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APA GROUP — Capital/Financing Update 2008
Dec 7, 2008
64398_rns_2008-12-07_fdfdf59f-8b9f-444e-a13d-96263510dceb.pdf
Capital/Financing Update
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ASX RELEASE
8 December 2008
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:
- Security Purchase Plan Results
Yours sincerely
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Mark Knapman
Company Secretary
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8 December 2008
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ASX RELEASE
SECURITY PURCHASE PLAN (SPP) RESULTS
APA Group (APA) is pleased to announce that following completion of the SPP, APA has today issued 11,704,821 new securities to securityholders, raising $30.3million. APA now has 489,941,242 stapled securities on issue. The issue price under the SPP was $2.5935 per security.
As stated, APA intends to use the capital raised through the SPP to fund ongoing growth opportunities in its gas infrastructure business across Australia.
New securities issued under the SPP will rank equally with existing securities and will qualify for the interim distribution payable for the six months ending 31 December 2008, expected to be paid in March 2009.
As previously advised, in determining the tax cost base for an Australian Pipeline Trust (APT) unit and an APT Investment Trust (APTIT) unit, securityholders should consider allocating 70.8% of the issue price to an APT unit and 29.2% of the issue price to an APTIT unit.
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, Coal Seam Gas processing plants, gas fired power stations, gas storage facilities and two high voltage direct current interconnector systems.
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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