ERD
23/12/2015 13:04
SSH
NOT PRICE SENSITIVE
REL: 1304 HRS EROAD Limited
SSH: ERD: SSH: ERD: SPH Notice - Brian Michie (corrected)
EROAD Limited has identified a number of typographical errors in the
substantial product holder notice that was released this morning. The
attached notice has been corrected to remove those errors.
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 EROAD Limited
Relevant event being disclosed: Change in nature of relevant interest
Date of relevant event: 22 December 2015
Date this disclosure made: 23 December 2015
Date last disclosure made: 8 December 2015
Substantial product holder(s) giving disclosure
Full name(s): EROAD Limited
Summary of substantial holding
Class of quoted voting products: Ordinary Shares (NZX code: ERD)
Summary for EROAD Limited
For this disclosure,--
(a) total number held in class: 18,801,271
(b) total in class: 60,168,864
(c) total percentage held in class: 31.248%
For last disclosure,--
(a) total number held in class: 18,801,271
(b) total in class: 60,168,864
(c) total percentage held in class: 31.248%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure: On22
December 2015, EROAD Limited (EROAD) entered into a restricted security
agreement (5 pages, attached) with Brian Michie in connection with his
resignation from EROAD effective 31 March 2016 that an extended escrow period
would apply to EROAD ordinary shares held by Brian Michie in accordance with
a restricted security agreement dated 17 July 2014, being 1,756,372 shares
(the Escrowed Shares).
Under the terms agreed, EROAD has the power to control the disposition of the
Escrowed Shares, as Brian Michie (the Escrowed Shareholder) has agreed not to
sell or otherwise dispose of or do or omit to do anything which could have
the effect of transferring effective ownership or control of any Escrowed
Shares until:
o as to one third of the Escrowed Shares, 1 April 2016;
o as to a further one third of the Escrowed Shares, 1 October 2016; and
o as to the final one third of the Escrowed Shares, 1 April 2017,
subject to limited exclusions.
EROAD and the Escrowed Shareholder have agreed that the escrow terms outlined
above will apply to the Escrowed Shares to the exclusion of those set out in
the restricted security agreement dated 17 July 2014 to which Brian Michie is
already a party in relation to the Escrowed Shares.
Details after relevant event
Details for EROAD Limited
Nature of relevant interest(s): Power to control the disposition of shares.
For that relevant interest,--
(a) number held in class: 18,801,271
(b) percentage held in class: 31.248%
(c) current registered holder(s): See attached schedule
(d) registered holder(s) once transfers are registered: not applicable
For a derivative relevant interest, also--
(a) type of derivative: not applicable
(b) details of derivative: not applicable
(c) parties to the derivative: not applicable
(d) if the substantial product holder is not a party to the derivative, the
nature of the relevant interest in the derivative: not applicable
Additional information
Address(es) of substantial product holder(s): 260 Oteha Valley Road, Albany,
Auckland, 0632, New Zealand
Contact details: Steven Newman, Email: [email protected], Phone: +64
9 415 15 65
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: Not
applicable
Certification
I, Steven Newman, 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.
Schedule: Registered Holders
Afifa Chida 1,831 shares
Lowelly PTY Ltd ATF Lowelly Superannuation Fund 106,189 shares
Amanda Tunstall 4,576 shares
Mark Simpson and Sharyn Simpson 60,659 shares
Amarda Trustee Limited 10,984 shares
Matthew Dorfman 23,800 shares
Andras Lipoth 3,662 shares
Matthew John Bates 732 shares
Anthony Gibson 426,531 shares
Michael Bushby 18,665 shares
Anthony Lombardo 549 shares
Michael Swarbrick 57,755 shares
Aparna Gopalakrishnan 732 shares
Nigel Gray 3,662 shares
Brian Edward Michie 1,756,372 shares
Nina Elter 4,393 shares
Bruce Wilson, Stephanie Wilson and SW Trust Services (Thirteen) Limited
368,112 shares
NMC Trustees Limited 12,799,355 shares
Candace Nicole Kinser and Kinser Trustee Ltd 29,651 shares
Paul Hewlett 10,984 shares
Charles Rillstone 578 shares
Paul Sinclair 7,323 shares
Cherie Murray 2,928 shares
Rebecca Lal 549 shares
Christopher Michael Solomon 4,331 shares
Rebecca McKaskell 1,648 shares
Clifford Burgess 1,831 shares
Sara Goessi 3,662shares
Craig Playfair 4,331 shares
Sarah Farmiloe 2,197 shares
David and Joanne Morton 3,662 shares
Scott Daniels 720 shares
Denys Tyshetskyy 575 shares
Sean Hope 3,662 shares
Fay Parsons 2,892shares
Shellie Highsted 2,745 shares
Gareth Davies 549 shares
SLK Asset Management Limited 463,196 shares
Gareth Robins 3,662 shares
Soona Lee 915 shares
Georgina Simmons 549 shares
Sophie Blyth 879 shares
Guy Hocquard 1,831shares
Stefanie Smith 549 shares
HGM Services Limited 7,221 shares
Steve Morello 3,662 shares
Ingrid Warwood 2,888 shares
SW Trust Services (Twelve) Limited 1,903,879 shares
Jarred Clayton 327,421 shares
Tim Power 14,647 shares
Jennifer Doreen Leybourne 4,906 shares
Tony and Vanessa McNaught 37,532 shares
John Duneas 18,308shares
Travis Dunn 23,800 shares
John. A. A. Opiola 5,492 shares
EROAD LTI Trustee Limited 222,432 shares
Jonathan Morgan 732 shares
Ying Wang 5,492 shares
Jordan Hagan 15,013 shares
Yll Murati 2,888 shares
End CA:00275684 For:ERD Type:SSH Time:2015-12-23 13:04:35
