AIA – Auckland Airport approves staff share scheme

Media release | 21 August 2020 Auckland Airport approves staff share scheme This week the Board of Directors of Auckland Airport 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 5 November 2020, less a discount of 20% 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. The Board may cancel its decision to issue the Shares at any time before they are issued. If it does so, the Shares shall not be issued by the company. ENDS For further information, please contact: Media: Libby Middlebrook Head of Communications and External Relations +64 21 989 908 libby.middlebrook@aucklandairport.co.nz Investors: Stewart Reynolds Head of Strategy, Planning and Performance +64 27 511 9632 stewart.reynolds@aucklandairport.co.nz End CA:00358408 For:AIA Type:ADMIN Time:2020-08-21 08:31:20