Auckland International Airport Limited (AIA)

[CJ]

Is there a date on which you had to hold shares to be able to vote on and participate in the offer? Or if you buy in the next few days, can you still get the voting papers and vote?

Grimy - I beleive you just have to hold the shares as at 13th. Votes have to be received by COB of 13th.

[STRAT]

Personally I have no problem with rules about the ownership of "strategic assets", but I do have a problem with our government butting in just 8 days before the offer closes - the offer has been officially on the table since 14th December, and was announced some time before that.

We should also keep in mind the the New Zealand government used to be a majority owner of the airport, and had ample opportunity to impose conditions on overseas ownership when it decided to sell its stake, but chose not to.

Thats it in a nutshell Deev and you can bet your dirty undies that labor would have given serious consideration to potitical fallout on this so close to an election they know they are loosing. Obviously all you fellas allong with AIAL have been tagged as being die hard national supporters and there for of no consequence. It pisses me off and I dont even hold shares.

[Kropotkin]

Thats it in a nutshell Deev and you can bet your dirty undies that labor would have given serious consideration to potitical fallout on this so close to an election they know they are loosing. Obviously all you fellas allong with AIAL have been tagged as being die hard national supporters and there for of no consequence. It pisses me off and I dont even hold shares.

A huge miscalculation by the trolls of Helengrad.
How is this going to look to international investment community?

Yet another reason why NZ needs to reinstate an Upper House or give the Gov. Gen. back his balls in order to protect the country from cheap election year political opportunism.

Boo to Helen!

[COLIN]

Is there a date on which you had to hold shares to be able to vote on and participate in the offer? Or if you buy in the next few days, can you still get the voting papers and vote?

The cut-off date for qualifying for the right to vote was away back in December. But you can sell your shares into the offer right up to the expiry date of the offer.

[COLIN]

It also seems to me that Clark and Cullen are shrewd enough to know that this move will put pressure on John Key; any suggestion that National would approve the sale of "strategic" assets to foreign interests will scare the unthinking masses back into Helen's loving embrace.

[CJ]

It also seems to me that Clark and Cullen are shrewd enough to know that this move will put pressure on John Key; any suggestion that National would approve the sale of "strategic" assets to foreign interests will scare the unthinking masses back into Helen's loving embrace.

Is it really such an issue that this gets sold. if they start ramping up landing fees (against the national interest), just regulate it as a monopoly supplier, or let Infratil build their second Auckland airport.

[Grimy]

The cut-off date for qualifying for the right to vote was away back in December. But you can sell your shares into the offer right up to the expiry date of the offer.

So have I got this right, as I didn't own shares last year, but do now, when I get replacement voting papers (or will I not be able to get those?) I will not be able to vote for/against the proposal, but I can offer them my shares?
The phone number for anyone wanting replacement voting papers is 0800 220 010

[Toddy]

A bit supercilious. Who are these "unthinking masses" that you refer to? Surely you are not referring to the good citizens of NZ.
hiawatha

Hiawatha, I may be able to help.
I don't think Colin was referring to;
-shareholders
-people who own property under individual property rights ( my father inlaw is worried as he recently sold his house to an Indian family, he is asking how this 'act' may effect his selling to a foreign family).
-anyone who has travelled outside of New Zealand and has observed how foreign investment can add world class property and services.

He may be referring to those who think that they own something because they live in the same country. Some may refer to these kind of people as socialists, or communists.

What do you mean by 'good citizens of NZ'?

[COLIN]

So have I got this right, as I didn't own shares last year, but do now, when I get replacement voting papers (or will I not be able to get those?) I will not be able to vote for/against the proposal, but I can offer them my shares?
The phone number for anyone wanting replacement voting papers is 0800 220 010

You can offer them your shares but you won't get an opportunity to vote. I know because I checked with the registry.

[COLIN]

A bit supercilious. Who are these "unthinking masses" that you refer to? Surely you are not referring to the good citizens of NZ.
hiawatha

Sorry if you consider I was being "supercilious" but I was referring to the large proportion of the public who have little understanding of investment matters. Many seem to hold views such as: "no foreigner should be allowed to own anything in NZ" or "capitalism is inherently bad" etc. They are easy meat for politicians who play on their fears.
Does the proverbial "man in the street" have much of an idea, for instance, of the extent to which the NZ Superannuation Fund invests offshore? And if they have no problem with outward investment, what is so wrong with the idea of inwards investment?
The Canadians have made it quite clear that they do not wish to control Auckland Airport.