S&P Dow Jones Indices has announced the most recent changes to the S&P/NZX indices, and Serko Limited (NZX/ASX:SKO), is pleased to have been included in the following indices, effective at the
open of trading on 21 September 2020:
• S&P/NZX 50 & S&P/NZX 50 Portfolio Index
• S&P/NZX MidCap Index
Commenting on Serko's inclusion in the NZX 50, CEO Darrin Grafton said;
"Serko's inclusion in the NZX 50 is another important milestone in Serko's exceptional journey. Off the back of being named New Zealand's Hi-Tech Company of the Year I am thrilled that our vision to transform business travel and expense management through intelligent technology is resonating with investors and the broader tech community."
The index is designed to measure the performance of the 50 largest, eligible stocks listed on the Main Board of the NZX by float-adjusted market capitalization. Representative, liquid, and investable, it is widely considered New Zealand’s preeminent benchmark index.