Serko's largest shareholder changes and grants restricted share units

FirstCape Group Limited has disclosed a movement of more than 1% in its substantial holding in Serko, a travel and expense management company. As of July 8, 2025, FirstCape, along with its subsidiaries Harbour Asset Management Limited and BNZ Investment Services Limited, holds 17,816,680 ordinary shares, representing 14.299% of Serko's total shares. This is up from 16,366,239 shares (13.297%) as of November 6, 2024. Concurrently, Serko announced the issue of 3,366,813 unlisted Restricted Share Units (RSUs) to employees under its Long Term Incentive Scheme Rules. The RSUs, valued at NZD3.0535 each, will vest according to time-based criteria between 2025 and 2028 and represent 2.702% of the ordinary shares currently on issue. The company now has 5,733,275 RSUs on issue, with the largest shareholder being the FirstCape Group.