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APA GROUP — Capital/Financing Update 2009
Sep 10, 2009
64398_rns_2009-09-10_5834757d-c388-4e51-bd10-df66dbcbc13a.pdf
Capital/Financing Update
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ASX RELEASE
11 September 2009
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:
- Distribution Reinvestment Plan (DRP) summary
Yours sincerely
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Mark Knapman Company Secretary
11 September 2009
ASX RELEASE
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DISTRIBUTION REINVESTMENT PLAN (DRP) SUMMARY
The DRP issue price with respect to the final distribution for the period ended 30 June 2009 is $2.87.
The DRP issue price is the average of the daily volume weighted average market price of APA Group securities traded on the ASX over the period of 10 trading days ending on the fifth trading day prior to the date scheduled for payment of the relevant distribution (15 September 2009).
The DRP will operate for this distribution at a discount of 2.5%.
The new securities issued under the DRP will rank equally with existing securities. The DRP securities will be issued on the distribution payment date of 15 September 2009.
Details of the DRP participation rate and DRP issue price are provided below.
| Distribution per stapled security | 16.0 cents |
|---|---|
| Total distribution before DRP participation | $79,786,175.36 |
| DRP participation rate | 36.59% |
| DRP issue price | $2.87 |
| Distribution to be paid in cash | $50,646,580.29 |
| Stapled securities issued under the DRP | 10,153,368 |
| Equity created | $29,139,600.39 |
| Distribution payment date | 15 September 2009 |
| Total stapled securities on issue subsequent to | 508,816,964 |
| the DRP |
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ASX RELEASE
11 September 2009
For further information please contact:
Investor enquiries: Media enquiries: Chris Kotsaris Matthew Horan Investor Relations APA Group Cato Counsel Telephone: (02) 9693 0049 Telephone: (02) 9212 4666 Mob: 0402 060 508 Mob: 0403 934 958 Email: [email protected] Email: [email protected]
About APA Group (APA)
APA Group (ASX: APA) is Australia’s largest natural gas infrastructure business, owning and/or operating more than $8 billion of gas transmission and distribution assets. Its pipelines span every state and territory in mainland Australia, delivering more than 50% of the nation’s gas usage. Unique among its peers, APA has direct management and operational control over its assets and investments. APA also holds minority interests in energy infrastructure enterprises including Envestra, SEA Gas Pipeline and Energy Infrastructure Investments (EII). For more information visit APA’s website www.apa.com.au.