Annual Report and Accounts 2010-11 - Manchester Airport

80Principal Subsidiary UndertakingsName of undertaking Description of Proportion of Principal activitiesshares heldnominal valueof issued sharesheld by:Group CompanyAirport Advertising Limited Ordinary £1 shares 100% – Non tradingAirport Petroleum Limited Ordinary £1 shares 100% – Non tradingBainsdown Limited Ordinary £1 shares 100% – Property holding companyBournemouth Airport Core Property Ordinary £1 shares 100% – Non tradingInvestments LimitedBournemouth Airport Property Ordinary £1 shares 100% – Investment property holding companyInvestments (Industrial) LimitedBournemouth Airport Property Ordinary £1 shares 100% – Investment property holding companyInvestments (Offices) LimitedBournemouth International Ordinary £1 shares 100% – Airport operatorAirport LimitedEast Midlands Airport Core Property Ordinary £1 shares 100% – Non tradingInvestments LimitedEast Midlands Airport Nottingham Ordinary £1 shares 100% 100% Intermediate holding company ofDerby Leicester LimitedEast Midlands International AirportLimited and BournemouthInternational Airport LimitedEast Midlands Airport Property Ordinary £1 shares 100% – Investment property holding companyInvestments (Hotels) LimitedEast Midlands Airport Property Ordinary £1 shares 100% – Investment property holding companyInvestments (Industrial) LimitedEast Midlands Airport Property Ordinary £1 shares 100% – Investment property holding companyInvestments (Offices) LimitedEast Midlands International Ordinary £1 shares 100% – Airport operatorAirport Limited9% cumulative redeemablepreference shares 100% –Humberside International Ordinary £1 shares 82.71% – Airport operatorAirport Limited Deferred ordinary £1 shares 82.71% –12% non-voting redeemablepreference shares 100% –Manchester Airport Aviation Ordinary £1 shares 100% 100% Intermediate holding company forServices LimitedRingway Handling Services Limitedand Ringway Handling LimitedManchester Airport Group Property Ordinary £1 shares 100% 100% Propery development companyDevelopments LimitedManchester Airport Group Property Ordinary £1 shares 100% 100% Property management companyServices LimitedManchester Airport PLC Ordinary £1 shares 100% 100% Airport operatorManchester Airport Property Ordinary £1 shares 100% – Investment property holding companyInvestments (Hotels) LimitedManchester Airport Property Ordinary £1 shares 100% – Investment property holding companyInvestments (Industrial) LimitedManchester Airport Property Ordinary £1 shares 100% – Investment property holding companyInvestments (Offices) LimitedManchester Airport Ordinary £1 shares 100% 100% Intermediate holding company forVentures LimitedAirport Advertising Limited andAirport Petroleum LimitedRingway Developments PLC Ordinary £1 shares 100% – Property holding companyRingway Handling Limited Ordinary £1 shares 100% – Non tradingRingway Handling Services Limited Ordinary £1 shares 100% – Non tradingWorknorth Limited 7% cumulative redeemable Non tradingpreference shares 100% –Ordinary £1 shares 100% –Worknorth II Limited 7% cumulative redeemable Intermediate holding company ofpreference shares 100% – Worknorth LimitedOrdinary £1 shares 100% –All the above companies operate in their country of incorporation or registration, which is England and Wales.The directors consider that to give full particulars of all subsidiary undertakings would lead to a statement of excessive length.A full list of subsidiary undertakings as at 31 March 2011 will be appended to the Company’s next annual return.The Manchester Airport Group PLC Annual Report and Accounts 2010-11