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APA GROUP — Capital/Financing Update 2014
Jun 18, 2014
64398_rns_2014-06-18_8e495c49-6131-47d0-b25f-c328f6066446.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
19 June 2014
APA Group (ASX: APA) (also for release to APT Pipelines Limited (ASX: AQH))
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APA estimated final distribution information for the six months ended 30 June 2014 and increase to FY14 EBITDA guidance
APA Group (ASX:APA) today announced its estimated final distribution of 18.75 cents per stapled security for the six months ending 30 June 2014.
Based on this estimate, together with the interim distribution of 17.5 cents paid in March 2014, total distributions for the 2014 financial year will be 36.25 cents per security. This represents an increase of 2.1 per cent over the previous year’s distributions.
The actual amount of the final distribution and its tax deferred status will be determined following finalisation of the 2014 financial results, which are due for release on 20 August 2014.
The key dates for the final distribution are:
Securities trade ex-distribution 26 June 2014 Record Date 30 June 2014 Payment Date 10 September 2014
EBITDA guidance increase
APA also announced today an increase in its EBITDA (earnings before interest, tax, depreciation and amortisation) guidance for the 2014 financial year. APA expects EBITDA to fall within the range of $740 million to $750 million, an increase on the previous guidance of $730 million to $740 million.
Distribution Reinvestment Plan (DRP) suspended
The DRP remains suspended. All APA securityholders will receive their distribution in cash. Distribution payments to securityholders with a registered address in Australia or New Zealand will be paid by direct credit to their nominated bank account. Securityholders are encouraged to check their payment details are up to date and, if a change is required, to promptly advise APA’s registry, Link Market Services, by phoning the registry on 1800 992 312 or on-line at www.linkmarketservices.com.au.
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Mark Knapman Company Secretary
Australian Pipeline Limited
For further information please contact:
Investor enquiries: Media enquiries: Chris Kotsaris David Symons Telephone: (02) 9693 0049 Telephone: (02) 8306 4244 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 $12 billion of energy assets. Its gas transmission pipelines span every state and territory on mainland Australia, delivering approximately half of the nation’s gas usage. 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, Energy Infrastructure Investments and GDI.
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
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