This section answers some of the key questions that prospective investors may have about MAp. These answers are intended as a guide only and do not represent a full summary of the Terms of Issue or the other agreements affecting MAp.
- How do I invest in MAp Airports (MAp)?
- Why is it called a stapled security and not a share?
- When will distributions be paid on securities?
- What is the DRP and how do I register for it?
- What are MAp's investment criteria?
- What are MAp's airports?
- What is the breakdown of the distribution paid by MAp in August 2009?
- How do I change my address for all MAp correspondence?
- What is the Australian Tax Office's view of stapled securities?
1. How do I invest in MAp Airports (MAp)?
MAp is listed on the Australian Securities Exchange (ASX), and therefore MAp stapled securities can be purchased through any ASX registered broker.
2.Why is it called a stapled security and not a share?
Stapled securities comprise securities in two (or more) separate entities that are traded as a single stapled security. In MAp's case, there are two Australian trusts (MAT1 and MAT2) and a Bermudan company (MAIL). Each Security will consist of one unit in each of MAT1, MAT2 and one share in MAIL.
Generally such structures are used to hold a portfolio of assets (such as airports, toll roads or commercial buildings) and are designed with the aim of maximising the efficiency with which returns are made to the security holders.
3. When will distributions be paid on securities?
MAp intends to make half yearly distribution to Security Holders to the extent that it is legally entitled to do so. Distributions will be paid in respect of the six months to June and the six months to December. It is expected that the June distribution will be paid in August and the December distribution paid in February.
4. What is the DRP and how do I register for it?
The DRP is the Distribution Reinvestment Plan. Under this plan Australian and New Zealand MAp stapled security holders can choose to have their distributions automatically revinvested in MAp units at zero brokerage fees.
Full details of the terms and methodolgy for calculating the price of securities allocated under the Distribution Reinvestment Plan (DRP) are available in the DRP booklet.
5. What are MAp's investment criteria?
MAp's objective is to invest in a portfolio of airport businesses. In its IPO prospectus, MAp stated its intention to acquire significant shareholdings which have the potential to provide influence over the key strategic, commercial and financial decisions affecting its investments.
6. What are MAp's airports?
MAp holds:
| Sydney | 74.0% |
| Copenhagen | 30.8% |
| Brussels | 39.0% |
7. What is the breakdown of the distributions paid by MAp?
Please see detailed distribution information in the Distributions section.
8. How do I change my address for all MAp correspondence?
Your need to contact the MAp share registry Computershare.
- To contact Computershare by phone, simply dial +61 3 9415 4195 or 1800 102 368 (toll free) and quote your SRN (Security holder Reference Number - this can be found in the right corner of any Computershare correspondence and beings with the letter 'I'). You can then change your name over the phone if you are an individual holder. If you are a joint holder or company, you can request that a change of address form be mailed to you, or alternatively you can amend your address online at www.investorcentre.com/au.
- You can also download the change of address form from the internet yourself. Simply log onto www.computershare.com.au. Go to investors/downloadable forms/holder amendments/change of address notification. Once you've filled out the form you can either fax it to +61 3 9473 2500 or mail to:
Computershare Investor Services Pty Ltd
GPO Box 2975
Melbourne VIC 3001 Australia
9. What is the Australian Tax Office's view of stapled securities?
The ATO has developed information to assist investors who own stapled securities determine their capital gains tax (CGT) obligations. Click on the following link to read more: ATO information on stapled securities.