Sydney, 13 January 2014
Macquarie Group (ASX: MQG; ADR: MQBKY) advises that following shareholder approval at its general meeting on 12 December 2013, the distribution of Sydney Airport stapled securities (SYD) to eligible shareholders was completed today.
The distribution comprises a reduction of capital of $A2.5737 and a special dividend of $A1.1563 per ordinary share (on a pre-consolidation basis)1, representing 69% and 31% of the distribution respectively, which was calculated using the SYD closing share price of $A3.73 on 10 January 2014. Distribution statements will be dispatched to eligible shareholders by 17 January 2014.
The impact of this distribution on Macquarie is as follows:
Proceeds from the sale facility for small holdings and ineligible foreign holdings, as described in the Explanatory Memorandum for the 12 December 2013 general meeting, will be distributed to participants by 3 March 2014.