ABA
10/04/2014 11:34
SSH
REL: 1134 HRS Abano Healthcare Group Limited
SSH: ABA: SSH Notice - (Healthcare Industry Limited)
DISCLOSURE OF MOVEMENT OF 1% OR MORE IN SUBSTANTIAL HOLDING OR CHANGE IN
NATURE OF RELEVANT INTEREST OR BOTH
Sections 23 and 24, Securities Markets Act 1988
Relevant event being disclosed: Change in the nature of a relevant interest
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):
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
Scott Eric Wright, Alison McRae Wright and Kevin David Pitfield as trustees
of the Scott and Alison Wright Family Trust
Contact details: Stephen Lowe, Solicitor
Phone: +64 9 357 9000
Email: [email protected]
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:
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
Scott Eric Wright, Alison McRae Wright and Kevin David Pitfield as trustees
of the Scott and Alison Wright Family 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%
For last disclosure,--
(a) total number held in class: 2,868,839
(b) total in class: 20,410,760
(c) total percentage held in class: 14.056%
Details of transactions and events giving rise to relevant event
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).
On 24 January 2014 Healthcare Industry Limited was issued 30,945 additional
shares by Abano through its Dividend Reinvestment Plan (a less than 1%
change).
Details of relevant interests in substantial holding after relevant event
Details for: Healthcare Industry Limited
Nature of relevant interest: Beneficial owner of securities, subject to the
understanding with Steamboat Capital 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: Peter Lionel Hutson, Lewis Thomas Grant and Anya Lee Hutson as
trustees of the Anya Hutson Trust
Nature of relevant interest: Peter Lionel Hutson, Lewis Thomas Grant and
Anya Lee Hutson (jointly) hold more than 20% of the shares in Healthcare
Industry Limited and are deemed by the Securities Markets Act 1988 to hold
any relevant interest that Healthcare Industry Limited holds.
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,
Field Nominees Limited, James Livingstone Reeves, Nicola Jane Reeves and Gary
Chapman Trustees Limited, and James Livingstone Reeves
(d) registered holder(s) of securities once transfers registered: N/A
Details for: Peter Lionel Hutson, Lewis Thomas Grant and Anya Lee Hutson as
trustees of the Praxis Trust
Nature of relevant interest: Peter Lionel Hutson, Lewis Thomas Grant and Anya
Lee Hutson (jointly) hold more than 20% of the shares in Healthcare Industry
Limited and are deemed by the Securities Markets Act 1988 to hold any
relevant interest that Healthcare Industry Limited holds.
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,
Field Nominees Limited, James Livingstone Reeves, Nicola Jane Reeves and Gary
Chapman Trustees Limited, and James Livingstone Reeves
(d) registered holder(s) of securities once transfers registered: N/A
Details for: Scott Eric Wright, Alison McRae Wright and Kevin David Pitfield
as trustees of the Scott and Alison Wright Family Trust
Nature of relevant interest: Scott Eric Wright, Alison McRae Wright and Kevin
David Pitfield (jointly) hold more than 20% of the shares in Healthcare
Industry Limited and are deemed by the Securities Markets Act 1988 to hold
any relevant interest that Healthcare Industry Limited holds.
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,
Field Nominees Limited, James Livingstone Reeves, Nicola Jane Reeves and Gary
Chapman Trustees Limited, and James Livingstone Reeves
(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): C/- Staples Rodway Limited,
9th Floor, Tower Centre, 45 Queen Street, Auckland 1010
Name of any other person believed to have given, or believed to be required
to give, a disclosure under the Securities Markets Act 1988 in relation to
the securities to which this disclosure relates: Steamboat Capital Limited
and/or Field Nominees Limited on behalf of the Reeves Border Trust, James
Livingstone Reeves, Nicola Jane Reeves and Gary Chapman Trustees Limited in
their capacity as trustees of the Ballroom Trust, and James Livingstone
Reeves.
Declaration
I, Stephen Bruce Lowe, 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:00249342 For:ABA Type:SSH Time:2014-04-10 11:34:50
