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Meinl Airports International Ltd.

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

St, Helier Jersey (euro adhoc) -

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

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

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