News: SYD Sydney Airport Holdings Updates On Sat1 Indemnity In Relation To Historical Investments

Aug 9 (Reuters) - Sydney Airport Holdings Pty Ltd (SYD) :

• UPDATES ON SAT1 INDEMNITY IN RELATION TO HISTORICAL INVESTMENTS
• COPENHAGEN AIRPORT DENMARK HOLDINGS CONTINUES TO VIGOROUSLY CONTEST MATTERS IN DANISH HIGH COURT
• THERE REMAINS UNCERTAINTY AS TO OUTCOME OF LITIGATION WHICH HAS POTENTIAL TO CHANGE SYDNEY AIRPORT TRUST 1 CURRENT POSITION
• SAT1 DETERMINED $119.1 MILLION NON-CURRENT RECEIVABLE IN 31 DEC 2018 FY REGARDING INTEREST WITHHOLDING TAX INDEMNITY SHOULD BE EXPENSED
• INDEMNITIES TO NOT IMPACT FUTURE NET OPERATING RECEIPTS AND 2019 DISTRIBUTION GUIDANCE OF 39 CENTS/STAPLED SECURITY
• SAT1 DETERMINED $62.6 MILLION NON-CURRENT PROVISION BE RAISED FOR POSSIBLE CALL ON INDEMNITY FOR DIVIDEND WITHHOLDING TAX MATTER
• REFERS TO SYDNEY AIRPORT TRUST 1 AS "SAT1"