TWR
05/05/2015 14:52
SSH
NOT PRICE SENSITIVE
REL: 1452 HRS Tower Limited
SSH: TWR: SSH Notice - Salt Funds Management Limited
Disclosure of movement of 1% or more in substantial holding
or change in nature of relevant interest, or both
Sections 277 and 278, Financial Markets Conduct Act 2013
To NZX Limited
and
To Tower Limited
Relevant event being disclosed:
Date of relevant event: 1 May 2015
Date this disclosure made: 5 May 2015
Date last disclosure made: 20 April 2015
Substantial product holder(s) giving disclosure
Full name(s): Salt Funds Management Limited
Summary of substantial holding
Class of quoted voting products: Tower Limited Ordinary Shares (TWR)
Summary for Salt Funds Management Limited
For this disclosure,--
(a) total number held in class: 18,698,751
(b) total in class: 175,749,449
(c) total percentage held in class: 10.639%
For last disclosure,--
(a) total number held in class: 13,514,826
(b) total in class: 175,749,449
(c) total percentage held in class: 7.690%
Details of transactions and events giving rise to relevant event
On 1 May 2015, Salt Funds Management assumed responsibility for discretionary
investment management services that increased its holding by 4,971,690
shares.
Salt Funds Management also undertook the following transactions as part of
normal on-market trading activities:
(Please see attachment)
Details after relevant event
Details for Salt Funds Management Limited
Nature of relevant interest(s): Investment Manager
For that relevant interest,--
(a) total number held in class: 18,698,751
(b) total in class: 175,749,449
(c) total percentage held in class: 10.639%
(d) registered holder(s) once transfers are registered: See Annexure 1.
Additional information
Address(es) of substantial product holder(s): Level 3, The Imperial
Buildings, 44 Queen Street, Auckland 1050
Contact details:
Anthony Sowerby, Telephone: 09 967 7276, Email:
[email protected]
Name of any other person believed to have given, or believed to be required
to give, a disclosure under the Financial Markets Conduct Act 2013 in
relation to the financial products to which this disclosure relates: Not
applicable.
Certification
I, Anthony Sowerby, certify 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:00263923 For:TWR Type:SSH Time:2015-05-05 14:52:37
