Auckland Airport shareholders overwhelmingly vote in favour of capital return

Wed, 12 Feb 2014

Feb. 12 (BusinessDesk) – Shareholders of Auckland International Airport, the nation’s busiest gateway, have overwhelmingly voted in favour of plans by the nation’s busiest gateway to return $454 million in capital via a share cancellation, with 60 percent of the payment treated as a taxable dividend. Results from the special meeting in Auckland today show 99.3 percent of eligible votes cast were in favour of the plan. The airport company will now seek High Court approval for the capital return, it said. Under the proposed scheme of arrangeme...

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