Ann: SSH: DIL: SSH Notice - Harbour Asset Management Limited

• Release Date: 22/04/15 08:30
• Summary: SSH: DIL: SSH Notice - Harbour Asset Management Limited
• Price Sensitive: No
• Download Document  4.89KB

					DIL
22/04/2015 08:30
SSH
NOT PRICE SENSITIVE
REL: 0830 HRS Diligent Board Member Services INC (NS)

SSH: DIL: SSH Notice - Harbour Asset Management 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

To NZX Limited
and
To Diligent Board Member Services Inc.

Relevant event being disclosed Disclosure of movement of 1% or more in
substantial holding
Date of relevant event: 20 April 2015
Date this disclosure made: 22 April 2015
Date last disclosure made: 13 August 2014

Substantial product holder(s) giving disclosure
Full name(s): First NZ Capital Group Limited

Summary of substantial holding
Class of quoted voting products: Ordinary shares
Summary for: First NZ Capital Securities Limited and Harbour Asset Management
Limited
For this disclosure -
 (a) total number held in class: 7,496,937
 (b) total in class: 86,934,272
 (c) total percentage held in class: 8.62%
For last
Disclosure -
 (a) total number held in class: 6,547,153
 (b) total in class: 86,678,784
 (c) total percentage held in class: 7.55%

Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure: As noted
above, Harbour Asset Management Limited had disclosed an interest in
*6,547,153 (7.55%) DIL shares. Between 18 August 2014 and 17 April 2015, as
part of normal on-market trading activity under discretionary investment
management mandates, Harbour Asset Management Limited purchased a total of
1,553,578 DIL shares (for total consideration of $8,202,785) and sold 654,154
DIL shares (for total consideration of $3,521,010). As at 17 April 2015,
Harbour Assert Management Limited had a relevant interest in 7,257,098
(8.347%) DIL shares.

On 20 April 2015, as part of normal on-market trading activity under
discretionary investment mandates, Harbour Asset Management Limited purchased
39,839 DIL shares at $5.80 per share and also acquired a further 150,000 DIL
shares by way of an in-specie share transfer (at $5.70 per share). As a
result of these transactions, as at 20 April 2015, Harbour Asset Management
Limited had a relevant interest in 7,446,937 (8.566%) DIL shares.

On 20 April 2015, as part of normal on-market activity involving the purchase
and sale of DIL shares, First NZ Capital Securities Limited had a holding and
relevant interest in 60,000 (0.069%) DIL shares. On 21 April 2015 that
interest was reduced to 50,000 (0.057%) DIL shares following the sale of
10,000 shares on-market (for total consideration of $58,440).
As a result of these transactions, First NZ Capital Group Limited (which
includes the related body corporates, First NZ Capital Securities Limited and
Harbour Asset Management Limited), has, at the date of this notice, a
relevant interest in 7,496,937 (8.62%) DIL shares.

The interest was at the time inadvertently understated by 360 DIL shares as a
number was transposed - the holding was 6,547,513 (7.55%).

Details after relevant event

Details for: First NZ Capital Securities Limited Harbour Asset Management
Limited
Nature of relevant interest(s):   Beneficial owner of financial products As
fund manager, the power to exercise a right to vote attached to, and power to
acquire or dispose of, the products, under powers of investment contained in
investment management contracts with clients (the beneficial owners of the
products).
For that relevant interest - number held in class:
50,000 7,446,937
percentage held in class:
0.057%       8.566%

current registered holder of financial products: 5,355 - unknown,

44,645 - First NZ Capital Securities Limited
39,839 - unknown,

7,407,098 - various nominee companies on behalf of clients as beneficial
owners.
registered holder of financial products once transfer is registered: First NZ
Capital Securities Limited

No relevant agreement needs to be attached under regulation 139. Various
nominee companies on behalf of clients as beneficial owners.

No relevant agreement needs to be attached under regulation 139.

Additional information
Address(es) of substantial product holder(s): Level 14, 171 Featherston
Street, Wellington
Contact details:  Richard Bodman, + 64 4 474 4017, [email protected]

Nature of connection between substantial product holders:  First NZ Capital
Group Limited, First NZ Capital Securities Limited and Harbour Asset
Management Limited are related bodies corporate.

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: None

Certification
I, Richard William Bodman, 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:00263390 For:DIL    Type:SSH        Time:2015-04-22 08:30:57