Meinl Airports International Ltd.

EANS-News: Meinl Airports International Ltd.
AI Airports International Extraordinary General Meetings Approve All Resolutions by an Overwhelming Majority

Board of Directors authorised to return free cash – No further investments – Sale of portfolio of assets approved – New internal management structure – Only Meinl Bank AG voted against Amendments to Memorandum of Association

@@start.t1@@--------------------------------------------------------------------------------   Corporate news transmitted by euro adhoc. The issuer/originator is solely   responsible for the content of this announcement. --------------------------------------------------------------------------------@@end@@

companies

St, Helier Jersey (euro adhoc) - AI Airports International Extraordinary General Meetings Approve All Resolutions by an Overwhelming Majority Board of Directors authorised to return free cash - No further investments - Sale of portfolio of assets approved - New internal management structure - Only Meinl Bank AG voted against Amendments to Memorandum of Association

Jersey/Vienna, April 22, 2009 - All proposed resolutions on the agenda of the two extraordinary general meetings (EGMs) of AI Airports International held today, Wednesday, in Vienna, were approved by an overwhelming majority of certificate holders. The legally stipulated two-thirds majority of certificate holders represented at the first EGM approved all the formal pre-requisites required as the basis for authorising the Board of Directors to return the cash and cash equivalents at the disposal of the company to certificate holders. These pre-requisites are related to resolutions concerning converting the par value bearer shares into no par value bearer shares, revisions to the Articles of Association and a change in the Memorandum of Association. The special resolutions regarding the Amendments to Memorandum of Association were approved by 99.99% of the present certificates represented by approximately 120 certificate holders. Only Meinl Bank AG voted against these special resolutions. As soon as the required formal consent of the resolutions approved by the EGM has been granted by the Jersey Financial Services Commission in accordance with Jersey Law, the company will take the first step and distribute EUR 3.50 per certificate to certificate holders. This was confirmed during the first EGM by Wolfgang Vilsmeier, Chairman of the Board of Directors of AI Airports International. Furthermore, the obligatory two-thirds majority of certificate holders approved an immediate stop to all investments, as well as the commercial realisation (i.e. sale or disposal) of the existing portfolio of assets. The second EGM also approved the change of the company´s name to AI Airports International Limited. The EGM elected Murdoch McKillop as a new member of the Board of Directors, whose composition was adapted to reflect the strategic direction resolved by the EGM. In the future, no new projects will be implemented, and the focus will be on optimally disposing of assets. For this reason, all the members of the Board of Directors will be "non-executive" members, with the exception of Jim Shinehouse, who will perform the newly created function of a Managing Director. Wolfgang Vilsmeier will remain Chairman of the Board of Directors. Hans-Peter Dohr will switch from his previous Board function to the operational management as Chief Operating Officer of AI Airports International. Björn Pirrwitz and Fred Duswald have resigned from their positions on the Board of Directors. Detailed information on voting results for the individual resolutions will be published on the website of the company.

Further information about AI Airports International is available at www.airportsinternational.eu

@@start.t2@@end of announcement                                                 euro adhoc
--------------------------------------------------------------------------------@@end@@

ots Originaltext: Meinl Airports International Ltd.
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Investor Relations and Public Relations
Hochegger Financial Relations GmbH,
Dieter Riedlinger,
T: +43 1 504 69 87 344,
M: d.riedlinger@hochegger.com

Branche: Real Estate
ISIN:      AT0000A053N4
WKN:        
Index:    other listings
Börsen:  Wiener Börse AG / Third Market



Weitere Meldungen: Meinl Airports International Ltd.

Das könnte Sie auch interessieren: