22 February 2010
Completion of Retail Bookbuild
Auckland International Airport (“Auckland Airport”) advises that it has successfully completed the retail bookbuild component of its 1 for 16 fully underwritten entitlement offer (“Retail Bookbuild”). This was the final stage of Auckland Airport’s approximately NZ$126.4 million equity raising, announced on 27 January 2010 (“Offer”).
The Retail Bookbuild was well supported, attracting bids from both new and existing New Zealand, Australian and international investors. The clearing price under the Retail Bookbuild was NZ$1.82 per share. Therefore, retail shareholders who elected not to take up their entitlements and ineligible retail shareholders will receive NZ$0.17 for each new share not taken up.
Auckland Airport’s Chairman, Tony Frankham, said that investors had demonstrated their support for the company in all stages of the Offer. He was pleased that those retail shareholders who elected not to take up their entitlements, or who were ineligible to participate in the Offer, would get value for their renounced entitlements.
The shares taken up under the Retail Bookbuild are expected to be issued on 25 February 2010, and commence trading on the NZSX on 25 February 2010 and on ASX on 26 February 2010.
The Offer was fully underwritten by Credit Suisse (Australia) Limited and First NZ Capital Securities Limited.
For further information, please contact:
Senior Communications Manager
+64 (0) 9 255 9089
+64 (0) 27 477 6120
This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or to, or for the account or benefit of, any “U.S. person” (as defined in Regulation S under the U.S. Securities Act of 1933 (the “U.S. Securities Act”)) (“U.S. Person”). Securities may not be offered or sold in the United States or to, or for the account or benefit of, U.S. Persons unless the securities have been registered under the U.S. Securities Act or an exemption from registration is available. The securities to be offered and sold have not been, and will not be, registered under the U.S. Securities Act, and may not be offered or sold in the United States or to, or for the account or benefit of U.S. Persons, unless the securities are registered under the U.S. Securities Act or an exemption from the registration requirements of the U.S. Securities Act is available.