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Information for securityholders on Sydney Aviation Alliance’s acquisition of all securities in Sydney Airport

On this page securityholders can access information on the Scheme, including key indicative dates, relevant ASX announcements and the Scheme Booklet.

On 9 February 2022, the scheme of arrangement and the trust scheme pursuant to which the Sydney Aviation Alliance will acquire all of Sydney Airport Securities on issue (the “Scheme”) became legally effective. This followed the Scheme Meetings held on 3 February 2022 at which securityholders voted in favour of the Scheme (a transcript of which can be found below) and subsequent Scheme approval by the Supreme Court of New South Wales.

Implementation of the Scheme

The indicative times and dates for implementation of the Scheme and other key dates are set out below.

Key datesTime and date
Scheme Record Date

All Sydney Airport Securityholders who held Sydney Airport Securities on the Scheme Record Date will be entitled to receive the Scheme Consideration.

7.00pm (AEDT) on 16 February 2022
Implementation Date

The Scheme Consideration will be paid out to Scheme Securityholders on this date and their Scheme Securities will be transferred to the Bidder.

9 March 2022 (AEDT)

Payment of Scheme Consideration

Sydney Airport Securityholders who held Sydney Airport Securities at the Scheme Record Date (7.00pm (Sydney time) on Wednesday, 16 February 2022), will receive cash consideration of $8.75 per Sydney Airport Security ("Scheme Consideration"). The Scheme Consideration will be paid out on the implementation date, which is expected to be Wednesday, 9 March 2022.

All payments of Scheme Consideration to Sydney Airport Securityholders who held Sydney Airport Securities at the Scheme Record Date will be made in accordance with one of the below methods:

  • by direct deposit into the securityholder's nominated bank account, as advised to the Sydney Airport Registry as at the Scheme Record Date; or
  • by cheque via prepaid post to the securityholder's registered address, as advised to the Sydney Airport Registry as at the Scheme Record Date.

Scheme Meeting

The Scheme Meeting was held on 3 February 2022, a transcript of the meeting is available to view online here.

Scheme Booklet

The Scheme Booklet is available to view online here.

Security information line

Sydney Airport Securityholders requiring further information in relation to the Scheme may contact the Sydney Airport Securityholder Information Line on 1300 367 804 (within Australia) or +61 2 9066 6162 (outside Australia), Monday to Friday between 8.30am and 5.30pm (Sydney time).

ASX announcements relating to the proposed acquisition

10 March 2022

Removal from Official List

9 March 2022

Implementation of Schemes

9 February 2022

Suspension from Quotation

9 February 2022

Scheme Effective

9 February 2022

Supreme Court Approves Schemes

3 February 2022

Sydney Airport Scheme Meeting Results

3 February 2022

Sydney Airport Scheme Meeting Chairman's Address

22 December 2021

FIRB condition satisfied for proposed Schemes

17 December 2021

Court Approves Convening of Scheme Meetings

Scheme Booklet registered with ASIC

9 December 2021

Sydney Aviation Alliance's acquisition of Sydney Airport

Scheme Update - ACCC and EU Conditions

6 December 2021

Letter from the Chairman of Sydney Airport

8 November 2021

Sydney Airport enters into Scheme Implementation Deed with Sydney Aviation Alliance

18 October 2021

Sydney Airport – Consortium Proposal Update

13 September 2021

Sydney Airport receives further revised conditional and nonbinding proposal and intends to grant due diligence

16 August 2021

Sydney Airport receives revised conditional and non-binding proposal and concludes that it is not in the best interests of Securityholders

15 July 2021

Board concludes that indicative proposal to acquire Sydney Airport not in the best interests of securityholders

5 July 2021

Conditional, non-binding proposal for the acquisition of Sydney Airport