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APA GROUP — Capital/Financing Update 2019
Dec 10, 2019
64398_rns_2019-12-10_666f9c4e-5ab9-4e34-bdc2-92de0456909a.pdf
Capital/Financing Update
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Australian Pipeline Ltd ACN 091 344 704 | Australian Pipeline Trust ARSN 091 678 778 | APT Investment Trust ARSN 115 585 441 Level 25, 580 George Street Sydney NSW 2000 | PO Box R41 Royal Exchange NSW 1225
Phone +61 2 9693 0000 | Fax +61 2 9693 0093 APA Group | apa.com.au
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11 December 2019
ASX ANNOUNCEMENT
APA Group (ASX: APA)
Estimated interim distribution for the six months ending 31 December 2019
APA Group (ASX:APA) today announced an estimated FY2020 interim distribution of 23.0 cents per security for the six months ending 31 December 2019. This represents a 7% increase over the FY2019 interim distribution of 21.5 cents per security.
The actual amount of the interim distribution and its tax deferred status will be confirmed following finalisation of the half year results. APA will also confirm allocable franking credits when finalising the interim distribution with the release of its half year results on 18 February, 2020.
The key dates for the interim distribution are:
Securities trade ex-distribution 30 December 2019 Record Date 31 December 2019 Payment Date 11 March 2020
APA has previously advised that it expects distributions per security for the full year to 30 June 2020 to be in the order of 50.0 cents per security. As per current APA distribution policies, all distributions will be fully covered by operating cash flows.
Distribution Reinvestment Plan (DRP) remains suspended
The DRP remains suspended. All APA securityholders will receive their distributions 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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Nevenka Codevelle Company Secretary Australian Pipeline Limited
For further information, please contact:
Investor enquiries: Media enquiries: Jennifer Blake Louise Watson Group Head of Investor Relations Media Adviser Telephone: +61 2 9693 0097 Telephone: +61 2 8011 0591 Mob: +61 455 071 006 Mob: +61 419 185 674 Email: [email protected] Email: [email protected]
About APA Group (APA)
APA is a leading Australian energy infrastructure business, owning and/or operating in excess of $21 billion of energy infrastructure 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 ownership interests in a number of energy infrastructure enterprises including SEA Gas Pipeline, SEA Gas (Mortlake) Partnership, Energy Infrastructure Investments and GDI Allgas Gas Networks.
APT Pipelines Limited is a wholly owned subsidiary of Australian Pipeline Trust and is the borrowing entity of APA Group.
For more information visit APA’s website, apa.com.au
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