Serko issues shares on RSU vesting, boosts outstanding shares

** Serko Limited (NZX: SKO) announced the issue of 1,473,783 ordinary shares upon the vesting of an equivalent number of Restricted Share Units (RSUs) under its Long Term Incentive Scheme Rules. This issuance, effective May 27, 2025, increases the company's outstanding ordinary shares to 124,600,150, while 2,366,462 RSUs remain outstanding under the scheme, as well as 60,209 unlisted options. The newly issued shares represent 1.197% of all ordinary shares on issue prior to the Issue, while the vested RSUs comprised 38.377% of the RSUs on issue prior to the Vesting. No cash consideration was required from the RSU holders, the RSUs were granted in return for services rendered or to be rendered by the employees of Serko. A portion of these shares was allocated to key management personnel including Darrin Grafton, Robert Shaw, Shane Sampson, and Elizabeth Fraser. These newly issued shares will rank equally with existing ordinary shares and will be quoted on the ASX.