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Old 21st Jan 2013, 20:09
  #342 (permalink)  
rutankrd
 
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MAG Group is a registered PLC however the shareholders are the local boroughs and now an Australian Equity Company.

With a significant external ownership it is certain that LGGs (Whom resides somewhere nearer Luton/Harpenden) corporate governance issues WILL be addressed very soon.

Going forward the NEW MAG Group will be a different animal and those Ausies will want performance numbers and metrics set across the group.

Manchester and Stansted will remain separate business centres with their own Management teams and negotiators pricing formulas and objectives.

Some services may be traded intergroup accounts etc...

MAG may go out to sell the groups airports however actual negotiations will be local.

I also think that we can expect further dilutions of the LA ownership % in the coming years.

The existing Web sites are primarily marketing oriented rather than financial and shareholder tools.

The general commercial website is www.magworld.co.uk and reports and such like can be downloaded from there.

The annual report details all Executive and non executive directors and those the have left on page 36 including remunerations.

Changes and additional information is available on request and via the auditors KPMG.

MAG has a corporate governance policy statement.

One final thing MAG are currently the preferred bidder and the sale has some way to go for completion.
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