News

APA estimated interim distribution for the six months ending 31 December 2018

APA Group today announced an estimated FY2019 interim distribution of 21.5 cents per security for the six months ending 31 December 2018. This represents a 2.3% increase over the FY2018 interim distribution per security.

APA Managing Director and CEO to Retire in 2019

APA Group Chairman Michael Fraser has today announced that APA’s long serving CEO and Managing Director Mick McCormack has advised the Board of his intention to retire from the role no later than 31 December 2019.

APA Supporting Summer Energy Needs

APA Group announced it has signed a variation to an existing multi-asset gas transportation agreement on APA’s East Coast Grid. The agreement commences in January 2019, replacing an existing agreement that expires on that date, and will generate total revenue in the order of $40 million over the following 3 years.

APA reconfirms FY2019 Guidance Outlook

APA Group (ASX:APA), today reconfirms its FY2019 guidance following termination of the Implementation Agreement with the CKI Consortium. The Implementation Agreement was terminated last night in accordance with its terms, following the Federal Treasurer’s decision to prohibit the CKI Consortium’s proposed acquisition of APA as described in APA’s ASX release of 21 November 2018.

CKI Consortium Schemes - Treasurer prohibits schemes

APA Group (ASX: APA) (APA) last night received notice from the CKI Consortium that the Federal Treasurer had notified it of his decision to prohibit the trust schemes under which the CKI Consortium would acquire all of the stapled securities in APA (Schemes).

APA extends services to gold mines in WA

APA Group, a leading energy infrastructure business, today announced it has executed an agreement to extend and expand services to an existing customer in the Goldfields region, Western Australia.  Under this contract, gas will travel over 1,200km across APA’s West Coast Grid.

CKI Consortium Schemes - FIRB update

APA Group notes the Australian Federal Treasurer advised his preliminary view on the trust schemes under which the CKI Consortium proposes to acquire all of the stapled securities in APA.

APA Reports Financials for Non-Scheme Pipelines

APA Group (ASX: APA) today announced that it will publish the financial reporting information for its non-scheme pipelines under Part 23 of the National Gas Rules, by today’s close of business.

CKI Consortium Shareholder Approvals Obtained

APA Group (ASX: APA) (APA) notes CKM Australia Bidco Pty Ltd (Bidder) has confirmed to APA that the shareholders of CK Asset Holdings Limited (CKA), CK Infrastructure Holdings Limited (CKI) and Power Assets Holdings Limited (PAH) have voted to approve the relevant resolutions put to shareholders of each of those entities relating to the previously announced trust schemes under which Bidder will acquire all of the stapled securities in APA (Schemes).

APA FY2018 Annual Meeting Results