Auckland Airport Retail Offer Oversubscribed

Auckland International Airport Limited (ASX:AIA) has announced the successful closure of its NZ$200 million Retail Offer, which was oversubscribed. This Retail Offer is part of Auckland Airport's equity raising initiative, which also involved a fully underwritten NZ$1,200 million placement of new shares to existing institutional and other select investors in both local and offshore markets.

Executive Commentary

The Retail Offer has closed oversubscribed, reflecting strong support from eligible shareholders with a registered address in New Zealand or Australia. We are pleased with the outcome and the opportunity it presents for our shareholders to participate in the equity raising initiative. The allotment and settlement of shares issued under the Retail Offer is expected to occur on 11 October 2024, with trading of those shares commencing on NZX on 11 October 2024 and on ASX on 14 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.

Summary

Auckland Airport (ASX:AIA) has successfully closed its oversubscribed NZ$200 million Retail Offer, which forms part of its broader equity raising strategy. The Retail Offer, along with the fully underwritten NZ$1,200 million placement of new shares, received strong support from eligible shareholders in New Zealand and Australia. The allotment and settlement of shares issued under the Retail Offer is expected to occur on 11 October 2024, with trading commencing on NZX on 11 October 2024 and on ASX on 14 October 2024. The new shares to be issued under the Retail Offer will rank equally with the company's existing ordinary shares. The successful closure of the Retail Offer reflects investor confidence and provides an opportunity for eligible shareholders to participate in Auckland Airport's equity raising initiative.