CNU
11/02/2015 16:46
SSH
NOT PRICE SENSITIVE
REL: 1646 HRS Chorus Limited (NS)
SSH: CNU: SSH Notice - Jonathan Davis
Disclosure of movement of 1% or more in substantial holding or change in
nature of relevant interest or both
Sections 277 and 278, Financial Markets Conduct Act 2013
To NZX Limited
and
To Chorus Limited
Relevant event being disclosed: Movement of 1% or more
Date of relevant event: 10 February 2015
Date this disclosure made: 11 February 2015
Date last disclosure made: 4 February 2015
Substantial product holder(s) giving disclosure
Full Name(s): Jonathan Davis
Summary of substantial holding
Class of quoted voting products: Ordinary Shares (CNU)
Summary for: Jonathan Davis
For this disclosure,--
(a) Total number held in class: 28,295,846
(b) Total in class: 396,369,767
(c) Total percentage held in class: 7.139%
For last disclosure,--
(a) Total number held in class: 32,334,317
(b) Total in class: 396,369,767
(c) Total percentage held in class: 8.158%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure:
On market purchases of 500,000 shares by ACC for net consideration of NZD
$1,447,644.00 on 10 February 2015 and the aggregation of interests in
financial products held by Jonathan Davis and ACC.
Details after relevant event
Details for Jonathan Davis
Nature of relevant interest(s):
Beneficial owner of securities under Sections 235(1)(b) of the Financial
Markets Conduct Act
No relevant agreement document needs to be attached under regulation 139.
For that relevant interest,
(a) Number held in class: 2,083
(b) Percentage held in class: 0.001%
(c) Current registered holder(s): unknown
(d) Registered holder(s) once transfers are registered: unknown
Details for ACC
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 financial products, of which the Accident
Compensation Corporation ("ACC") is the beneficial owner under Sections
235(1)(c)and 235(1)(d) of the Financial Markets Conduct Act. Further to
regulation 139(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: 28,293,763
(b) Percentage held in class: 7.138%
(c) Current registered holder(s): ACC holds 27,030,401 shares via New Zealand
Central Securities Depository Limited (NZCSD) and 1,263,362 indirectly via JP
Morgan Nominees Australia Ltd.
(d) Registered holder(s) once transfers are registered: unknown
For a derivative relevant interest, also--
(a) type of derivative: n/a
(b) details of derivative: n/a
(c) parties to the derivative: n/a
(d) if the substantial product holder is not a party to the derivative, the
nature of the relevant interest in the derivative: n/a
Additional information
Address of substantial product holder(s):
ACC: Justice Centre, 19 Aitken Street, PO Box 242, Wellington, NZ
Contact details: Matthew Cunliffe +64 4 816 5743
[email protected]
Nature of connection between substantial product holders: Jonathan Davis is
an employee and equity analyst for ACC. Under current ACC investment
policies, he has the discretion to exercise control over some or all the
rights to vote and acquisition or disposal of some or all of the financial
products of which ACC is the beneficial owner
Name of any other person believed to have given, or believed to be required
to give, a disclosure under the Financial Markets Conduct Act 2013 in
relation to the financial products to which this disclosure relates: n/a
Certification
I, Matthew Cunliffe, 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:00260537 For:CNU Type:SSH Time:2015-02-11 16:46:03
