News: APD APN Property Group Updates On Stapling proposal and distribution guidance

Sept 24 (Reuters) - APN Property Group Ltd (APD) :

• RECEIVED A DRAFT CLASS RULING FROM AUSTRALIAN TAXATION OFFICE IN RELATION TO ITS STAPLING PROPOSAL
• EXPECTS ABOUT 60% OF FY2020 STAPLED SECURITY DISTRIBUTION TO COMPRISE A DIVIDEND WHICH WILL LIKELY BE FULLY FRANKED.
• IN THE EVENT STAPLING PROPOSAL IS APPROVED, CO TO INCREASE GROUP'S FY2020 GUIDANCE TO DIVIDEND OF 3.15 CENTS PER STAPLED SECURITY