Tuesday, 21 August 2018

Announcement

GENERAL: SKO: Establishment of NED Fixed Trading Plan

29 Nov 2017 08:30NZX
At Serko Limited''s (NZX:SKO) recent Annual Meeting held on 23 August 2017
(refer to Annual Meeting speech released to NZX on 23 August 2017), the
Chairman indicated to shareholders that that the Board intended to introduce
a policy requiring non-executive directors to invest a portion of their
annual directors'' fees in Serko shares.   The Board confirms that it has now
established a Fixed Trading Plan (Plan) in accordance with section 260 of the
Financial Markets Conduct Act 2013.

Serko Chairman, Mr Botherway said: "The Board believes that entry into this
Plan better aligns each non-executive director''s interests with those of the
shareholders of the Company and demonstrates non-executive directors'' support
of Serko''s long-term strategy".

Under the terms of the Plan, non-executive directors have agreed to invest
varying annual amounts, totalling approximately 45% of total non-executive
director fees per annum in Serko shares, over a fixed term of three-years
(Term).  An independent broker will automatically apply the designated fees
to the monthly acquisition of shares on-market during the Term.  Once a
non-executive director has entered the Plan, they have no ability to
influence share trading decisions under the Plan and no ability to withdraw
from the Plan before the end of the Term.  Further, the directors are not
permitted to trade any shares acquired under the Plan for the duration of
their tenure as directors of Serko (except in the event of a takeover).

ENDS

For investor relations queries please contact:
Susan Putt
Chief Financial Officer, Serko
Phone: +64 21 388 009
investor.relations@serko.com
End CA:00311088 For:SKO    Type:GENERAL    Time:2017-11-29 08:30:07
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Serko Limited Ordinary Shares
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Open:1.860 
High:1.860 
Low:1.860 
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52-Wk Low:0.250