Announcement
CORPACT: AIA: AIA announces opening of NZ$200 million Share Purchase Plan
08:31am
AIA
09/04/2020 08:31
CORPACT
PRICE SENSITIVE
REL: 0831 HRS Auckland International Airport Limited
CORPACT: AIA: AIA announces opening of NZ$200 million Share Purchase Plan
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES
Market Release
9 April 2020
Auckland Airport announces opening of NZ$200 million Share Purchase Plan
Auckland International Airport Limited (NZX/ASX:AIA) ("Auckland Airport")
announced today the opening of its NZ$200 million non-underwritten share
purchase plan ("SPP"). The SPP is part of Auckland Airport's equity raising
announced on 6 April 2020, whereby Auckland Airport also undertook a fully
underwritten NZ$1,000 million placement of new shares to existing
institutional and other select investors in both local and offshore markets
(the "Placement"). Auckland Airport announced the successful completion of
the Placement bookbuild on 7 April 2020, which was strongly supported and
fully subscribed at the price determined in the bookbuild of NZ$4.66 per
share.
Eligible existing Auckland Airport shareholders with a registered address in
New Zealand or Australia will receive their application forms to apply for up
to a maximum of NZ$50,000 / AU$47,000 of new shares per shareholder. The
price of these shares will be the lower of the Placement share price, being
NZ$4.66 per share, or a 2.5% discount to the five-day volume weighted average
price of Auckland Airport shares traded on the NZX during the last five days
of the SPP offer period. If scaling of the SPP is required, it will be done
so with reference to existing shareholder holdings at the record date, being
3 April 2020.
The SPP Offer Booklet, together with an application form, will be sent today
to eligible retail shareholders as at the record date of 3 April 2020 with a
registered address in New Zealand or Australia and is available online at
www.aucklandairportshares.co.nz. Given the present uncertainties with
respect to postal deliveries, eligible shareholders wishing to apply for new
shares under the SPP are encouraged to do so online.
The new shares to be issued under the SPP will rank equally in all respects
with Auckland Airport's existing ordinary shares.
Key dates relating to the SPP are set out in the Appendix to this
announcement.
A copy of the SPP Offer Booklet accompanies this announcement.
Auckland Airport's New Zealand and Australian legal advisers are Russell
McVeagh and King & Wood Mallesons respectively.
ENDS
This announcement has been authorised for release to NZX and ASX by:
Mary-Liz Tuck
General Manager Corporate Services, Auckland Airport
Phone: +64 27 277 5086 or +64 9 255 9170
mary-liz.tuck@aucklandairport.co.nz
For investor relations queries please contact:
Stewart Reynolds
Head of Strategy, Planning and Performance, Auckland Airport
Phone: +64 9 257 7059
stewart.reynolds@aucklandairport.co.nz
For media relations queries please contact:
Libby Middlebrook
Head of Communications and External Relations, Auckland Airport
+64 21 989 908
libby.middlebrook@aucklandairport.co.nz
Appendix - Key Dates for Equity Raising(1)
Share Purchase Plan
SPP Record Date - 3 April 2020
SPP Opens - 9 April 2020
SPP Closes - 24 April 2020
Settlement on ASX - 30 April 2020
Settlement on NZX - 1 May 2020
Allotment of shares on NZX and ASX - 1 May 2020
Commencement of trading of shares on NZX - 1 May 2020
Commencement of trading of shares on ASX - 4 May 2020
Not for distribution or release in the United States.
This announcement does not constitute an offer to sell, or the solicitation
of an offer to buy, any securities in the United States or in any
jurisdiction in which such an offer would be illegal. The SPP shares have not
been, and will not be, registered under the United States Securities Act of
1933 (the U.S. Securities Act), or the securities laws of any state or other
jurisdiction of the United States. Accordingly, the SPP shares may not be
offered or sold, directly or indirectly, to any person in the United States
or any person acting for the account or benefit of a person in the United
States.
(1) The timetable presented is indicative only and subject to change without
notice (subject to applicable laws and the NZX Listing Rules and ASX Listing
Rules). All dates and times are New Zealand times (unless stated otherwise).
End CA:00351510 For:AIA Type:CORPACT Time:2020-04-09 08:31:19
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