KEY POINTS:
The final counting of acceptances for the Canada Pension Plan Investment Board (CPP) offer for Auckland International Airport (AIA) has been done and scaling levels have been confirmed.
CPP received acceptances for 63.5 per cent of AIA shares, and a 57.7 per cent vote in favour of the offer which required majority approval.
Shareholders will have 39.53 per cent of their shares sold into the offer taken up and 35.27 per cent of any additional shares, receiving $3.6555 per share, minus 5.75c per share for the interim dividend.
"Overall, those shareholders who accepted into our offer will realise proceeds of around $1.8 billion if our offer receives Overseas Investment approval, much of which will be invested back into the New Zealand economy," said CPP vice-president Graeme Bevans.
Around 80 per cent of shareholders by value voted, and more than 82 per cent of free-floating shares by value accepted the offer, he said.
The Overseas Investment Commission has until April 11 to approve the offer, which will then become unconditional.
AIA shares fell 12c to $2.20.
- NZPA
