Brief: APA Recommends CKI Consortium Offer

Power Assets Holdings

13/08/2018 24:36

Aug 13 (Reuters) - APA Group  APA.AX :
    * APA AND CKI CONSORTIUM ENTER INTO IMPLEMENTATION AGREEMENT
    * IF SCHEMES ARE IMPLEMENTED, APA SECURITYHOLDERS WILL
RECEIVE
A$11.00 CASH PER APA STAPLED SECURITY
    * TRANSACTION DOES NOT AFFECT APA'S FINAL DISTRIBUTION FOR
2018
FINANCIAL YEAR
    * APA DIRECTORS UNANIMOUSLY RECOMMEND TRANSACTION IN ABSENCE
OF A
SUPERIOR PROPOSAL
    * ENTERS CONDITIONAL IMPLEMENTATION DEAL WITH CK
INFRASTRUCTURE
HOLDINGS, CK ASSET HOLDINGS, POWER ASSETS HOLDINGS, CKM
AUSTRALIA BIDCO PTY
    * IF SCHEMES IMPLEMENTED AFTER 31 DEC 2018, APA HOLDERS TO
GET
ADDITIONAL DISTRIBUTION OF 4 CENTS/ APA STAPLED SECURITY FOR
EACH MONTH IN 2019
    * IF SCHEMES IMPLEMENTED AFTER 31 DEC, APA HOLDERS TO GET
ADDITIONAL DISTRIBUTION OF 4 CENTS/ APA STAPLED SECURITY FOR
EACH MONTH IN 2019

Source text for Eikon:  urn:newsml:reuters.com:*:nASXwkNvN
Further company coverage:  APA.AX 

 ((Reuters.Briefs@thomsonreuters.com;))