GNE
06/07/2015 17:27
SSH
NOT PRICE SENSITIVE
REL: 1727 HRS Genesis Energy Limited (NS)
SSH: GNE: SSH Notice - Her Majesty the Queen in right of New Zealand
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
and
To Genesis Energy Limited (GNE)
Relevant event being disclosed: Change in the nature of any relevant
interest in the substantial holding
Date of relevant event: 02 July 2015
Date this disclosure made: 06 July 2015
Date last disclosure made: 23 April 2015
Substantial product holder(s) giving disclosure
Full name(s): Her Majesty the Queen in right of New Zealand (the Crown)
Summary of substantial holding
Class of quoted voting products: Ordinary Shares in GNE (Shares)
Summary for: The Crown
For this disclosure,--
(a) total number held in class: 519,723,781
(b) total in class: 1,000,000,000
(c) total percentage held in class: 51.972%
For last disclosure,--
(a) total number held in class: 517,791,761
(b) total in class: 1,000,000,000
(c) total percentage held in class: 51.779%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure under the
instructions to this form: On 1 July 2015, the Guardians of New Zealand
Superannuation entered into an investment management agreement with Mint
Asset Management Limited. As a consequence of this, and with effect from 2
July 2015, the securities which are the subject of this substantial security
holder notice are now held by Mint Asset Management Limited as investment
manager for Guardians of New Zealand Superannuation, such securities having
previously been held directly by New Zealand Superannuation Fund Nominees
Limited as nominee for the New Zealand Superannuation Fund being property of
Her Majesty the Queen in right of New Zealand and managed by the Guardians of
New Zealand Superannuation.
Details after relevant event
Details for: The Crown
Nature of relevant interest(s): Registered holder and beneficial owner of
Shares. The Crown's relevant interest is subject to the qualification that,
pursuant to the Public Finance Act 1989, the Crown must hold at least 51% of
the Shares on issue.
For that relevant interest,--
(a) number held in class: 512,319,766
(b) percentage held in class: 51.232%
(c) current registered holder(s): Her Majesty the Queen in Right of New
Zealand acting by and through Her Minister of Finance and Minister for State
Owned Enterprises
(d) registered holder(s) once transfers are registered: N/A
Nature of relevant interest(s): Beneficial owner of Shares managed or
administered by the Guardians of New Zealand Superannuation as manager and
administrator of the New Zealand Superannuation Fund by virtue of the fact
that the New Zealand Superannuation Fund is the property of the Crown
pursuant to the New Zealand Superannuation and Retirement Income Act 2001.
For that relevant interest,--
(a) number held in class: 4,660,468
(b) percentage held in class: 0.466% Note relevant interests held by
Managers as follows: State Street Global Advisors (0.004%), New Zealand
Superannuation Fund Nominees Limited (0.101%), Mint Asset Management (
0.199%); Devon Asset Management (0.163%)
(c) current registered holder(s): New Zealand Superannuation Fund
Nominees Limited: State Street Global Advisors (0.004%), New Zealand
Superannuation Fund Nominees Limited (0.101%), Mint Asset Management (
0.199%); Devon Asset Management (0.163%); on behalf of New Zealand
Superannuation Fund Nominees Limited as nominee for the New Zealand
Superannuation Fund being property of Her Majesty the Queen in right of New
Zealand and managed by the Guardians of New Zealand Superannuation
(d) registered holder(s) once transfers are registered: N/A
Nature of relevant interest(s): The Crown has a relevant interest in shares
held by the Rangit?ne T? Mai Ra Trust by virtue of a Deed of Embargo between
the Rangit?ne T? Mai Ra Trust and the Crown dated 16 April 2014 (the
Rangit?ne T? Mai Ra Trust Deed of Embargo) pursuant to which the Crown can
prevent the Rangit?ne T? Mai Ra Trust from disposing of Shares held by it
until the later of (a) the date that is two years from 16 April 2014; and (b)
the date on which an Agreement in Principle (or equivalent) settling
historical Treaty of Waitangi claims against the Crown has been signed by the
Crown, Rangit?ne o Wairarapa and Rangit?ne o Tamaki Nui-?-Rua. A copy of the
Rangit?ne T? Mai Ra Trust Deed of Embargo has previously been filed.
For that relevant interest,--
(a) number held in class: 2,620,967
(b) percentage held in class: 0.262%
(c) current registered holder(s): John Gilbert Sproat, Steven Mark
Chrisp and Jason Reuben Kerehi (in their capacities as trustees of the
Rangit?ne Tu Mai Ra Trust
(d) registered holder(s) once transfers are registered: N/A
Nature of relevant interest(s): The Crown has a relevant interest in shares
held by the Ng?i Te Rangi Settlement Trust by virtue of a Deed of Embargo
between the Ng?i Te Rangi Settlement Trust and the Crown dated 16 April 2014
(the Ng?i Te Rangi Settlement Trust Deed of Embargo) pursuant to which the
Crown can prevent the Ng?i Te Rangi Settlement Trust from disposing of Shares
held by it until the later of (a) the date that is two years from 16 April
2014; and (b) the date on which an Agreement in Principle (or equivalent)
settling historical Treaty of Waitangi claims against the Crown has been
signed by the Crown and Ng?i Te Rangi. A copy of the Ng?i Te Rangi Settlement
Trust Deed of Embargo has previously been filed.
For that relevant interest,--
(a) number held in class: 96,774
(b) percentage held in class: 0.010%
(c) current registered holder(s): Maureen Ririnui, Puhirake Ihaka and
Charlie Tawhiao (in their capacities as trustees of the Ng?i Te Rangi
Settlement Trust)
(d) registered holder(s) once transfers are registered: N/A
Nature of relevant interest(s): Beneficial owner of Shares held by Public
Trust on trust for the Crown and certain iwi, pursuant to a deed of trust
between the Crown and the Public Trust.
For that relevant interest,--
(a) number held in class: 25,806
(b) percentage held in class: 0.003%
(c) current registered holder(s): Public Trust Class 50 Nominees
Limited.
(d) registered holder(s) once transfers are registered: N/A
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(es) of substantial product holder(s): No 1 The Terrace, Wellington,
New Zealand
Contact details: C/- The Treasury (Chris White)
Ph: +64 4 472 2733
E-mail: [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: N/A
Certification
I, Chris White, 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:00266693 For:GNE Type:SSH Time:2015-07-06 17:27:53
