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APA GROUP — Capital/Financing Update 2011
Sep 12, 2011
64398_rns_2011-09-12_cf0e440d-fd82-45af-8c1e-a5a20dc92286.pdf
Capital/Financing Update
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ASX RELEASE
13 September 2011
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
13 September 2011
ASX RELEASE
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DISTRIBUTION REINVESTMENT PLAN (DRP) SUMMARY
The DRP issue price with respect to the final distribution for the six months ended 30 June 2011 is $3.88.
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 8 September 2011, less the 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 2011.
Details of the DRP participation rate and DRP issue price are provided below.
| Distribution per stapled security | 17.9 cents |
|---|---|
| Total distribution before DRP participation | $99,558,717.23 |
| DRP participation rate | 20.40% |
| DRP issue price | $3.88 |
| Distribution to be paid in cash | $79,311,298.27 |
| Stapled securities issued under the DRP | 5,218,596 |
| Equity created | $20,247,415.80 |
| Distribution payment date | 15 September 2011 |
| Total stapled securities on issue subsequent to the | 561,412,547 |
| DRP |
For further information please contact:
Investor enquiries: Chris Kotsaris Investor Relations APA Group Telephone: (02) 9693 0049 Mob: 0402 060 508 Email: [email protected]
About APA Group (APA)
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 and assets span every state and territory on mainland Australia, delivering more than 50% of the nation’s gas usage. Unique amongst its peers, APA has direct management and operational control over its assets and the majority of its investments. APA also holds minority interests in energy infrastructure enterprises including Envestra, SEA Gas Pipeline, Hastings Diversified Utilities Fund and Energy Infrastructure Investments.
For more information visit APA’s website, www.apa.com.au
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