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Approaches to AIAL shareholders
Approaches to AIAL shareholders by Canada Pension Plan
Auckland International Airport Limited (AIAL) has become aware of approaches made by the Canada Pension Plan Investment Board (CPPIB) to certain shareholders to purchase their AIAL shares for NZ$3.10 per share in advance of a possible intention to launch a takeover.
The Directors of AIAL understand that those approaches have been rejected by the shareholders concerned. The AIAL Directors also understand that CPPIB does not intend to proceed with a takeover offer at this time. AIAL has not received notice of any takeover offer.
The Directors of AIAL are, however, in discussions with parties, including CPPIB, regarding value enhancing opportunities including acquiring an ownership interest in AIAL and supporting the strategic development of AIAL. These opportunities are being evaluated by AIAL's Board and remain subject to a number of conditions.
The Board recommends to shareholders that they don’t sell their shares in AIAL as doing so would risk forgoing the value upside associated with the above mentioned opportunities or a contested offer, should one eventuate.
The Board will keep shareholders fully informed of developments on a regular basis.
ENDS
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