AIA – Auckland Airport approves staff share scheme

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Market Release | 1 October 2019

Auckland Airport approves staff
share scheme
The Board of Directors of Auckland Airport recently voted to approve an offer to
employees to participate in a share purchase plan (the Plan). The Plan was
established by Auckland Airport in 1999 and is intended to encourage and incentivise
employees by providing them with a stake in the Company and a financial interest in
its performance and success.

The Plan involves Auckland Airport making interest free loans to employees to fund
the acquisition of ordinary shares in the Company (the Shares). The loans will be
repaid by employees in regular instalments over a three year term by way of a
deduction from their salary or wages. The shares will be allocated to employees from
surplus shares held by the trustees of the Plan (the Trustees) under clause 6.1 of the
Trust Deed. To the extent that the number of surplus shares being allocated is not
sufficient to meet the uptake of offers by participating employees, the Company shall
issue new shares to the Trustees on behalf of participating employees.

Shares will be allocated (either from existing shares held by the Trustees and/or by
the Company issuing new shares) at a price which will be equivalent to the middle
market quotation for an ordinary share in the Company on the NZX Main Board on 4
November 2019, less a discount of 15% and otherwise on the terms and conditions of
the Plan (Discounted Share Price).

Shares will rank in full for all dividends declared by Auckland Airport after the date of
issue and shall rank equally in all respects with the existing Shares.

ENDS

For further information, please contact:

Investor Relations
Natalia Plamadeala
+64 9 255 9276
+64 27 381 8981
natalia.plamadeala@aucklandairport.co.nz