- Release Date: 12/09/13 12:58
- Summary: SSH: CVT: SSH Notice - Derma Sciences Inc.
- Price Sensitive: No
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CVT 12/09/2013 10:58 SSH REL: 1058 HRS Comvita Limited SSH: CVT: SSH Notice - Derma Sciences Inc. Securities Markets (Substantial Security Holders) Regulations 2007 FORM 1 Section 22, Securities Markets Act 1988 DISCLOSURE OF BEGINNING TO HAVE SUBSTANTIAL HOLDING To: NZX Limited ("NZX") And: Comvita Limited ("Comvita") Date this disclosure made: 12 September 2013 Substantial security holder(s) giving disclosure Name: Derma Sciences Inc Contact details: Edward J Quilty Tel: +1 609 514 4744 Email: [email protected] Date on which substantial security holder began to have substantial holding: 9 September 2013 Summary of substantial holding to which disclosure relates Class of listed voting securities: Ordinary Shares (Comvita) Summary for: Derma Sciences Inc For this disclosure,-- (a) total number held in class: 2,272,277 (b) total in class: 31,454,555 (c) total percentage held in class: 7.224 % Details of relevant interests currently in substantial holding Details for: Derma Sciences Inc Nature of relevant interest(s): Derma Sciences Inc ("Derma") is the registered and beneficial owner of the shares due to a share placement on 9 September 2013. Pursuant to the Subscription Agreement dated 3 September 2013 between Comvita and Derma, should Comvita issue further shares to any third party investor by way of a private placement within 6 months from 9 September 2013 at a price of 10% or more below $3.90 per share, the benefit of such lower issuance price must be extended to Derma by issue of additional shares at no further cost. In accordance with regulation 13 of the Securities Markets (Substantial Security Holders) Regulations 2007 the Subscription Agreement need not be attached to this disclosure notice for the relevant interest. For that relevant interest, (a) number held in class: 2,272,277 (b) percentage held in class: 7.224 % (c) current registered holder of securities: Derma Sciences Inc (d) registered holder of securities once transfers registered: Derma Sciences Inc Details of transactions and events giving rise to person beginning to have substantial holding Details of the transactions or other events requiring disclosure under the instructions to this form: Pursuant to the entry into the Subscription Agreement dated 3 September 2013 between Comvita and Derma, Derma agreed to subscribe for new ordinary shares in Comvita and Comvita agreed to issue those shares to Derma at an issue price of $3.90 per share for an amount of New Zealand dollars received by Comvita net of any deduction after conversion from US$7 million, which resulted in 2,272,277 ordinary shares issued to Derma. Additional information Nature of connection between substantial security holders: Not applicable Address of substantial security holder: 214 Carnegie Center, Suite 300, Princeton,, New Jersey, 08540 , U.S.A. 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: Not applicable Declaration I, Edward J Quilty, 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:00241040 For:CVT Type:SSH Time:2013-09-12 10:58:10
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