SNK
30/03/2015 13:12
SSH
NOT PRICE SENSITIVE
REL: 1312 HRS Snakk Media Limited
SSH: SNK: SSH Notice - HPF Investments Ltd (in voluntary liquidation)
Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
To: NZX Limited
and
To: Snakk Media Limited
Date this disclosure made: 30 March 2015
Date last disclosure made: 29 November 2013
Date on which substantial holding ceased: 26 March 2015
Substantial product holder(s) giving disclosure
Full name(s): HPF Investments Limited (in voluntary liquidation)
Summary of previous substantial holding
Class of quoted voting products: Snakk Media Limited Ordinary shares (SNK)
Summary for: HPF Investments Limited (in voluntary liquidation)
For last disclosure,--
(a) total number held in class: 15,915,131
(b) total in class: 262,862,984
(c) total percentage held in class: 6.055%
For current holding after ceasing to have substantial holding,--
(a) total number held in class: Nil
(b) total in class: 265,132,984
(c) total percentage held in class: 0.000%
Details of transactions and events giving rise to ceasing of substantial
holding
Details of the transactions or other events requiring disclosure:
From 29 November 2013 to 12 June 2014, HPF Investments Limited sold 1,731,021
shares in Snakk Media Limited on market for total consideration of
$185,814.23.
On 26 March 2015, HPF Investments Limited made an off-market transfer of
14,184,110 shares in Snakk Media Limited to:
No of Shares Value
The Business Bakery LP 10,940,165 $568,889
Richard H Frank Living Trust 1,081,315 $56,228
Paul Frank 1,081,315 $56,228
Darryl B Frank Living Trust 1,081,315 $56,228
In addition to these transactions, HPF Investments Limited's shareholding was
diluted by Snakk Media Limited's issue of:
- 1,500,000 fully paid ordinary shares on 03 February 2014 through the
exercise of options issued under the share option plan; and
- 770,000 fully paid ordinary shares on 14 March 2014 through the
exercise of options issued under the share option plan.
Additional information
Address(es) of substantial product holder(s):
HPF Investments Limited (in voluntary liquidation)
Level 1, 116-118 Quay Street
Auckland 1010
Contact details: Mr Stephen Sinclair
Tel: 0064 9 367 9464
Email: [email protected]
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: Not
applicable.
Certification
I, Stephen John Sinclair, 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:00262467 For:SNK Type:SSH Time:2015-03-30 13:12:30
