APA Group (APA) today announced its estimated final distribution of 18 cents per stapled security for the six months ending 30 June 2012.
Based on this estimate, together with the interim distribution of 17 cents paid in March 2012, total distributions for the 2012 financial year will be 35 cents per security. That represents an increase of 1.7 per cent over the previous year’s distributions, consistent with APA’s guidance for this year’s total distributions of at least 34.4 cents.
The actual amount of the final distribution, and its tax deferred status, will be determined following finalisation of the 2012 financial results, which are due for release on 22 August 2012.
The key dates for the final distribution are:
|Securities trade ex distribution || 25 June 2012|
|Record Date|| 29 June 2012|
|Payment Date|| 14 September 2012|
The Distribution Reinvestment Plan (DRP) will operate for this distribution at a discount of 2.5%. The DRP issue price for this distribution will be based on the volume weighted average price of APA’s securities traded on the ASX for the ten trading days ending on 7 September 2012, less the discount.
Securityholders may elect to participate in the DRP, or vary their participation, by notice in writing to APA’s registry Link Market Services Limited. Forms can be downloaded from APA’s website www.apa.com.au or requested by contacting APA’s registry on 1800 992 312, and must be received by the Record Date (29 June 2012) to apply to this distribution.