MAp 30-Sep-2009 special general meetings results
MAp announces that at the Special General Meetings of Macquarie Airports Limited and the General Meetings of Macquarie Airports Trust (1) and Macquarie Airports Trust (2) held today, each of the resolutions in the Notices of Meeting dated 07-Sep-2009 were duly passed on a poll in accordance with relevant requirements.
Details of the proxies lodged and poll results are attached together with the full text of each resolution.
Mr Trevor Gerber, Chairman of the Independent Board Committee (IBC) of Macquarie Airports Management Limited, said, "The IBCs of MAp are delighted that MAp security holders have had the opportunity to express their wishes through the vote on internalisation at the MAp Special General Meetings held today.
Security holders showed strong support for the internalisation and other resolutions. "Security holders have recognised the benefits of internalisation and the experienced MAp management team of over 20 executives led by Chief Executive Officer, Kerrie Mather. Since listing MAp has achieved a total return for security holders of approximately 12.5% per annum outperforming the 7.1% return delivered by the ASX200 Industrials Accumulation Index."
Given the recent increase in the MAp security price and resulting base fee payable to Macquarie until completion, the MAp boards and management will look to expedite completion. Security holders will shortly be sent information regarding the proposed 1-11 nonrenounceable entitlement offer.
Refer to full documentation in attachments box, located at the top left, below the headline.
Download Files
There are files associated with this article. You can download them below.
You need to be logged in to download files.