Apa Group · ASX:APA
Apa — Merger or Acquisition (March 2016)
7 slides from Apa's merger presentation, Mar 7, 2016
Slide 1: Takeover Offer for Ethane Pipeline Income Fund (EPX)
For personal use only Takeover Offer for Ethane Pipeline Income Fund (EPX) 7 March 2016
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Australian Pipeline Limited (ACN 091 344 704) the responsible entity of the Australian Pipeline Trust (ARSN 091 678 778) and APT Investment Trust (ARSN 115 585 441) (APA Group). For personal use only Summary information: This presentation contains su
Slide 3: Agenda
Agenda Overview of APA’s Takeover Offer For personal use only Strategic rationale for the acquisition EPX Securityholder benefits March 2016, EPX Offer Presentation 3
Slide 4: Takeover Offer summary
Takeover Offer summary Recommended Takeover Offer for Ethane Pipeline Income Fund (EPX) For personal use only Unanimous recommendation by the EPX independent directors, subject to no superior offer and Transaction an Independent Expert opinion that the Offer is fair and reasonable APA currentl
Slide 5: Strategic rationale for the Takeover Offer
Strategic rationale for the Takeover Offer APA’s core business is the ownership and Moomba Sydney Pipeline & Ethane Pipeline side-by-side For personal use only operation of transmission pipeline assets The Ethane Pipeline acquisition offers APA the opportunity to increase its equity position in
Slide 6: Benefits for EPX Securityholders
Benefits for EPX Securityholders Offer Price of $1.88 per EPX Security PLUS retain 3.25 cents per security of declared distribution for the March 2016 quarter if eligible on the distribution record date For personal use only Comparison to current trading prices: Offer Price PLUS Premium to: decl
Slide 7: For further information contact
For personal use only For further information contact Yoko Kosugi Delivering Australia’s energy Investor Relations, APA Group Tel: +61 2 9693 0049 E-mail: yoko.kosugi@apa.com.au or visit APA’s website www.apa.com.au