AI assistant
APA GROUP — Capital/Financing Update 2012
Sep 24, 2012
64398_rns_2012-09-24_dec2ae92-3060-4456-a037-523035b8e3a8.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
ASX ANNOUNCEMENT
==> picture [595 x 26] intentionally omitted <==
==> picture [595 x 25] intentionally omitted <==
==> picture [595 x 26] intentionally omitted <==
==> picture [595 x 26] intentionally omitted <==
25 September 2012
APA reduces minimum ownership condition to 50%, waives all other conditions of HDF offer
APA Group (ASX:APA) today announced it will waive all remaining conditions in relation to its offer for Hastings Diversified Utilities Fund (ASX:HDF) except for its minimum ownership condition.
APA also announced today its intention to waive its minimum ownership condition once the total percentage of HDF securities in which APA either has a relevant interest or which are the subject of acceptance instructions[1] is more than 50%.
At 24 September the aggregate of HDF securities accepted into APA’s institutional acceptance facility (IAF), together with APA’s relevant interest, give APA an aggregate interest of 41.02% in HDF securities.[2]
| At 24 September 2012 | Number of HDF stapledsecurities | Percentage of HDF’s existingissued securities |
|---|---|---|
| Relevant interest | 141,892,727 | 26.77% |
| IAF | 75,490,311 | 14.24% |
| Total | 217,383,038 | 41.02% |
APA’s offer will close on 11 October 2012 unless further extended or withdrawn.
==> picture [163 x 38] intentionally omitted <==
Mark Knapman Company Secretary Australian Pipeline Limited
1 Provided that those HDF securities held in the institutional acceptance facility become formal acceptances of the Offer once APA gives the Confirmation Letter.
2 HDF securities which are the subject of the institutional acceptance facility do not constitute formal acceptances of the Offer.
Page 1
For further information please contact:
Investor enquiries: Media enquiries: Chris Kotsaris David Symons Telephone: (02) 9693 0049 Telephone: (02) 9212 4666 Mob: 0402 060 508 Mob: 0410 559 184 Email: [email protected] 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 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.
APT Pipelines Limited is a fully owned subsidiary of Australian Pipeline Trust and is the borrowing entity of APA Group.
For more information visit APA’s website, www.apa.com.au
Page 2