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Acquisition of Sydney Airport

On 9 March 2022, Sydney Aviation Alliance acquired all Sydney Airport Securities on issue by way of Scheme of Arrangement (the “Scheme”). 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.

On this page securityholders can access archived information on the Scheme.

Implementation of the Scheme

Key datesTime and date
Implementation Date

The Scheme Consideration was paid out to Scheme Securityholders on this date and their Scheme Securities were 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), received cash consideration of $8.75 per Sydney Airport Security ("Scheme Consideration"). The Scheme Consideration was paid out on the implementation date, Wednesday 9 March 2022.

All payments of Scheme Consideration to Sydney Airport Securityholders who held Sydney Airport Securities at the Scheme Record Date were 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.

For any questions on Scheme Consideration payments please contact Computershare Pty Ltd (Sydney Airport’s security registry) by calling +61 (0)3 9415 4000 or 1300 850 505 (within Australia).

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.

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