Share
- Release Date: 14/04/14 16:35
- Summary: GENERAL: AIA: Auckland Airport completes return of capital
- Price Sensitive: No
- Download Document 1.31KB
AIA
14/04/2014 14:35
GENERAL
REL: 1435 HRS Auckland International Airport Limited
GENERAL: AIA: Auckland Airport completes return of capital
Auckland Airport has now cancelled one in every ten shares held by its
shareholders on 7 April 2014, which was the record date for the return of
capital.
Fractions of a share were rounded up to the nearest whole share. This has
resulted in the cancellation of 132,288,492 shares, reducing the total number
of shares issued from 1,322,772,589 to 1,190,484,097.
The $454 million return of capital was undertaken by a scheme of arrangement
under Part XV of the Companies Act 1993. It was approved by the High Court of
New Zealand and by 99.34% of shareholders voting at a special meeting on 12
February 2014.
Auckland Airport shares have been trading on an 'ex return of capital' basis
on the Australian Stock Exchange since 1 April 2014, and on the New Zealand
Stock Exchange since 3 April 2014.
Auckland Airport will today pay NZ$3.43 for each share cancelled. Australian
shareholders will receive approximately AU$3.183 for each share cancelled
(based on the NZD/AUD exchange rate of $0.928).
Ends
For further information please contact:
Campbell De Morgan
+64 9 255 9029
+64 27 478 3243
[email protected]
End CA:00249461 For:AIA Type:GENERAL Time:2014-04-14 14:35:33
