Ann: SSH: MET: SSH - Infratil RV Limited

• Release Date: 25/11/13 13:48
• Summary: SSH: MET: SSH - Infratil RV Limited
• Price Sensitive: No
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					MET
25/11/2013 11:48
SSH

REL: 1148 HRS Metlifecare Limited

SSH: MET: SSH - Infratil RV Limited

DISCLOSURE OF BEGINNING TO HAVE SUBSTANTIAL HOLDING
Section 22, Securities Markets Act 1988

To: NZX Limited
And: Metlifecare Limited ("MET")
Date this disclosure made:  25 November 2013

Substantial security holder(s) giving disclosure
Name:  Infratil RV Limited ("IRV")
Contact details: Jason Boyes; Tel: 04 473 2399; Email:
[email protected]
Date on which substantial security holder began to have substantial holding:
25 November 2013

Summary of substantial holding to which disclosure relates
Class of listed voting securities: Ordinary Shares
Summary for: IRV
For this disclosure,--
(a) total number held in class: 41,908,343
(b) total in class: 210,594,691
(c) total percentage held in class: 19.90%

Details of relevant interests currently in substantial holding
Details for: IRV
Nature of relevant interest:  Non-beneficial relevant interest pursuant to
section 5(1)(d) of the Securities Markets Act 1988
For that relevant interest,--
(a) number held in class: 41,908,343
(b) percentage held in class: 19.90%
(c) current registered holder of securities: Retirement Villages New
Zealand Limited
(d) registered holder of securities once transfers registered:  IRV

Details of transactions and events giving rise to person beginning to have
substantial holding
Under a previous substantial security holder notice Infratil Limited ("IFT")
disclosed that it had accepted a sub-underwriting offer made by Goldman Sachs
New Zealand Limited ("Goldman Sachs") under which IFT agreed to acquire
41,908,343 shares in MET ("Shares") currently held by Retirement Villages New
Zealand Limited for NZ$3.53 per share (NZ$147,936,450.79 in aggregate)
("Sub-Underwriting Offer").
IRV is a wholly-owned subsidiary of IFT and is the nominee of IFT to purchase
the Shares pursuant to the Sub-Underwriting Offer.  The sale and purchase of
the Shares was effected by Goldman Sachs reporting a crossing on the market
through the NZX Main Board today.
A copy of the Sub-Underwriting Offer (which comprises 15 pages) was attached
to the disclosure made by IFT and H.R.L Morrison & Co Group Limited on 25
October 2013.

Additional information
Nature of connection between substantial security holders:  N/A
Address of substantial security holder:  5 Market Lane, 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:  Retirement Villages New Zealand Limited and H.R.L
Morrison & Co Group Limited.

Declaration
I, Jason Boyes, 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:00244240 For:MET    Type:SSH        Time:2013-11-25 11:48:09