Scoop has an Ethical Paywall
Capital return interim orders received
Media Release l 12 December 201
Capital return interim orders received
Auckland Airport has received initial orders from the High Court to seek shareholder approval to return $454 million of capital to its shareholders.
Auckland Airport announced the capital return on 28 November 2013. The following day it sought initial orders from the High Court to convene a meeting of shareholders to consider a scheme of arrangement to cancel 1 in 10 of its shares and to return $3.43 per cancelled share. If shareholders approve the scheme, Auckland Airport intends to seek final orders sanctioning the scheme from the High Court under Part XV of the Companies Act 1993.
Charles Spillane, Auckland Airport’s company secretary, says, “We will now proceed to organise a special meeting of shareholders for mid-February 2014.”
Ends
University of Auckland: Junk Food Designed To Make Us Eat More, Study Finds
Spark: New Report Sets Out Outcomes-Led Approach To Lift Rural Connectivity Using The Right Mix Of Technologies
Bill Bennett: Fixed Voice Rules Head For Deregulation
UN Department of Global Communications: United Nations Proposes New Global Dashboard To Measure Progress Beyond GDP
Banking Ombudsman Scheme: Fraud Check Delays Well Worth The Inconvenience, Says Banking Ombudsman
Asia Pacific AML: NZ’s Financial Crime Gap - Beyond The 'Number 8 Wire' Mentality
