ASIC Regulatory Guide 231 – Infrastructure entities: Improving disclosure for retail investors has set out the following benchmark and disclosure principle requirements for infrastructure entities. A full copy of the ASIC guide can be found on the ASIC website. ALX’s disclosure against those benchmarks and principles is set out below.
The infrastructure entity, Atlas Arteria (ALX), is a dual stapled vehicle externally managed by Macquarie Group (Macquarie) subject to the Internalisation Proposal (as set out in the Explanatory Memorandum accompanying the Notice of Meeting for the 2018 Annual General Meeting) and approved by MQA securityholders on 15 May 2018. ALX comprises Atlas Arteria Limited (ACN 141 075 201) (ATLAX), an Australian public company, and Atlas Arteria International Limited (Registration No. 43828) (ATLIX), an exempted mutual fund company incorporated in Bermuda. ALX is listed as a stapled structure on the Australian Securities Exchange (ASX). The securities of ATLAX and ATLIX are stapled and must trade and otherwise be dealt with together.
Management and advisory agreements (ALX Management Agreements) with Macquarie Fund Advisers Pty Limited (ABN 84 127 735 960) (AFS Licence Number 318123) (the ALX Manager) were entered into by ATLAX and ATLIX respectively at the time of establishment and updated effective 15 May 2018.
Each of ALX’s toll road assets has its own management team.