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- Release Date: 12/12/13 12:06
- Summary: CAPREC: AIA: AIAL Capital return interim orders received
- Price Sensitive: No
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AIA
12/12/2013 10:06
CAPREC
REL: 1006 HRS Auckland International Airport Limited
CAPREC: AIA: AIAL Capital return interim orders received
Auckland Airport has received initial orders from the High Court to seek
shareholder approval to return $454 million of capital to its shareholders.
Auckland Airport announced the capital return on 28 November 2013. The
following day it sought initial orders from the High Court to convene a
meeting of shareholders to consider a scheme of arrangement to cancel 1 in 10
of its shares and to return $3.43 per cancelled share. If shareholders
approve the scheme, Auckland Airport intends to seek final orders sanctioning
the scheme from the High Court under Part XV of the Companies Act 1993.
Charles Spillane, Auckland Airport's company secretary, says, "We will now
proceed to organise a special meeting of shareholders for mid-February 2014."
Ends
For further information please contact:
Simon Lambourne
+64 9 255 9089
+64 27 477 6120
[email protected]
End CA:00245082 For:AIA Type:CAPREC Time:2013-12-12 10:06:18
