ABA
10/04/2014 11:34
SSH
REL: 1134 HRS Abano Healthcare Group Limited
SSH: ABA: SSH Notice - (Steamboat Capital Limited)
DISCLOSURE OF BEGINNING TO HAVE SUBSTANTIAL HOLDING
Section 22, Securities Markets Act 1988
Date of relevant event: 10 April 2014
To: NZX
And: Abano Healthcare Group Limited
Date this disclosure made: 10 April 2014
Date last disclosure made: 29 November 2013
Substantial security holder(s) giving disclosure
Name(s):
Steamboat Capital Limited
James Livingstone Reeves
Field Nominees Limited, on behalf of the Reeves Border Trust
James Livingstone Reeves, Nicola Jane Reeves and Gary Chapman Trustees
Limited as trustees of the Ballroom Trust
Contact details: James Reeves
Phone: +64 9 368 9109
Email: [email protected]
Date on which substantial security holder(s) began to have substantial
holding: 9 April 2014
Summary of substantial holding to which disclosure relates
Class of listed voting securities: Ordinary Shares in Abano Healthcare Group
Limited (NZX Main Board Code: ABA)
Summary for:
Steamboat Capital Limited
James Livingstone Reeves
Field Nominees Limited, on behalf of the Reeves Border Trust
James Livingstone Reeves, Nicola Jane Reeves and Gary Chapman Trustees
Limited as trustees of the Ballroom Trust
For this disclosure,--
(a) total number held in class: 3,811,664
(b) total in class: 20,537,479
(c) total percentage held in class: 18.56%
Details of transactions and events giving rise to person beginning to have
substantial holding
Steamboat Capital Limited is a representative of James Livingstone Reeves,
Field Nominees Limited on behalf of the Reeves Border Trust, and James
Livingstone Reeves, Nicola Jane Reeves and Gary Chapman Trustees Limited as
trustees of the Ballroom Trust.
Healthcare Industry Limited and Steamboat Capital Limited have an
understanding to act in concert in relation to any resolution of shareholders
of Abano Healthcare Group Limited (Abano) relating to the removal of the
Chairman of Abano Mr Trevor Janes as a director and the convening of any
meeting of shareholders of Abano to consider such resolution.
They both intend to request such a meeting and vote (or in the case of
Steamboat Capital Limited, to recommend to shareholders whose interests it
represents that they vote) in support of any resolution for the removal of Mr
Janes that is put to shareholders.
However, Steamboat Capital Limited does not control the exercise of
Healthcare Industry Limited's voting rights, and Healthcare Industry Limited
does not control the exercise of the voting rights of any entity represented
by Steamboat Capital Limited.
This understanding is recorded in the attached letters to the directors and
to shareholders of Abano (25 pages).
Details of relevant interests currently in substantial holding
Details for: Steamboat Capital Limited
Nature of relevant interest: Representative of James Livingstone Reeves,
Field Nominees Limited on behalf of the Reeves Border Trust, and James
Livingstone Reeves, Nicola Jane Reeves and Gary Chapman Trustees Limited as
trustees of the Ballroom Trust, in respect of the to the understanding with
Healthcare Industry Limited described above.
For that relevant interest,--
(a) number held in class: 3,811,664
(b) percentage held in class: 18.56%
(c) current registered holder(s) of securities: ASB Nominees Limited,
James Livingstone Reeves, James Livingstone Reeves, Nicola Jane Reeves and
Gary Chapman Trustees Limited, and Field Nominees Limited.
(d) registered holder(s) of securities once transfers registered: N/A
Details for: James Livingstone Reeves
Nature of relevant interest: Registered holder and beneficial owner of
securities, subject to the understanding between its representative Steamboat
Capital Limited and Healthcare Industry Limited described above.
For that relevant interest,--
(a) number held in class: 3,811,664
(b) percentage held in class: 18.56%
(c) current registered holder(s) of securities: ASB Nominees Limited,
James Livingstone Reeves, James Livingstone Reeves, Nicola Jane Reeves and
Gary Chapman Trustees Limited, and Field Nominees Limited.
(d) registered holder(s) of securities once transfers registered: N/A
Details for: Field Nominees Limited, on behalf of the Reeves Border Trust
Nature of relevant interest: Registered holder of securities, subject to the
understanding between its representative Steamboat Capital Limited and
Healthcare Industry Limited described above.
For that relevant interest,--
(a) number held in class: 3,811,664
(b) percentage held in class: 18.56%
(c) current registered holder(s) of securities: ASB Nominees Limited,
James Livingstone Reeves, James Livingstone Reeves, Nicola Jane Reeves and
Gary Chapman Trustees Limited, and Field Nominees Limited.
(d) registered holder(s) of securities once transfers registered: N/A
Details for: James Livingstone Reeves, Nicola Jane Reeves and Gary
Chapman Trustees Limited as trustees of the Ballroom Trust
Nature of relevant interest: Registered holder of securities, subject to the
understanding between its representative Steamboat Capital Limited and
Healthcare Industry Limited described above.
For that relevant interest,--
(a) number held in class: 3,811,664
(b) percentage held in class: 18.56%
(c) current registered holder(s) of securities: ASB Nominees Limited,
James Livingstone Reeves, James Livingstone Reeves, Nicola Jane Reeves and
Gary Chapman Trustees Limited, and Field Nominees Limited.
(d) registered holder(s) of securities once transfers registered: N/A
Additional information
Nature of connection between substantial security holders: As specified above
Address(es) of substantial security holder(s):
Steamboat Capital Limited: Suite 3, Level 1, The Heards Building, 164 Parnell
Road, Parnell, Auckland, New Zealand
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: Healthcare Industry Limited, Peter Lionel Hutson,
Lewis Thomas Grant and Anya Lee Hutson as trustees of the Anya Hutson Trust,
Peter Lionel Hutson, Lewis Thomas Grant and Anya Lee Hutson as trustees of
the Praxis Trust and Scott Eric Wright, Alison McRae Wright and Kevin David
Pitfield as trustees of the Scott and Alison Wright Family Trust
Declaration
I, James Livingstone Reeves, 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:00249341 For:ABA Type:SSH Time:2014-04-10 11:34:38
