Serko’s (NZX:SKO) NZ$10 million retail offer is now open

Highlights

  • Serko’s retail offer amounting to NZ$10 million is opened for two weeks, the closing date of which is 14 December.
  • This would scale up the Company's market position in Australasia, taking it a step further to become a prominent global marketplace.

Serko Limited (NZX:SKO; ASX:SKO), New Zealand’s well-known technology company dealing with corporate travel and expense management, has declared the opening of its non-underwritten retail offer worth NZ$10 million.

NZX travel stock- SKO

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SKO’s retail offer to help in strengthening its position

The said offer, which is a part of SKO's equity raising initiative, is opened to all those eligible shareholders having a registered address in New Zealand or Australia.

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The maximum value of shares that can be applied for is NZ$50,000 or AU$46,500. It is pointed out that acceptance of oversubscriptions is at the sole discretion of Serko.

Those eligible and interested can either submit the hard copy of the application form or can even apply online.

On 14 December, this retail offer would get closed, and results for the same will be announced on 17 December.

New shares would be allotted on 21 December, and trading of such shares would commence on 21 December on NZX, while the same would begin on 22 December on ASX.

It is noted that Craigs Investment Partners Limited and Cameron Partners Limited are the joint arrangers for Serko’s retail offer.

The Company is excited to embark on the next phase of growth through this retail offer, allowing it to strengthen its presence in the global marketplace and further invest in growth opportunities.

At the time of writing, Serko was rising by 1.09% at NZ$6.470, on 1 December.

Bottom Line

Serko’s long-term strategy of becoming a global business travel marketplace would get a boost through this retail offer.

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