19 February 2010
Completion of Retail Entitlement Offer
Auckland International Airport (“Auckland Airport”) advises that it has successfully completed the retail entitlement offer component (“Retail Entitlement Offer”) of its 1 for 16 fully underwritten entitlement offer (“Offer”). The Offer was announced on 27 January 2010, and will raise a total of approximately NZ$126.4 million.
The Retail Entitlement Offer received very strong support from existing retail shareholders, with 76% of eligible retail shareholders electing to take up their entitlements.
The shares taken up under the Retail Entitlement Offer 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.
Retail Bookbuild
As a result of the very strong support provided by shareholders in the Retail Entitlement Offer, only approximately 7.1 million shares out of a total Retail Entitlement Offer size of 29.8 million shares are available for the retail bookbuild component of the Offer, to be conducted by Credit Suisse and First NZ Capital on 22 February 2010. Approximately 200,000 of these shares related to the Entitlements of ineligible retail shareholders, with the balance relating to renounced entitlements.
Retail shareholders who do not take up their entitlements or who are ineligible to participate in the Retail Entitlement Offer will receive any positive difference between the Retail Bookbuild price and the application price for new shares of NZ$1.65 per new share.
Shareholders who have any queries about the Offer are encouraged to contact the Auckland Airport Offer Information Line on 0800 242 740 from within New Zealand or 1800 108 652 from within Australia.
The Offer is fully underwritten by Credit Suisse (Australia) Limited and First NZ Capital Securities Limited.
For further information, please contact:
Richard Llewellyn
Senior Communications Manager
Auckland Airport
+64 (0) 9 255 9089
+64 (0) 27 477 6120
IMPORTANT INFORMATION
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.