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APA GROUP — Capital/Financing Update 2008
Dec 21, 2008
64398_rns_2008-12-21_88742c5b-93ed-4805-8023-bfbd96d38d68.pdf
Capital/Financing Update
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22 December 2008
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ASX RELEASE
The Manager
Company Announcements Office Australian Securities Exchange 4[th] Floor, 20 Bridge Street Sydney NSW 2000
Electronic Lodgement
Dear Sir or Madam
Company Announcement
I attach the following announcement for release to the market:
- APA Group to participate in Envestra capital raising
Yours sincerely
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Mark Knapman
Company Secretary
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ASX RELEASE
22 December 2008
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APA GROUP TO PARTICIPATE IN ENVESTRA CAPITAL RAISING
Envestra Limited announced today a non-renounceable rights issue, which APA Group (APA) will partly underwrite.
APA currently holds a 19.1% interest in Envestra and intends to take up its entitlement under the issue at a value of $21.2 million. APA has also agreed to partly underwrite the Envestra capital raising up to a maximum that will increase APA’s security holding to 35%. In addition to its entitlement, APA’s maximum underwriting commitment is $62.0 million.
For further information please contact:
Chris Kotsaris, Investor Relations APA Group Telephone: (02) 9693 0049 or Mob: 0402 060 508 Email: [email protected]
About APA Group (APA)
APA Group, comprised of Australian Pipeline Trust and APT Investment Trust, is the major ASX-listed energy transmission company in Australia with interests in almost 12,000 km of natural gas pipeline infrastructure, over 2,300 km of gas distribution networks in south east Queensland.
APA manages and operates all its assets and also provides management and operation services to gas distribution and transmission company Envestra and other third parties.
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