CNU
10/09/2012 16:08
SSH
REL: 1608 HRS Chorus Limited (NS)
SSH: CNU: SSH Notice - ("ACC")
Disclosure of beginning to have substantial holding
Section 22, Securities Markets Act 1988
To: NZX Limited
And: Chorus Limited
Date this disclosure made: 10 September 2012
Substantial security holder(s) giving disclosure
Name(s): Accident Compensation Corporation ("ACC")
Nicholas Bagnall, Blair Tallott, Paul Robertshawe, Ian Graham, Blair Cooper,
Ian Purdy
Contact details: Kym Nijsse +64 4 816 6767
[email protected]
Date on which substantial security holder(s) began to have substantial
holding: 7 September 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,
Ian Purdy
For this disclosure,--
(a) Total number held in class: 19,742,266
(b) Total in class: 385,082,123
(c) Total percentage held in class: 5.127%
Details of relevant interests in substantial holding after relevant event
Details for: ACC
Nature of relevant interest(s):
Beneficial owner of securities under s 5 (1) (b) of the Securities Markets
Act
No relevant agreement document needs to be attached under regulation 11.
For that relevant interest,--
(a) Number held in class: 19,742,266
(b) Percentage held in class: 5.127%
(c) Current registered holder(s) of securities: ACC holds 19,562,266
shares directly via New Zealand Central Securities Depository Limited (NZCSD)
and 180,000 shares indirectly via JP Morgan Nominees Australia Ltd.
(d) Registered holder(s) of securities once transfers registered: unknown
Details for: Nicholas Bagnall, Blair Tallott, Paul Robertshawe, Ian
Graham, Blair Cooper, Ian Purdy
Nature of relevant interest(s):
Qualified powers to exercise control of rights to vote and of acquisition or
disposal of some or all of the securities, of which the Accident Compensation
Corporation ("ACC") is the beneficial owner under s 5(1)(c)and 5 (1)(d) of
the Securities Markets Act. Further to regulation 11(2)(b), the material
terms of this arrangement are that powers are subject to ACC investment
policies and the decisions of the ACC Investment Committee.
For that relevant interest,
(a) Number held in class: 19,742,266
(b) Percentage held in class: 5.127%
(c) Current registered holder(s) of securities: ACC holds 19,562,266
shares directly via New Zealand Central Securities Depository Limited (NZCSD)
and 180,000 shares indirectly via JP Morgan Nominees Australia Ltd.
(d) Registered holder(s) of securities once transfers registered: unknown
Details of transactions and events giving rise to person beginning to have
substantial holding
Details of the transactions or other events requiring disclosure under the
instructions to this form:
Purchase of 800,000 shares for net consideration of NZD $2,797,035.94 on 7th
September 2012.
Additional information
Nicholas Bagnall, Blair Tallott, Paul Robertshawe, Ian Graham, Blair Cooper,
Ian Purdy 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, NZ
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, Richard Kennedy, 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:00227112 For:CNU Type:SSH Time:2012-09-10 16:08:29
