AIA - announces opening of $200 million Retail Offer

Thursday 19th September 2024

Auckland International Airport Limited ("Auckland Airport") (AIA.NZX, AIA.ASX) announces the opening of its up to $200 million non-underwritten Retail Offer ("Retail Offer")(1). The Retail Offer is part of Auckland Airport's equity raise announced on 16 September 2024, whereby Auckland Airport also undertook a fully underwritten $1.2 billion placement of new shares to existing institutional and other select investors in New Zealand, Australia, and other jurisdictions (“Placement”). Auckland Airport announced the successful completion of the Placement bookbuild on 17 September 2024, which was strongly supported and fully subscribed at a price of $6.95 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$150,000 / AU$45,500(2) respectively of new Auckland Airport shares, free of any brokerage, commission and transaction costs in accordance with the terms and conditions in the Retail Offer Document. Auckland Airport will have the ability to scale applications or accept oversubscriptions at its discretion(1)(3). The price of these shares will be the lower of the Placement share price, being $6.95 per share, and a 2.5% discount to the five-day volume weighted average price of Auckland Airport shares traded on the NZX during the last five trading days of the Retail Offer period.

A Retail Offer Document, together with an application form, will be sent today to eligible retail shareholders as at the record date of 13 September 2024 with a registered address in New Zealand or Australia and is available online at www.aucklandairportshares.co.nz. Applications can be made through this website or as otherwise directed by Auckland Airport. The closing date for applications by eligible shareholders is 4 October 2024.

The new shares to be issued under the Retail Offer will rank equally in all respects with Auckland Airport’s existing ordinary shares. The new shares are not entitled to the final dividend to be paid on 4 October 2024 (with a record date of 19 September 2024).

Key dates relating to the Retail Offer are set out in the Appendix to this announcement.

ENDS

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