AI Airports International Limited

EANS-News: AI Airports International Limited
Annual General Meeting Approves Winding up of the Company

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  Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Annual & Special Corporate Meetings


St Helier, Jersey, Channel Islands (euro adhoc) - Jersey/Vienna, July 12, 2012 -
All proposed resolutions on  the  agenda  of  the Annual General Meeting  (AGM) 
of  AI  Airports  International  Limited  (AI)  - including the winding up of
the Company - held today, Thursday, in Vienna,  were approved by a majority of
approximately 99%.

As the Articles of Association of AI require that each director shall retire  at
each AGM, the  current  Board  of  Directors  put  themselves  forward  for  re-
election. James Shinehouse, Richard Boléat, George Baird  and  Murdoch  McKillop
were re-elected as directors of AI. James Shinehouse was also re-elected to  the
position of Managing Director of AI.

In addition, the AGM also approved AI's annual accounts, the  directors'  report
and the auditor's report for the period January 1, 2011 to  December  31,  2011.
BDO Limited, Jersey, was appointed as auditor to the Company.

Moreover, the Board of Directors was authorised to  return  further  capital  to
shareholders. The Board of Directors intends to repay an  additionall  EUR  0.10
per certificate as soon as practicable following the AGM. Furthermore,  the  BoD
intends to repay additional  amounts  as  circumstances  permit.  The  Board  of
Directors' guidance of  anticipated  potential  further  repayments,  after  the
repayment of EUR 0.10 per certificate noted above, ranges between EUR  0.08  and
EUR 0.12 per certificate, excluding treasury certificates.

Furthermore, the AGM approved the winding up of the Company in  accordance  with
Jersey Law. However, there can be no definitive timescale for  the  finalisation
of the winding up process and the dissolution of the Company because the  timing
of the completion of the litigation matters cannot be predicted.  The  directors
believe, however, that commencing the winding  up  process  at  this  time  will
provide the Company with the flexibility to wind up quickly upon  completion  of
the litigation matters.

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


Further inquiry note:
Investor Relations and Public Relations
Metrum Communications GmbH
Mick Stempel
T: +43 1 504 69 87-385
M: m.stempel@metrum.at

end of announcement                               euro adhoc 
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company:     AI Airports International Limited
             17 The Esplanade 
             A-JE4 9NY St Helier, Jersey, Channel Islands
mail:     vavercakova@airportsinternational.eu
WWW:      www.airportsinternational.com
sector:      Real Estate
ISIN:        AT0000A053N4
indexes:     other listings
stockmarkets: Third Market: Wien 
language:   English
 



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