ATM
28/07/2015 08:30
RELINT
NOT PRICE SENSITIVE
REL: 0830 HRS The a2 Milk Company Limited
RELINT: ATM: Ongoing Disclosure Notice - Geoffrey Howard BABIDGE
Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer: The a2 Milk Company Limited
Date this disclosure made: 27/07/2015
Date of last disclosure: 11/11/2013
Director or senior manager giving disclosure
Full name(s): Geoffrey Howard BABIDGE
Name of listed issuer: The a2 Milk Company Limited
Name of related body corporate (if applicable):
Position held in listed issuer: Managing Director and CEO
Summary of acquisition or disposal of relevant interest (excluding specified
derivatives)
Class of affected quoted financial products: Ordinary Shares
Nature of the affected relevant interest(s): Beneficial interest
For that relevant interest-
Number held in class before acquisition or disposal: 6,000,000
Ordinary Shares partly paid to $0.001 per share
Number held in class after acquisition or disposal: 6,000,000
fully paid Ordinary Shares
Current registered holder(s): GCAA Investments Pty Ltd
Registered holder(s) once transfers are registered: GCAA
Investments Pty Ltd
Summary of acquisition or disposal of specified derivatives relevant interest
(if applicable)
Type of affected derivative:
Class of underlying financial products:
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of
underlying financial products (if any):
A statement as to whether the derivative is cash settled or physically
settled:
Maturity date of the derivative (if any):
Expiry date of the derivative(if any):
The price specified in the terms of the derivative (if any):
Any other details needed to understand how the amount of the consideration
payable under the derivative or the value of the derivative is affected by
the value of the underlying financial products:
For that derivative,-
Parties to the derivative:
If the director or senior manager is not a party to the derivative, the
nature of the relevant interest in the derivative:
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates: One
Details of transactions requiring disclosure-
Date of transaction: 24/07/2015
Nature of transaction: "Paying up in full 6 million Ordinary Shares
partly paid up to $0.001 per share.
Further background information follows:
As Managing Director & CEO of The A2 Milk Company Limited (""a2MC"" or the
""Company""),
Mr Babidge is remunerated by way of a fixed salary, and has the opportunity
to receive a short term incentive based on agreed objectives.
Mr Babidge also has a relevant interest in 11 million ordinary shares in
a2MC, held on trust by GCAA Investments Pty Ltd. Until 24 July 2015 all 11
million of those shares were partly paid shares issued by the Company under
the Company's previous long term incentive scheme used to provide equity
incentives to certain of its senior management team.
Six million of the shares in which Mr Babidge has a relevant interest were
issued by the Company in August 2010. The last day on which amounts can be
paid up on those six million partly paid shares is 25 August 2015. After
discussion with the Company's Board, GCAA Investments Pty Ltd elected to pay
up on 24 July 2015 all of the six million partly paid shares which must be
paid up by 25 August.
Following the payment up of shares Mr Babidge retains a relevant interest in
all 11 million shares (now comprised of five million partly paid ordinary
shares and six million fully paid ordinary shares). All 11 million shares
remain held on trust by GCAA Investments Pty Ltd.
"
Name of any other party or parties to the transaction (if known):
The consideration, expressed in New Zealand dollars, paid or recieved for the
acquisition or disposal. If the consideration was not in cash and cannot be
readily by converted into a cash value, describe the consideration:
$594,000.00
Number of financial products to which the transaction related:
6,000,000 Ordinary Shares
If the issuer has a financial products trading policy that prohibits
directors or senior managers from trading during any period without written
clearance (a closed period) include the following details--
Whether relevant interests were aquired or disposed of during a closed
period: No
Whether prior written clearance was provided to allow the aquisition or
disposal to proceed during the closed period: No
Date of the prior written clearance (if any): N/A
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products: Ordinary Shares
Nature of relevant interest: Beneficial owner
For that relevant interest,-
Number held in class: 5,000,000 partly paid Ordinary Shares
Current registered holder(s): GCAA Investments Pty Ltd
For a derivative relevant interest,-
Type of derivative:
Details of derivative,-
The notional value of the derivative (if any) or the notional amount of
underlying financial products (if any):
A statement as to whether the derivative is cash settled or physically
settled:
Maturity date of the derivative (if any):
Expiry date of the derivative (if any):
The price's specified terms (if any):
Any other details needed to understand how the amount of the consideration
payable under the derivative or the value of the derivative is affected by
the value of the underlying financial products:
For that derivative relevant interest,-
Parties to the derivative:
If the director or senior manager is not a party to the derivative, the
nature of the relevant interest in the derivative:
Cerification
I 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.
Signature of director or officer:
Date of signature:
or
Signature of person authorised to sign on behalf of director or officer:
Date of signature:
Name and title of authorised person:
Notes
Use this form to disclose all the aquisitions and disposals by a director or
senior manager of a listed issuer, or of a related body corporate, or in
specified derivatives. The disclosure must be made within--
(a) 20 working days after the first aquisition or disposal
disclosed in this notice if the aquisitions or disposals are of a kind
referred to in section 297(2)(a) of the Financial Markets Conduct Act 2013;
or
(b) in any other case, 5 trading days after the first
aquisition or disposal disclosed in this notice.
End CA:00267492 For:ATM Type:RELINT Time:2015-07-28 08:30:09
