ALF
03/11/2015 10:15
SSH
NOT PRICE SENSITIVE
REL: 1015 HRS Allied Farmers Limited
SSH: ALF: SSH Notice - Stockmans Holdings Ltd
Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
Note: This form must be completed in accordance with the instructions at the
end of the form.
To NZX
and
To Allied Farmers Limited
Date this disclosure made: 3 November 2015
Date on which substantial holding began: 2 November 2015
Substantial product holder(s) giving disclosure
Full name(s): Stockmans Holdings Limited
Summary of substantial holding
Class of quoted voting products: Ordinary Shares
Summary for Stockmans Holdings Limited
For this disclosure,--
(a) total number held in class: 19,267,822 ordinary shares to be issued
conditionally (see details below)
(b) total in class: 153,046,211 (after issue of (a))
(c) total percentage held in class: 12.59 (after issue of (a))
Details of relevant interests
Details for Stockmans Holdings Limited
For that relevant interest,--
(a) number held in class: 19,267,822 ordinary shares to be issued
conditionally (see details below)
(b) percentage held in class: 12.59 (after issue of (a))
(c) current registered holder(s): Stockmans Holdings Limited
(d) registered holder(s) once transfers are registered: n/a
Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure: (a) Allied
Farmers Rural Limited has entered into an agreement dated 2 November 2015
with Stockmans Holdings Limited, conditional on shareholder approval, to
purchase 950 shares in NZ Farmers Livestock Limited for a purchase price of
$1 million ("Transaction"). The purchase price is to be satisfied by either:
o the issue of 19,267,822 ALF new ordinary shares at $0.0519 to Stockmans,
being the 20 day volume weighted average price of ALF's shares (VWAP) prior
to 2 November 2015, or
o if the VWAP one business day prior to the settlement date of the
Transaction (which is expected to be 4 December 2015) is lower than $0.0519,
the issue of that number of new ordinary shares equivalent in value to $1
million at that lower share price.
Additional information
Address(es) of substantial product holder(s): 64 Beaver Rd West, Rd2,
Pukekohe, New Zealand
Contact details: [email protected] 027 4515310
Nature of connection between substantial product holders: n/a
Certification
I, Bill Sweeney, director of Stockmans Holdings Limited, 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:00272750 For:ALF Type:SSH Time:2015-11-03 10:15:32
