Auckland Airport $1.2 billion Placement Fully Subscribed

Auckland International Airport Limited (Auckland Airport) (ASX:AIA) has successfully completed the bookbuild for its $1.2 billion fully underwritten placement, with the Placement being fully subscribed at the offer price of $6.95 per share. The settlement of the Placement is expected to occur on 19 September 2024 for the ASX and on 20 September 2024 for the NZX, with allotment and commencement of trading on NZX and ASX expected to occur on 20 September 2024.

Chief Executive Carrie Hurihanganui's Remarks on Placement

Chief Executive Carrie Hurihanganui expressed her satisfaction with the level of support for the Placement and the broader capital investment program shown by the investment community. She emphasized that this support will enable Auckland Airport to deliver critical infrastructure, adding resilience and providing greater airline capacity growth.

Summary of Auckland Airport's Placement and Outlook

Auckland Airport has successfully completed a fully underwritten placement of $1.2 billion, which was fully subscribed at the offer price of $6.95 per share. The company's Chief Executive, Carrie Hurihanganui, expressed satisfaction with the level of support for the Placement and the broader capital investment program. The settlement of the Placement is expected to occur on 19 September 2024 for the ASX and on 20 September 2024 for the NZX, with allotment and commencement of trading on NZX and ASX expected to occur on 20 September 2024. Auckland Airport is also undertaking a $200 million retail offer, with key dates outlined in the announcement. The new shares to be issued under the Placement will rank equally in all respects with Auckland Airport's existing ordinary shares quoted on the NZX and ASX from the date of allotment. The company's ambitions and goals include delivering critical infrastructure, adding resilience, and providing greater airline capacity growth.