Auckland Airport has announced the opening of its up to $200 million non-underwritten retail offer.
The retail offer is part of the airport's equity raise, which also includes a fully underwritten $1.2 billion placement of new shares to existing institutional and select investors.
Eligible existing Auckland Airport shareholders in New Zealand and Australia will receive application forms to apply for up to a maximum of $150,000 and $45,500 of new shares, respectively.
The price of the shares will be the lower of the placement share price of $6.95 or a 2.5% discount to the five-day volume weighted average price.
The retail offer document and application form have been sent to eligible retail shareholders, and applications can be made online.
The closing date for applications is October 4, 2024.
The new shares to be issued will rank equally with Auckland Airport's existing ordinary shares.
See more
