The DRP issue price with respect to the final distribution for the six months ended 30 June 2011 is $3.88.
The DRP issue price is the average of the daily volume weighted average market price of APA Group securities traded on the ASX over the period of 10 trading days ending on 8 September 2011, less the discount of 2.5%.
The new securities issued under the DRP will rank equally with existing securities. The DRP securities will be issued on the distribution payment date of 15 September 2011.
Details of the DRP participation rate and DRP issue price are provided below.
Distribution per stapled security | 17.9 cents |
Total distribution before DRP participation | $99,558,717.23 |
DRP participation rate | 20.40% |
DRP issue price | $3.88 |
Distribution to be paid in cash | $79,311,298.27 |
Stapled securities issued under the DRP | 5,218,596 |
Equity created | $20,247,415.80 |
Distribution payment date | 15 September 2011 |
Total stapled securities on issue subsequent to the DRP | 561,412,547 |