Auckland International Airport's $200 million retail offer has closed oversubscribed.
The retail offer, which is part of the airport's equity raising, received applications totalling approximately $223m.
As a result, the applications have been scaled on a proportionate basis.
Eligible shareholders were allocated at least their pro rata proportion of the total offer amount, subject to a maximum of $150,000 per eligible shareholder.
The retail offer provided eligible Auckland Airport shareholders in New Zealand and Australia with the opportunity to subscribe for new shares.
The allotment and settlement of shares issued under the retail offer are expected to occur on October 11, 2024, with trading on the NZX and ASX to commence on the same day and October 14, 2024, respectively.
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