EANS-News: AI Airports International Limited / Annual General Meeting Approves Winding up of the Company

--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------

St Helier, Jersey, Channel Islands (euro adhoc) - Jersey/Vienna, July 12, 2012 -
All proposed resolutions on the agenda of the Annual General Meeting (AGM)
of AI Airports International Limited (AI) - including the winding up of
the Company - held today, Thursday, in Vienna, were approved by a majority of
approximately 99%.

As the Articles of Association of AI require that each director shall retire at
each AGM, the current Board of Directors put themselves forward for re-
election. James Shinehouse, Richard Boléat, George Baird and Murdoch McKillop
were re-elected as directors of AI. James Shinehouse was also re-elected to the
position of Managing Director of AI.

In addition, the AGM also approved AI's annual accounts, the directors' report
and the auditor's report for the period January 1, 2011 to December 31, 2011.
BDO Limited, Jersey, was appointed as auditor to the Company.

Moreover, the Board of Directors was authorised to return further capital to
shareholders. The Board of Directors intends to repay an additionall EUR 0.10
per certificate as soon as practicable following the AGM. Furthermore, the BoD
intends to repay additional amounts as circumstances permit. The Board of
Directors' guidance of anticipated potential further repayments, after the
repayment of EUR 0.10 per certificate noted above, ranges between EUR 0.08 and
EUR 0.12 per certificate, excluding treasury certificates.

Furthermore, the AGM approved the winding up of the Company in accordance with
Jersey Law. However, there can be no definitive timescale for the finalisation
of the winding up process and the dissolution of the Company because the timing
of the completion of the litigation matters cannot be predicted. The directors
believe, however, that commencing the winding up process at this time will
provide the Company with the flexibility to wind up quickly upon completion of
the litigation matters.

Further information on AI Airports International is available at:
www.airportsinternational.eu

Further inquiry note:
Investor Relations and Public Relations
Metrum Communications GmbH
Mick Stempel
T: +43 1 504 69 87-385
M: [email protected]
end of announcement euro adhoc
--------------------------------------------------------------------------------

company: AI Airports International Limited
17 The Esplanade
A-JE4 9NY St Helier, Jersey, Channel Islands
mail: [email protected]
WWW: www.airportsinternational.com
sector: Real Estate
ISIN: AT0000A053N4
indexes: other listings
stockmarkets: Third Market: Wien
language: English

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT | CNE

print