- Release Date: 14/02/13 18:38
- Summary: SSH: NZE: SSH - Rangatira Limited
- Price Sensitive: No
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NZE 14/02/2013 16:38 SSH REL: 1638 HRS New Zealand Experience Limited SSH: NZE: SSH - Rangatira 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: Change in nature of relevant interest Date of relevant event: 14 February 2013 To: NZX and New Zealand Experience Limited Date this disclosure made: 14 February 2013 Date last disclosure Made: 14 February 2013 Substantial security holder giving disclosure Name: Rangatira Limited Contact details: Chris [email protected]?04 471 6142 Summary of substantial holding to which disclosure relates Class of listed voting securities: Ordinary shares Summary for Rangatira Limited For this disclosure: Total number held in class: 33,954,205 Total in class: 37,000,000 Total percentage held in class: 91.768% For last disclosure: Total number held in class: 33,015,307 Total in class: 37,000,000 Total percentage held in class: 89.231% Details of transactions and events giving rise to relevant event Details of the transactions or other events requiring disclosure under the instructions to this form: On 17 December 2012 Rangatira Limited (Rangatira) made a full takeover offer to purchase all of the shares of New Zealand Experience Limited (NZE) for consideration of NZ$0.36 per share, under the Takeovers Code (Offer). A copy of the Offer document dated 17 December 2012, which sets out the terms and conditions of the Offer, was disclosed to NZX on 17 December 2012. On 18 December 2012 Rangatira declared the Offer unconditional. Since the last disclosure, Rangatira received additional acceptances under the Offer from shareholders of NZE, resulting in Rangatira acquiring a relevant interest in a further 938,898 shares in NZE (Additional Acceptances). The relevant consideration was paid by Rangatira by cheque or paid by electronic transfer to those NZE shareholders who had accepted the Offer by 8 February 2013. Details of relevant interests in substantial holding after relevant event Details for Rangatira Limited Nature of relevant interest(s): Rangatira is the legal and beneficial owner of ordinary shares in NZE as a result of acceptances of the Offer received from NZE shareholders in respect of all the ordinary shares in NZE held or controlled by those NZE shareholders. A copy of the Offer document dated 17 December 2012, which sets out the terms and conditions of the Offer, was disclosed to NZX on 17 December 2012. For that relevant interest, - Number held in class: 31,840,574 Percentage held in class: 86.056 Current registered holder(s) of securities: No change since last disclosure Registered holder(s) of securities once transfers registered: Rangatira Limited Nature of relevant interest(s): As a result of acceptances of the Offer received from NZE shareholders received after 8 February 2013, Rangatira has acquired a relevant interest arising by virtue of the fact that Rangatira will, conditional on payment of the relevant consideration in accordance with the Offer, become the legal and beneficial owner of all the ordinary shares of NZE held or controlled by those NZE shareholders. A copy of the Offer document dated 17 December 2012, which sets out the terms and conditions of the Offer, was disclosed to NZX on 17 December 2012. For that relevant interest, - Number held in class: 2,113,631 Percentage held in class: 5.713 Current registered holder(s) of securities: No change since last disclosure Registered holder(s) of securities once transfers registered: Rangatira Limited Additional information Nature of connection between substantial security holders: Not applicable Address(es) of substantial security holder(s): Rangatira Limited?Level 10?70 The Terrace?Wellington 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: None Declaration I, Chris Bradshaw, 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:00232932 For:NZE Type:SSH Time:2013-02-14 16:38:40
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