AI Airports International Limited
EANS-News: AI Airports International Limited
Board of Directors announces
fourth capital repayment of EUR 1.12 per certificate
St Helier, Jersey, Channel Islands (euro adhoc) -
Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement.
Strategic management decisions
Jersey/Vienna November 24, 2010 - On the basis of the authorization granted at the Annual General Meeting held on October 7, 2009, the Board of Directors of AI Airports International Limited (AI) decided on November 22, 2010 to make a capital repayment in cash to shareholders of EUR 1.12 for each eligible certificate. Thereby the total amount of all capital repayments distributed to the AI certificate holders hitherto increases to EUR 5.17 per certificate.
The board has determined that in order to make a timely distribution following the EGM, it was necessary to avoid waiting for the Parma deal with MB to close and as stated at the EGM, to proceed by distributing a substantial portion of the 1.20 announced at the EGM. Therefore, the Board has decided to distribute 1.12 now rather than to wait a currently indeterminate amount of time to distribute the remaining 8 cents. The sale of AI´s shares in Parma to MB continues to progress.
Oesterreichische Kontrollbank Aktiengesellschaft ("OeKB"), which
holds 69.999.997 shares in the company on the account of certificate
holders, will transfer the portion of the capital repayment received
to the certificate holders by crediting the respective amounts to the
account holding banks. This transfer will take place as of November
30, 2010, based on the deposit account balances booked on November
29, 2010. OeKB will not make any payments for treasury certificates
held by the company.Trading ex-capital repayment will take place starting on November 30, 2010.
This fourth capital repayment follows the initial capital repayment amounting to EUR 2.25 per certificate at the beginning of June 2009, the second capital repayment amounting to EUR 0.70 per certificate at the end of October 2009, and the third capital repayment amounting to EUR 1.10 per certificate at the end of August 2010.
end of announcement euro adhoc
Further inquiry note:
Investor Relations and Public Relations
Metrum Communications
Mick Stempel
T: +43 1 504 69 87-385
M: m.stempel@metrum.at
Michaela Lipa
T: +43 1 504 69 87-341
M: m.lipa@metrum.at
Branche: Real Estate
ISIN: AT0000A053N4
WKN:
Index: other listings
Börsen: Wien / Third Market