- Release Date: 18/10/13 10:42
- Summary: SSH: XRO: SSH - Peter Andreas Thiel
- Price Sensitive: No
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XRO 18/10/2013 08:42 SSH REL: 0842 HRS Xero Limited SSH: XRO: SSH - Peter Andreas Thiel 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: 13 October 2013 To: NZX Limited And: Xero Limited ("XRO") Date this disclosure made: 18 October 2013 Date last disclosure made: 14 October 2013 Substantial security holder(s) giving disclosure Name(s): Peter Andreas Thiel Contact details: c/- Bell Gully, Level 22, Vero Centre, 48 Shortland Street, Auckland 1010 Contact name for queries: Glenn Joblin / Alexander Bond Telephone number: +64 9 916 8955 / +64 9 916 8796 Email: [email protected] / [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: 8,528,516 (b) total in class: 127,523,561 (c) total percentage held in class: 6.69% For last disclosure,-- (a) total number held in class: 8,528,516 (b) total in class: 127,523,558 (c) total percentage held in class: 6.69% Details of relevant interests in substantial holding after relevant event Details for Peter Andreas Thiel Nature of relevant interest(s): Beneficial owner of limited partner interest in Valar Global Principals Fund I LP, having the power to exercise, or control the exercise of, more than 20% of the limited partner voting rights in Valar Global Principals Fund I LP. Valar Global Fund I LP acts in concert with Valar Global Principals Fund I LP. Valar Global Fund I LP is a party to a subscription agreement with XRO dated 13 October 2013 under which XRO agreed to issue, and Valar Global Fund I LP agreed to subscribe for, 38,744 ordinary shares in XRO (attached as document A to a previous event disclosure by Peter Andreas Thiel dated 14 October 2013). For that relevant interest,-- (a) number held in class: 38,744 (b) percentage held in class: 0.03% (c) current registered holder(s) of securities: Valar Global Fund I LP (d) registered holder(s) of securities once transfers registered: Not applicable Nature of relevant interest(s): Beneficial owner of limited partner interest in Valar Global Principals Fund I LP, having the power to exercise, or control the exercise of, more than 20% of the limited partner voting rights in Valar Global Principals Fund I LP. Valar Global Principals Fund I LP is a party to a subscription agreement with XRO dated 13 October 2013 under which XRO agreed to issue, and Valar Global Principals Fund I LP agreed to subscribe for, 291,834 ordinary shares in XRO (attached as document B to a previous event disclosure by Peter Andreas Thiel dated 14 October 2013). For that relevant interest,-- (a) number held in class: 291,834 (b) percentage held in class: 0.23% (c) current registered holder(s) of securities: Valar Global Principals Fund I LP (d) registered holder(s) of securities once transfers registered: Not applicable Nature of relevant interest(s): Sole beneficial owner of VV Xero Holdings LLC. For that relevant interest,-- (a) number held in class: 4,062,068 (b) percentage held in class: 3.19% (c) current registered holder(s) of securities: VV Xero Holdings LLC (d) registered holder(s) of securities once transfers registered: Not applicable Nature of relevant interest(s): Through Valar Ventures Management LLC and Valar Ventures GP LLC, the investment manager and general partner respectively of Valar Ventures LP, has the power to acquire or dispose of, or to control the acquisition or disposition of, Valar Ventures LP's investments. For that relevant interest, (a) number held in class: 4,135,870 (b) percentage held in class: 3.24% (c) current registered holder(s) of securities: Valar Ventures LP (d) registered holders of securities once transfers registered: Not applicable Details of transactions and events giving rise to relevant event This notice has been given to record the issue of ordinary shares in XRO to Valar Global Fund I LP and Valar Global Principals Fund I LP which each limited partnership had agreed to subscribe for pursuant to subscription agreements with XRO dated 13 October 2013, as referred to in the event disclosure by Peter Andreas Thiel dated 14 October 2013. 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 1010 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:00242540 For:XRO Type:SSH Time:2013-10-18 08:42:03
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