16 Dec 2022

Shareholders Association on Auckland Airport temporary trading halt

From Morning Report, 7:39 am on 16 December 2022

Auckland's mayor triggered a suspension in Auckland Airport's trading on the sharemarket yesterday with a throw-away comment during a council meeting.

While making his case for selling the council's eighteen percent share in the airport, Wayne Brown suggested the company was planning a major capital raising to open a new domestic terminal.

Later in the meeting he claimed he had just been speculating, and that he didn't have any inside knowledge.

New Zealand Shareholders Association chief executive Oliver Mander spoke to Kim Hill.