Estimated Interim Distribution for the six months ending 31 December 2009
APA Group (APA) today announced its estimated interim distribution of 15.75 cents per stapled security for the six months ending 31 December 209. The 5% increase in this distribution over the previous corresponding period reflects the guidance given at the 2009 full year results
The actual amount of the interim distribution, and its tax deferred status, will be determined following finalisation of the half year results, which are due for release on 24 February 2010.
Timing of the record date and interim distribution announcement has been set to correspond with the full year results timetable
The key dates for the interim distribution are:
| Securities trade "ex distribution" | 23 December 2009 |
Record Date | 31 December 2009 |
Payment Date | 17 March 2010 |
The Distribution Reinvestment Plan (DRP) will operate for this interim distribution at a discount of 2.5%, and the DRP issue price will be based on the volume weighted average price of APA’s securities traded on the ASX for the ten tading days ending on 10 March 2010, less the discount.
Securityholders may elect to participate in the DRP or vary their participation by notice in writing to APA’s registry Link Maret Services Limited. Forms can be downloaded from APA’s website www.apa.com.au or requested on 1800 992 312, and must be received by the Record Date (31 December 2009) to apply to this distribution.