News: SYD Sydney Airport Enters Scheme Implementation Deed

Nov 8 (Reuters) - Sydney Airport (SYD) :

• ENTERS INTO SCHEME IMPLEMENTATION DEED
• ANNOUNCES THAT IT HAS ENTERED INTO A SCHEME IMPLEMENTATION DEED WITH SYDNEY AVIATION ALLIANCE PTY
• SCHEME CONSIDERATION VALUES SYDNEY AIRPORT'S EQUITY AT APPROXIMATELY A$23.6 BILLION
• SAA TO ACQUIRE 100% OF SHARES IN SAL BY WAY OF SCHEME OF ARRANGEMENT AND 100% OF UNITS IN SAT BY WAY OF TRUST SCHEME
• BOARDS UNANIMOUSLY RECOMMEND THAT SYDNEY AIRPORT SECURITYHOLDERS VOTE IN FAVOUR OF SCHEMES
• SCHEME MEETINGS ARE EXPECTED TO BE HELD IN Q1 OF 2022