- Release Date: 01/10/13 11:46
- Summary: SSH: TWR: SSH - (Guinness Peat Group plc and Ithaca (Custodians) Ltd)
- Price Sensitive: No
- Download Document 3.09KB
TWR 01/10/2013 08:46 SSH REL: 0846 HRS Tower Limited SSH: TWR: SSH - (Guinness Peat Group plc and Ithaca (Custodians) Ltd) Disclosure of ceasing to have substantial holding Section 25, Securities Markets Act 1988 To: NZX Limited And: Tower Limited Date this disclosure made: 1 October 2013 Date last disclosure made: 30 September 2013 Substantial security holder(s) giving disclosure Name(s): Guinness Peat Group plc Ithaca (Custodians) Limited Contact details: C/ Guinness Peat Group plc Robert Campbell [email protected] +64 21 020 19192 Date on which substantial security holder(s) ceased to have substantial holding: 30 September 2013 Summary of previous substantial holding to which disclosure relates Class of listed voting securities: Ordinary shares Summary for: Guinness Peat Group plc and Ithaca (Custodians) Limited For last disclosure,-- (a) total number held in class: 28,383,249 (b) total in class: 207,193,438 (c) total percentage held in class: 13.699% For current holding after ceasing to have substantial holding: (a) total number held in class: 0 (b) total in class: 207,193,438 (c) total percentage held in class: 0.000% Details of transactions and events giving rise to person ceasing to have substantial holding Details of the transactions or other events requiring disclosure under the instructions to this form: Guinness Peat Group plc (GPG) entered into an agreement with First NZ Capital Securities Limited (First NZ), dated 29 September 2013 (Agreement). On the date of the Agreement, GPG held, through its custodian (Ithaca (Custodians) Limited), 69,614,743 ordinary shares in Tower Limited. As disclosed in GPG's substantial security holders notice, dated 30 September 2013, under the Agreement GPG, through its custodian (Ithaca (Custodians) Limited), sold 41,231,494 ordinary shares to First NZ on 30 September 2013 (with settlement to follow on a T+3 basis). The total consideration received in respect of these shares is NZ$70,093,539.80 (being NZ$1.70 per share). GPG has sold, through its agent (First NZ), the remaining 28,383,249 ordinary shares to third party purchasers effective 30 September 2013 (with settlement to follow on a T+3 basis). The consideration received by GPG in respect of these shares is NZ$48,251,523.30 (being NZ$1.70 per share). Additional information Nature of connection between substantial security holders: Ithaca (Custodians) Limited held the shares, the subject of this substantial security holder notice, in Tower Limited as custodian for Guinness Peat Group plc. Address(es) of substantial security holder(s): 1st Floor, Times Place 45 Pall Mall London United Kingdom 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: First NZ Capital Securities Limited Declaration I, Dale Tully, 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:00241813 For:TWR Type:SSH Time:2013-10-01 08:46:12
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