- Release Date: 30/11/12 16:34
- Summary: SSH: XRO: SSH - Peter Andreas Thiel
- Price Sensitive: No
- Download Document 3.47KB
XRO 30/11/2012 14:34 SSH REL: 1434 HRS Xero Limited SSH: XRO: SSH - Peter Andreas Thiel Disclosure of beginning to have substantial holding Section 22, Securities Markets Act 1988 To: NZX Limited And: Xero Limited (XRO) Date this disclosure made: 30 November 2012 Substantial security holder(s) giving disclosure Name(s): Peter Andreas Thiel Contact details: C/- Bell Gully? Level 22, Vero Centre? 48 Shortland Street? Auckland Contact name for queries: Anna Buchly Telephone number: +64 9 916 8649 Email: [email protected] Summary of substantial holding to which disclosure relates Class of listed voting securities: Fully paid ordinary shares in XRO Summary for Peter Andreas Thiel For this disclosure,-- (a) total number held in class: 8,197,938 (b) total in class: 117,188,024 (c) total percentage held in class: 7.00% Details of relevant interests currently in substantial holding Details for Peter Andreas Thiel Nature of relevant interest(s): Controls VV Xero Holdings LLC, which is a party to a subscription agreement with XRO dated 30 November 2012 under which XRO has issued, and VV Xero Holdings LLC has subscribed for, 4,062,068 ordinary shares in XRO, attached as document A, 25 pages (the "Subscription Agreement"). For that relevant interest, (a) number held in class: 4,062,068 (b) percentage held in class: 3.47% (c) current registered holder(s) of securities: Not applicable (d) registered holders of securities once transfers registered: VV Xero Holdings LLC Nature of relevant interest(s): Controls Valar Ventures Management LLC, which provides advisory and management services to Valar Ventures LP. Chairman of the investment committee of Valar Ventures GP LLC, the general partner of Valar Ventures LP, having the power to acquire or dispose of, or to control the acquisition or disposition of, Valar Ventures LP's investments. Limited partner of Valar Ventures LP, having the power to exercise, or control the exercise of, more than 20% of the voting rights in Valar Ventures LP. For that relevant interest, (a) number held in class: 4,135,870 (b) percentage held in class: 3.53% (c) current registered holder(s) of securities: Valar Ventures LP (d) registered holders of securities once transfers registered: Not applicable Details of transaction and events giving rise to person beginning to have substantial holding On 30 November 2012, VV Xero Holdings LLC entered into Subscription Agreement with XRO under which, subject to certain conditions, XRO agreed to issue, and VV Xero Holdings LLC agreed to subscribe for, a total of 4,062,068 ordinary shares in XRO for consideration of $24,372,408 in cash. On 30 November 2012, XRO issued 4,062,068 shares to VV Xero Holdings LLC in accordance with the Subscription Agreement. VV Xero Holdings LLC is controlled by Peter Andreas Thiel. Additional information Nature of connection between substantial security holders: Not applicable Address(es) of substantial security holder(s): C/- Bell Gully, Level 22, Vero Centre, 48 Shortland Street, Auckland, New Zealand 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: Not applicable Declaration I, Peter Andreas Thiel, 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:00230511 For:XRO Type:SSH Time:2012-11-30 14:34:24
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