AIA
16/10/2014 11:21
GENERAL
REL: 1121 HRS Auckland International Airport Limited
GENERAL: AIA: AIA Auckland Airport establishes sponsored Level 1 ADR
Market Release l 16 October 2014
Auckland Airport establishes sponsored Level 1 American Depository Receipt
programme
Auckland Airport announced today that it has established a sponsored Level 1
American Depository Receipt (ADR) programme to improve access for investors
in the United States.
Auckland Airport's acting chief financial offer, Phil Neutze, says, "Auckland
Airport's ADRs will trade in the United States over-the-counter market under
the symbol AUKNY."
"Deutsche Bank Trust Company Americas has been appointed depositary bank for
the programme which replaces the current unsponsored ADR programmes. One
Auckland Airport ADR represents ten existing Auckland Airport shares."
"The ADR programme does not involve the issuance of new shares or the raising
of new capital by Auckland Airport. ADRs simply allow US investors to buy
shares in foreign companies without the need for cross-border or
cross-currency transactions. They are priced and pay any dividends in US
dollars and can be traded like shares of US-based companies," says Mr Neutze.
Ends
For further information please contact:
Phil Neutze
+64 9 255 9040
+64 27 279 3721
[email protected]
End CA:00256481 For:AIA Type:GENERAL Time:2014-10-16 11:21:16
