24 Nov

Trading halt

Market Announcement 24 November 2021 24 November 2021 Market Announcement 1 / 1 ASX Limited ASX Customer Service Centre 131 279 | asx.com.au Serko Limited (ASX: SKO) – Trading Halt Description The securities of Serko Limited (‘SKO’) will be placed in trading halt at the request of SKO, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Thursday, 25 November 2021 or when the announcement is released to the market. Issued by Dean Litis Principal Adviser, Listings Compliance (Melbourne) 1 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 24 November 2021 NZX Limited By email Level 1, NZX Centre 11 Cable Street Wellington NEW ZEALAND ASX Limited 20 Bridge Street Sydney, NSW, 2000 AUSTRALIA REQUEST FOR TRADING HALT - SERKO LIMITED (NZX: SKO, ASX: SKO) 1. As NZ RegCo and the Australian Securities Exchange (" ASX ") is aware, Serko proposes to undertake a capital raising, comprising a fully underwritten offer of approximately NZ$75 million of ordinary shares to select institutional and other select investors (the " Placement ") followed by a non-underwritten retail offer to Serko's eligible existing shareholders with an address in New Zealand or Australia of up to NZ$10 million of ordinary shares (the " Retail Offer "). Details of the reasons for the request as per the rules of each of ASX and NZX are set out below. 2. Pursuant to NZX Listing Rule 9.9.1(a) and ASX Listing Rule 17.1, Serko requests that trading in its securities quoted on the NZX and ASX (" Securities ") be halted prior to the commencement of trading this morning, 24 November 2021, for a period of up to 24 hours. The halt is requested as Serko expects to announce that it is seeking to undertake the Placement today. 3. The announcement of the Placement may be price sensitive for the Securities and / or otherwise material for Serko. 4. In relation to this request for a trading halt, Serko advises that the issue price for shares under the Placement will be determined during the bookbuild. The pricing and level of demand for the shares will not be known until the bookbuild has been completed, and consequently the trading halt has been sought to facilitate an orderly market, consistent with what Serko understands to be normal practice. 5. Accordingly, Serko requests a halt in the trading of Securities from the time the market opens this morning until the time of the announcement that the Placement has been completed. This is expected to occur after market close this evening and in any event before market tomorrow, 25 November 2021.
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