EX-99.1 2 v410928_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

 

Macquarie Infrastructure Company LLC
 
125 West 55th Street Telephone +1 212 231 1000  
New York, NY10019 Facsimile +1 212 231 1828  
United States Internet www.macquarie.com/mic  

 

 

 

Media Release

 

 

MACQUARIE INFRASTRUCTURE COMPANY

 

REPORTS OUTCOME OF VOTING AT SPECIAL

 

MEETING

  

·Shareholders approve conversion of MIC to a corporation from an LLC

 

·Shareholders approve authorization of up to 100 million shares of preferred stock

 

 

New York, NY – May 15, 2015 Macquarie Infrastructure Company (NYSE: MIC) hosted a special meeting of shareholders today during which two principal proposals were put forward for consideration and approved.

 

With respect to Proposal Number 1, shareholders of MIC approved the conversion of the Company to a Delaware corporation from a Delaware Limited Liability Company (“LLC”). The conversion is expected to be completed on May 21, 2015 at which time each existing LLC membership interest will be automatically converted into one share of the Common Stock of Macquarie Infrastructure Corporation. The conversion will have no impact on the business or management of the Company and will be treated as a tax free exchange.

 

With respect to Proposal Number 2, shareholders of MIC approved the authorization for issuance, from time to time, of up to 100 million shares of preferred stock.

 

“We thank all shareholders who took the time to consider and vote on these matters,” said James Hooke, chief executive officer of MIC. “We are pleased with the outcome and the confidence in our Company that it represents.”

 

A summary of the voting follows.

 

Proposal Votes For as a Percentage of Shares Outstanding Votes For as Percentage of Shares Voting
Conversion to a corporation 66.24% 86.54%
Authorization of Preferred Stock 59.47% 77.69%

 

 

About Macquarie Infrastructure Company

 

Macquarie Infrastructure Company owns, operates and invests in a diversified group of infrastructure businesses providing basic services to customers in the United States. Its businesses consist of a bulk liquid terminals business, International-Matex Tank Terminals, an airport services business, Atlantic Aviation, a gas processing and distribution business, Hawaii Gas, and several entities comprising a Contracted Power and Energy segment. MIC is managed by a wholly-owned subsidiary of the Macquarie Group. For additional information, please visit the Macquarie Infrastructure Company website at www.macquarie.com/mic. MIC-G

 

 

 
 

 

MIC is not an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of MIC do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). MBL does not guarantee or otherwise provide assurance in respect of the obligations of MIC.

 

For further information, please contact:

 

Investor enquiries

 

Jay A. Davis


Investor Relations


Macquarie Infrastructure Company


(212) 231-1825

 

Media enquiries

 

Paula Chirhart


Corporate Communications


Macquarie Infrastructure Company


(212) 231-1239