27 August 2012
The Manager
Company Announcements Office
Australian Securities Exchange
4th Floor, 20 Bridge Street
Sydney NSW 2000
Dear Sir/Madam
APT Pipelines Limited - Takeover bid for Hastings Diversified Utilities Fund ("Offer") - Notice of variation increasing offer consideration
In accordance with section 650D of the Corporations Act,
please find attached a notice of variation which increases
the offer consideration.
This document relates to APT Pipelines Limited's bidder's
statement dated 15 December 2011 (as supplemented) for all
the stapled securities in Hastings Diversified Utilities Fund
(each stapled security comprising one unit in each of HDUF
Epic Trust (ARSN 109 770 961), HDUF Finance Trust (ARSN 109
770 765), and HDUF Further Investments Trust (ARSN 109 897
921)).
A copy of the notice of variation has been lodged with ASIC
and will be given to Hastings Diversified
Utilities Fund. The notice of variation will also be sent to
each of the HDUF Securityholders. Yours faithfully
Australian Securities and Investments Commission ("ASIC") ASX
Limited ("ASX")
Each person to whom an Offer was made
The Bidder gives notice under section 650D of the
Corporations Act that its Offer for all of the HDUF Stapled
Securities contained in its bidder's statement dated 15
December 2011 (as supplemented) ("Bidder's Statement") is
varied as follows:
(a) by increasing the Offer Consideration under the Offer to
$0.72 cash and 0.390 APA Stapled Securities for each HDUF
Stapled Security; and
(b) the increased Offer Consideration will be reduced by all
future HDUF distributions declared, paid or made after 8
August 2012 but not reduced for any HDUF distributions
previously paid since the Offer was announced on 14 December
2011.
All references in the Bidder's Statement and Acceptance Form
when referring to the Offer Consideration are replaced with
references to $0.72 cash and 0.390 APA Stapled Securities for
each HDUF Stapled Security.
HDUF Securityholders who have accepted the Offer do not need
to do anything in order to receive the increased Offer
Consideration (when that consideration becomes payable). HDUF
Securityholders who have withdrawn their acceptance for the
APA Offer will need to complete and lodge a further
Acceptance Form in order to accept the Offer and obtain the
increased Offer Consideration (when that consideration
becomes payable).
The Offer was previously varied by notices under section
650D(1) of the Corporations Act dated
19 March 2012, 19 April 2012, 15 May 2012, 20 July 2012 and
27 August 2012.
All HDUF Securityholders will receive a notice informing them
of the varied Offer. Unless the context requires otherwise,
defined terms in the Bidder's Statement have the same meaning
in this notice.
A copy of this notice was lodged with ASIC on 27 August 2012.
ASIC takes no responsibility for the contents of this
notice.
This notice is dated 27 August 2012.
Director Director
distributed by
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