodation and car hire from the broadest possible set of travel providers. The OBT ensures that travel bookings comply with corporate travel management policy without limiting the users choice of travel provider. Visit www.serko.com for more information End CA:00276625 For:SKO Type:SPP Time:2016-01-21 08:30:24
- Forums
- NZX - By Stock
- SKO
- Ann: SPP: SKO: Announcements relating to Share Purchase Plan
Ann: SPP: SKO: Announcements relating to Share Purchase Plan
Featured News
Add SKO (NZSX) to my watchlist
|
|||||
Last
$3.20 |
Change
0.060(1.91%) |
Mkt cap ! n/a |
Open | High | Low | Value | Volume |
$3.14 | $3.20 | $3.14 | $118.3K | 37.29K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
0 | 4622 | $3.17 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.34 | 8883 | 0 |
Last trade - 13.00pm 30/08/2024 (20 minute delay) ? |
Featured News
SKO (NZSX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online