Auckland Airport NZ$200m Share Purchase Plan Oversubscribed

  • Apr 30, 2020 NZST
  • Team Kalkine
Auckland Airport NZ$200m Share Purchase Plan Oversubscribed

The share purchase plan of NZ$200 million by Auckland International Airport Limited (NZX: AIA) has been closed oversubscribed. The SPP (share purchase plan) received solid shareholder support with the airport accepting applications amounting about NZ$489 million.

  • The share purchase plan is part of the company’s equity raising, which was announced on 6 April 2020;
  • The company also undertook a fully underwritten NZ$1,000 million placement of new shares to existing institutional and other select investors in both local and offshore markets.

At NZST 02:20 PM, the stock was trading at $6.000 per share, up by 0.17% from its previous close.

 


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