LPC
24/10/2014 15:06
SSH
REL: 1506 HRS Lyttelton Port Company Limited (NS)
SSH: LPC: SSH Notice - Christchurch City Holdings Limited
Disclosure of movement of 1% or more in substantial holding or change in
nature of relevant interest or both
Sections 23 and 24, Securities Markets Act 1988
Relevant event being disclosed: Movement of 1% or more in substantial holding
Date of relevant event: 24 October 2014
To: NZX Limited
And: Lyttelton Port Company Limited (LPC)
Date this disclosure made: 24 October 2014
Date last disclosure made: 30 September 2014
Substantial security holder(s) giving disclosure
Name(s): Christchurch City Holdings Limited (CCHL)
Contact details: Robert Lineham, Tel: 03 941 8475, Email:
[email protected]
Summary of substantial holding to which disclosure relates
Class of listed voting securities: Ordinary shares in LPC (Ordinary Shares)
Summary for CCHL
For this disclosure, -
(a) total number held in class: 102,261,279
(b) total in class: 102,261,279
(c) total percentage held in class: 100%
For last disclosure, -
(a) total number held in class: 101,189,505
(b) total in class: 102,261,279
(c) total percentage held in class: 98.952%
Details of transactions and events giving rise to relevant event
On 25 August 2014, CCHL made a full cash offer under the Takeovers Code to
acquire all of the Ordinary Shares that it did not already own (the Offer).
The offer price under the Offer was $3.95 per Ordinary Share. A copy of the
offer document dated 25 August 2014 in respect of the Offer, which sets out
the conditions of the Offer, was sent to NZX on 25 August 2014.
On 19 September 2014, CCHL declared the Offer unconditional.
On 29 September 2014, CCHL issued a compulsory acquisition notice under Part
7 of the Takeovers Code. Acceptances in relation to the offer under that
notice were required to be received by CCHL by 20 October 2014.
Between 1 October 2014 and 24 October 2014 (inclusive), CCHL has acquired the
remaining 1,071,774 ordinary shares in CCHL for an aggregate price of
$4,233,507.30 (reflecting the Offer price of $3.95 per share) in accordance
with either the terms of the compulsory acquisition notice or, where no
acceptance was received, with Rule 61 of the Takeovers Code.
Details of relevant interests currently in substantial holding after relevant
event
Details for CCHL
Nature of relevant interest(s): Registered holder and beneficial owner of
securities.
For that relevant interest,--
(a) number held in class: 102,261,279
(b) percentage held in class: 100%
(c) current registered holder(s) of securities: CCHL
(d) registered holder(s) of securities once transfers registered: N/A
Additional information
Nature of connection between substantial security holders: N/A
Address(es) of substantial security holder(s): Christchurch City Holdings
Limited, Floor 2, Equitable House, 77 Hereford Street, Christchurch 8011
Name of any other person believed to have given, or believed to be required
to give, a disclosure under the Act in relation to the securities to which
this disclosure relates: N/A
Declaration
I, Robert Lineham, declare that, to the best of my knowledge and belief, the
information contained in this disclosure is correct and that I am duly
authorised to make this disclosure by all persons for whom it is made.
End CA:00256827 For:LPC Type:SSH Time:2014-10-24 15:06:20
