TWR
30/07/2012 16:38
SSH
REL: 1638 HRS Tower Limited
SSH: TWR: SSH Notice - ("ACC")
Disclosure of ceasing to have substantial holding
Sections 25, Securities Markets Act 1988
To: NZX Limited
And: Tower Limited
Date this disclosure made: 30 July 2012
Date last disclosure made: 4 July 2012
Substantial security holder(s) giving disclosure
Name(s): Accident Compensation Corporation ("ACC")
Nicholas Bagnall, Blair Tallott, Paul Robertshawe, Ian
Graham, Blair Cooper.
Contact details: Kym Nijsse +64 4 816 6767 [email protected]
Date on which substantial security holder(s) ceased to have a substantial
holding: 27 July 2012
Summary of substantial holding to which disclosure relates
Class of listed voting securities: Ordinary Shares
Summary for: Accident Compensation Corporation ("ACC")
Nicholas Bagnall, Blair Tallott, Paul Robertshawe, Ian Graham, Blair
Cooper.
For last disclosure:
(a) Total number held in class: 13,583,735
(b) Total in class: 269,091,094
(c) Total percentage held in class: 5.048%
For current holding after ceasing to have substantial holding:
(a) Total number held in class: 13,454,234
(b) Total in class: 269,091,094
(c) Total percentage held in class: 4.99988%
Details of transactions and events giving rise to person ceasing to have a
substantial holding:
Details of the transactions or other events requiring disclosure under the
instructions to this form:
Sale of 129,500 shares for net consideration of NZD $216,689.76 on 27th July
2012
Additional information
Nicholas Bagnall, Blair Tallott, Paul Robertshawe, Ian Graham and Blair
Cooper are employees and portfolio managers or equity analysts for ACC. Under
current ACC investment policies, they have the discretion to exercise control
over some or all the rights to vote and acquisition or disposal of some or
all of the securities of which ACC is the beneficial owner
Address(es) of substantial security holder(s): ACC : Vogel Centre, 19 Aitken
Street, PO Box 242, Wellington 6140.
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: n/a
Declaration
I, Kym Nijsse, 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:00225461 For:TWR Type:SSH Time:2012-07-30 16:38:37
