Ann: SSH: ALF: SSH Notice - Stockmans Holdings Limited

• Release Date: 04/12/15 10:49
• Summary: SSH: ALF: SSH Notice - Stockmans Holdings Limited
• Price Sensitive: No
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					ALF
04/12/2015 10:49
SSH
NOT PRICE SENSITIVE
REL: 1049 HRS Allied Farmers Limited

SSH: ALF: SSH Notice - Stockmans Holdings Limited

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
Note: This form must be completed in accordance with the instructions at the
end of the form.
To: NZX
and
To: Allied Farmers Limited
Relevant event being disclosed: Change in nature of relevant interest
Date of relevant event: 4 December 2015
Date this disclosure made: 4 December 2015
Date last disclosure made: 4 December 2015
Substantial product holder(s) giving disclosure
Full name(s): Stockmans Holdings Limited
Summary of substantial holding
Class of quoted voting products: Ordinary Shares
Summary for Stockmans Holdings Limited
For this disclosure,--
(a) total number held in class: 19,267,822
(b) total in class: 159,185,350 (after issue of (a))
(c) total percentage held in class: 12.104
For last disclosure,--
(a) total number held in class: 19,267,822
(b) total in class: 153,046,211 (assuming issue of (a), and before issue of
6,139,139 new ordinary shares to current and former directors on 26 November
2015)
(c) total percentage held in class: 12.59 (assuming issue of (a))
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure: Allied
Farmers Rural Limited entered into an agreement dated 2 November 2015 with
Stockmans Holdings Limited, conditional on (inter alia) shareholder approval,
to purchase 950 shares in NZ Farmers Livestock Limited for a purchase price
of $1 million ("Transaction") with the purchase price to be satisfied by
either:
o the issue of 19,267,822 ALF new ordinary shares at $0.0519 to Stockmans,
being the 20 day volume weighted average price of ALF's shares (VWAP)  prior
to 2 November 2015, or
o if the VWAP one business day prior to the settlement date of the
Transaction (which is expected to be 4 December 2015) is lower than $0.0519,
the issue of that number of new ordinary shares equivalent in value to $1
million at that lower share price.
The Transaction became unconditional and was settled on 4 December 2015. The
VWAP one business day prior to the settlement date is not lower than $0.0519,
and accordingly Allied has issued 19,267,822 ALF new ordinary shares at
$0.0519 to Stockmans on 4 December 2015.
Details after relevant event

Details for Stockmans Holdings Limited
Nature of relevant interest(s): Ordinary Shares
For that relevant interest,--
(a) number held in class: 19,267,822
(b) percentage held in class: 12.104 (assuming issue of (a))
(c) current registered holder(s): n/a
(d) registered holder(s) once transfers are registered: Stockmans Holdings
Limited
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:
Additional information
Address of substantial product holder: 64 Beaver Rd West, Rd2, Pukekohe, New
Zealand
Contact details: Bill Sweeney. [email protected]  027 4515310

*Nature of connection between substantial product holders: n/a
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, Bill Sweeney, director of Stockmans Holdings Limited, 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.

________________
Bill Sweeney
Director, Stockmans Holdings Limited
End CA:00274651 For:ALF    Type:SSH        Time:2015-12-04 10:49:29