APN News & Media (APN) will go ex dividend on 30/8/2012. The current dividend payment is 1.5 cents and it is 33% franked. The record date is 5/9/2012 and the dividend will be paid on 26/9/2012. Based on the full year payment the dividend yield is 16.9%.
*Current Yield: 3.9% Franking: 33% DRP Discount: 2.5%
*Yield has been calculated on the closing price on the 24/8/2012. Current yield is based on the current dividend payment only.
APN Property Group (APN) is pleased to announce GPT Wholesale Office Fund (GWOF) has acquired 150 Collins Street, Melbourne’s next landmark office development. GWOF will fund the completion of the project on a cost to complete basis. APN and Grocon will continue to deliver the project as joint project developers. Grocon will carry out the construction of the project. Located between two heritage landmarks; Scots Church and The Assembly Hall, 150 Collins Street represents a new generation of building, blending the old and the new. The building will be anchored by Westpac under a 12 year lease agreement. Westpac will lease nine levels of office space, equating to more than 70 per cent of Net Lettable Area (NLA). Approximately 5,000 sqm of office space and 700 sqm of retail remain available. The building is expected to have an end value of approximately $180 million.
APN Property Group’s Managing Director, Mr David Blight said “We are delighted to announce this outcome. Since 1998 APN had a vision to create a unique landmark development. Over the years we’ve worked with the Scots Church Trust and more recently with Grocon as our development partner as well as extensively consulted with the community. We are excited to deliver this project which will integrate with the historical site and create a vibrant new public precinct. The GWOF transaction is the culmination of several years’ work from the APN team and the tremendous support of our institutional investors via one of APN’s Development funds.”
APN Property Group (APD) is a specialist real estate investment manager. Since 1996, APN has been actively investing in, developing and managing real estate and real estate securities on behalf of institutions, superannuation funds, high net worth and individual investors. As a boutique asset manager, the Group’s focus is on delivering superior investment performance and outstanding service. Performance is underpinned by a highly disciplined investment approach and a deep understanding of commercial real estate.
APN News & Media Limited (APN) announced it has acquired a majority stake in one of Australia’s leading eCommerce businesses. brandsExclusive, an online shopping club which partners directly with premium brands to offer exclusive sales to members with heavy discounts off recommended retail prices. Under the terms of the transaction APN has taken an 82% equity stake for an up-front investment of $36m. An additional payment of up to $30m is contingent on achieving earnings targets for 2013.
APN Chief Executive, Brett Chenoweth said “This investment is a significant move towards repositioning APN for growth and will substantially ramp up our digital revenue and earnings trajectory. We believe there is tremendous value to be unlocked in the global shift towards eCommerce which will be a core part of the digital media landscape in the future. I expect this will be one of the largest digital deals in Australia this year, emphasizing the importance which we place on having the right digital assets.”
APN Chief Development Officer, Matt Crockett said “The acquisition of brandsExclusive reflects our strategy of connecting existing media assets with high growth digital transaction businesses brandsExclusive is one of the best eCommerce assets in Australasia and we are delighted to bring it into our growing digital portfolio. “Like Grabone, our very successful group buying business, brandsExclusive enables commercial transactions between advertisers and an online member-based audience. Importantly for APN, we are forging a partnership with two of Australia’s best eCommerce entrepreneurs, Daniel Jarosch and Rolf Weber, who will retain a substantial equity holding in the business.” brandsExclusive Co-Managing Director, Daniel Jarosch said “brandsExclusive is about to enter our next significant stage of growth. We believe we have found a fantastic partner in APN – a local partner who shares our bold vision and with whom we can work with collaboratively to help shape the future of eCommerce in Australia.”
APN News & Media Limited (APN) announced that Adshel, the company’s joint venture with Clear Channel, has been successful in its tender for one of Australia’s largest outdoor contracts, Yarra Trams. As part of the contract win Adshel will become the sole provider of tram shelter advertising and related cleaning and maintenance services, gaining exclusive rights from 1 September 2011 to the lease of all 907 advertising supported tram shelters, consisting of 1463 advertising panels, until 2017. Melbourne trams are the largest tram network in the world, with more than 180 million passenger trips a year and rapid patronage growth.
APN Chief Executive Officer Brett Chenoweth said: “This is a significant and long-term outdoor contract which further underpins the business momentum we have across APN’s Outdoor portfolio.”
Formed in 1997 as a 50/50 joint venture between APN News & Media Limited and Clear Channel, Adshel is one of the most recognised names in the outdoor media market. Adshel has the largest street furniture coverage in the country with over 14,700 fully illuminated advertising panels in Australia across roadside, rail and retail and reaches 90% of Australians on average 85 times a fortnight. Engagement products such as Adshel Mobile, Adshel Activate, Adshel Digital and Adshel Create deliver impact and interactivity beyond static outdoor. Adshel Mobile is the largest outdoor mobile network with over 200 linked Bluetooth sites. APN News & Media Limited is one of Australasia’s most dynamic and broadly based media companies operating in newspapers, radio broadcasting and outdoor advertising. Clear Channel Outdoor is the world’s largest outdoor advertising company with close to one million displays in 49 countries across 5 continents.
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Apn Property Group (APD) will go ex dividend on 21/3/2011. The current dividend payment is 1.25 cents and it is 100% franked. The record date is 25/3/2011 and the dividend will be paid on 12/4/2011. Based on the full year payment the dividend yield is 5.4%.
*Current Yield: 5.4% Franking: 100% DRP Discount: 2.5%
*Yield has been calculated on the closing price on the 14/3/2011. Current yield is based on the current dividend payment only.
APN News & Media (APN) will go ex dividend on 4/3/2011. The current dividend payment is 7 cents and it is 29% franked. The record date is 10/3/2011 and the dividend will be paid on 31/3/2011. Based on the full year payment the dividend yield is 5.1%.
*Current Yield: 4.0% Franking: 29% DRP Discount: 2.5%
*Yield has been calculated on the closing price on the 27/2/2011. Current yield is based on the current dividend payment only.
APN News & Media Limited (APN) announces an agreement has been reached with PMP Limited (PMP) whereby PMP will become the exclusive provider of gloss printing services to APN under a long term (10 year) contract in New Zealand. As noted in APN’s 2009 full year results, New Zealand gloss printing operations are no longer core to the company’s strategy and have been treated as a discontinued business for accounting purposes. After full consideration of other options, it has been decided to close APN’s Manukau plant and, unfortunately for staff, outsource gloss printing requirements. This new arrangement provides APN with a long term cost efficient solution to its gloss printing needs in New Zealand.
APN Chief Executive Officer, Mr Brendan Hopkins said: “We welcome the opportunity to form a long term relationship with PMP. This arrangement allows APN to focus on delivering high quality multimedia products to its customers in the most efficient manner with a proven supplier.” PMP CEO, Richard Allely, said the arrangement was a vote of confidence in the capabilities of the PMP New Zealand team. “We are delighted to be considered the best option for this large contract and look forward to a long term relationship with APN.”
APN News & Media Limited (APN) is the largest media company in New Zealand, where it owns The New Zealand Herald, the country’s largest newspaper. APN is the largest radio and outdoor advertising operator in Australasia as well as one of Australia’s leading regional publishers. In Asia, the Company has market leading Outdoor positions in Hong Kong and Indonesia.
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APN News & Media (APN) will go ex dividend on 1/9/2010. The current dividend payment is 5 cents and it is 0% franked. The record date is 7/9/2010 and the dividend will be paid on 28/9/2010. Based on the full year payment the dividend yield is 4.7%.
*Current Yield: 2.6% Franking: 0% DRP Discount: 2.5%
*Yield has been calculated on the closing price on the 19/8/2010. Current yield is based on the current dividend payment only.
APN Property Group (APD) will go ex dividend on 19/3/2010. The current dividend payment is 1.25 cents and it is 100% franked. The record date is 25/3/2010 and the dividend will be paid on 12/4/2010. Based on the full year payment the dividend yield is 4.4%.
*Current Yield: 4.4% Franking: 100% DRP Discount: Not Available
*Yield has been calculated on the closing price on the 5/3/2010. Current yield is based on the current dividend payment only.
