From: Rowell, Toni <
Sent: Thursday, May 4, 2023 1:32 PM
To: Baxendale, Dawn <
; Scales, Leah <
>
Cc: Silk, Paul <
; Hyde, Kelly <
>
Subject: CIAL land purchase
Kia ora Dawn and Leah
As required by the Enduring Statement of Expectations (Enduring SOE), please see below email from
CIAL’s CEO (Justin Watson) notifying that CIAL is in the process of making a land purchase. This
notification is being issued to Council, in advance of any legal agreement or undertaking being
finalised, as required by the Enduring SOE.
Regards
Toni
Toni Rowell Chief Financial Officer
Christchurch City Holdings Ltd
Christchurch 8140
New Zealand
From: Justin Watson <
Sent: Thursday, 4 May 2023 12:28 pm
To: Silk, Paul <
z>
Cc: Michael Singleton <
>; Tim May <
>; Rowell, Toni
<
>
Subject: Land purchase
Hi Paul, confirming our discussion from yesterday morning notifying of a land purchase as per the
Enduring Letter of Expectations.
CIAL is making a land purchase that is subject to a confidentiality agreement.
The transaction is not material in terms of price, nor do we believe it meets any other materiality
factors.
The land acquisition fits within the existing nature and scope of CIAL’s business as recorded in our
SOI.
We will aim to get you as much information as we are able to in the bounds of the confidentiality
agreement
Thanks
Justin
Justin Watson
Chief Executive
W christchurchairport.co.nz
P PO Box 14001, Christchurch 8544, New Zealand
Please consider the environment before printing this email.
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