AIA – Trading Halt of Securities

NZX Limited
Level 2, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599

www.nzx.com

Memorandum

To:
Market Participants
From:
NZX Product Operations
Date:
Wednesday, 4 December 2024
Subject
: Auckland International Airport Limited (“AIA”) – Trading Halt of Securities


Message
:
NZ RegCo has approved a trading halt application from Auckland International Airport Limited
(“AIA”). Trading in AIA equity securities was halted prior to market open today.

AIA’s trading halt application is attached for further information.

Please contact NZX Product Operations on +64 4 496 2853 or productoperations@nzx.com
with any queries.

ENDS

---

Auckland International Airport Limited
PO Box 73020, Auckland Airport, Manukau 2150, New Zealand
Confidential
aucklandairport.co.nz
Page 1 of 2
3 December 2024
To:NZRegCo
11 Cable Street
Wellington
New Zealand
By email: issuer@nzregco.com
ASX Limited
20 Bridge Street
Sydney, NSW, 2000
AUSTRALIA
By email: ash.abdulaziz@asx.com.au
Request for Trading Halt: Auckland International Airport Limited (NZX Code: AIA, ASX: AIA)
Auckland Airport requests a trading halt to be applied to its ordinary shares quoted on NZX and
ASX (Securities) under ASX Listing Rule 17.1 and NZX Listing Rule 9.9.1(a) and sets out below
details of the request as per the rules of each of ASX and NZX.Auckland Airport is not seeking a
trading halt in respect of its debt securities as it does not consider that the following information is
material in respect of those securities.
Reasons for Trading Halt
AIA has tonight been advised by counsel for Auckland Council as follows:
Auckland Future Fund Trustee Limited (the Trustee) has invited a relatively large group of
brokers to submit offers for a parcel of 163,231,446 shares (a 9.71% shareholding) in
Auckland Airport (the Sale Shares). Such brokers were contacted after 6.20pm NZT today.
The Trustee is the trustee of the Auckland Future Fund. Auckland Council established the
Auckland Future Fund on 27 September 2024 as an inter-generational investment trust for
the benefit of Auckland.
The Sale Shares are currently held by Auckland Council. Should an acceptable offer be
received by the Trustee, the Sale Shares will be vested by the Council in the Auckland
Future Fund and sold to the successful broker (the Trust Sale) with a view to the
subsequent sell-down of such shares by the successful broker(s) (the Broker Sale).
The Trust expects to make a decision and expects the Broker Sale will occur during the
course of Wednesday 4 December, and potentially Thursday 5 December 2024.
The sale is very likely to be price sensitive for Auckland Airport's Securities. The fact of the sale
should be considered to be in the public domain – the proposal was not sent to brokers under an
obligation of confidentiality and it is expected that the brokers would have commenced testing
client demand promptly following them being contacted by the Trustee and it is expected that
they will continue to engage with clients until the sale process is concluded. Auckland Airport is
therefore operating under the assumption that the sale process is no longer confidential.

Confidential Page 2 of 2
Auckland Airport is reliant on the Trustee for confirmation of the status of the transactions
described above. Auckland Airport understands it will receive a status announcement and be in a
position to clarify the market no later than market opening (NZT) on Friday 6 December 2024.
How long we want the Trading Halt to last
We would like the trading halt to be lifted at the earlier of formal confirmation that:
the Trust Sale is not taking place at this time; or
the Broker Sale has concluded,
(as applicable, the Termination Announcement).
The event we expect to happen that will end the Trading Halt
We expect the Trading Halt to end on the issue, by Auckland Airport, of the Termination
Announcement.
We confirm that we are not aware of any reason why the trading halt should not be granted.
Yours sincerely
Louise Martin
Head of Legal & Company Secretary
027 359 1106
louise.martin@aucklandairport.co.nz