AIA Provision of Financial Assistance – Employee Share Plan

Market Release | 29 November 2023

Provision of Financial Assistance under
Employee Share Scheme Plan
In accordance with section 80 of the Company Act 1993, Auckland International Airport
Limited (Auckland Airport) is required to make the following disclosure in respect of
financial assistance provided by Auckland Airport for the recent allocation to Auckland
Airport employees under Auckland Airport’s employee share scheme plan (ESS Plan).
Auckland Airport established the ESS Plan by a trust deed dated 19 November 1999 (as
amended by a deed of amendment and restatement of the trust deed dated 31 October
2019), to enable employees to acquire ordinary shares in Auckland Airport. Under the ESS
Plan, permanent full time and part time employees of Auckland Airport receive an interest
free loan to fund the acquisition of Shares in the Auckland Airport, the shares are acquired
on behalf of Auckland Airport employees by the ESS Plan Trustees and are held on trust
by the Trustee for a three year period. This financial assistance has been provided pursuant
to section 80 of the Companies Act 1993.
Details of Financial Assistance
The details of the financial assistance provided by Auckland Airport are as follows:


Shares in respect of which the financial
assistance was provided
134,300 ordinary shares in Auckland
Airport (Shares)

Consideration paid for the Shares

$6.1911 per Share
Recipients of the financial assistance Employees of Auckland Airport who applied
to acquire Shares under the ESS Plan. The
Shares are held by the Trustee for the
participants for a restricted period of 3
years.

Nature of financial assistance The financial assistance was given in the
form of interest free loans to employees
participating in the ESS Plan to fund the
purchase of the Shares, repayable over a
three-year period under the terms of the
ESS Plan. The total amount of the loans
made was $831,464.73.

ENDS

For further information please contact:

General Counsel & Company Secretary
Ian Beaumont, Russell McVeagh
+64 27 479 2622
Ian.beaumont@russellmcveagh.co.nz