Sydney (MACQUARIE AIRPORTS) - MAp advises that its foreign ownership level has reached 38.63% up from 34.87% in March and 33.32% in January as disclosed in the MAp annual results presentation released in February.
The MAp constitutions set out the process for disposal of securities to prevent MAp from becoming a Foreign Person or to cure the situation where MAp becomes a Foreign Person (Foreign Ownership Situation). Where a Foreign Ownership Situation occurs, MAp has the power to require a foreign security holder (on a last in first out basis) to dispose of MAp stapled securities. If the foreign security holder fails to dispose of its MAp stapled securities, MAp may sell those securities at the best price reasonably obtainable at the time.
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