ALF
11/06/2012 17:08
SSH
REL: 1708 HRS Allied Farmers Limited
SSH: ALF: SSH - Accident Compensation Corporation ("ACC")
Disclosure of ceasing to have substantial holding
Sections 23 and 24, Securities Markets Act 1988
Date of relevant event: 8 June 2012
To: NZX Limited
And: Allied Farmers Limited
Date this disclosure made: 11 June 2012
Date last disclosure made: 16 March 2012
Substantial security holder(s) giving disclosure
Name(s): Accident Compensation Corporation ("ACC")
Nicholas Bagnall, Blair Tallott, Paul Robertshawe, Ian
Graham, Blair Cooper.
Contact details: Kym Nijsse +64 4 816 6767 [email protected]
Summary of substantial holding to which disclosure relates
Class of listed voting securities: Ordinary Shares
Summary for: Accident Compensation Corporation ("ACC")
Nicholas Bagnall, Blair Tallott, Paul Robertshawe, Ian
Graham, Blair Cooper.
For this disclosure,--
(a) Total number held in class: 4,113,956
(b) Total in class: 90,792,438
(c) Total percentage held in class: 4.531%
For last disclosure,--
(a) Total number held in class: 5,038,122
(b) Total in class: 90,792,438
(c) Total percentage held in class: 5.549%
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:
Sale of 512,000 shares for net consideration of NZD $15,856.13 on the 8th
June 2012.
Details of relevant interests in substantial holding after relevant event
Details for: ACC
Nature of relevant interest(s):
Beneficial owner of securities under s 5 (1) (b) of the Securities Markets
Act
No relevant agreement document needs to be attached under regulation 11.
For that relevant interest,--
(a) Number held in class: 4,113,956
(b) Percentage held in class: 4.531%
(c) Current registered holder(s) of securities: ACC via New Zealand
Central Securities Depository Limited (NZCSD)
(d) Registered holder(s) of securities once transfers registered: n/a
Details for: Nicholas Bagnall, Blair Tallott, Paul Robertshawe, Ian Graham,
Blair Cooper.
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 securities, of which the Accident Compensation
Corporation ("ACC") is the beneficial owner under s 5(1)(c)and 5 (1)(d) of
the Securities Markets Act. Further to regulation 11(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: 4,113,956
(b) Percentage held in class: 4.531%
(c) Current registered holder(s) of securities: ACC via New Zealand
Central Securities Depository Limited (NZCSD)
(d) Registered holder(s) of securities once transfers registered: n/a
Additional information
Nicholas Bagnall, Blair Tallott, Paul Robertshawe, Ian Graham and Blair
Cooper are employees and portfolio managers or equity analysts for ACC. Under
current ACC investment policies, they have the discretion to exercise control
over some or all the rights to vote and acquisition or disposal of some or
all of the securities of which ACC is the beneficial owner
Address(es) of substantial security holder(s): ACC : Vogel Centre, 19 Aitken
Street, PO Box 242, Wellington 6140.
Name of any other person believed to have given, or believed to be required
to give, a disclosure under the Act in relation to the securities to which
this disclosure relates: n/a
Declaration
I, Kym Nijsse, 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:00223746 For:ALF Type:SSH Time:2012-06-11 17:08:53
