APA
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Leading Australian energy infrastructure business, APA Group (ASX: APA), today announced an estimated final distribution of 29.5 cents per security for the six months ending 30 June 2024.

Based on this estimate, together with the interim distribution of 26.5 cents per security paid in March 2024, total distributions for the 2024 financial year will be 56.0 cents per security. This is in line with guidance reconfirmed at the interim 2024 result and is a 1.0 cent per security or a 1.8% increase over the previous year.

The actual amount of the final distribution and its tax deferred status will be confirmed following finalisation of the 2024 financial results, which are due for release on 28 August 2024. APA will confirm allocable franking credits when finalising the final distribution with the release of its 2024 financial results.

The key dates for the distribution are:

  • Securities trade ex-distribution 27 June 2024
  • Record Date 28 June 2024
  • Payment Date 18 September 2024

Payment of Distribution

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 on 1800 992 312, emailing apagroup@linkmarketservices.com.au, or on-line at www.linkmarketservices.com.au.

Distribution Reinvestment Plan (DRP)

The Distribution Reinvestment Plan will operate for this final distribution for the half year ending 30 June 2024 at a discount of 1.5%. Securityholders wishing to participate, or to change their participation, need to provide DRP election instructions to APA’s registry, Link Market Services before the last election date of 1 July 2024.

The 1.5% discount reflects APA’s confidence in its growth strategy, with the DRP giving securityholders another convenient method of reinvesting all or part of their distributions to obtain additional securities in APA without incurring costs of purchasing on market.