LPC
19/09/2014 12:06
SSH
REL: 1206 HRS Lyttelton Port Company Limited (NS)
SSH: LPC: SSH Notice - Port Otago Limited
Disclosure of movement of 1% or more in substantial holding or change in
nature of relevant interest or both
Sections 23 and 24, Securities Markets Act 1988
Relevant event being disclosed: Change in nature of relevant interest
Date of relevant event: 19 September 2014
To: NZX Limited
And: Lyttelton Port Company Limited
Date this disclosure made: 19 September 2014
Date last disclosure made: 1 August 2014
Substantial security holder(s) giving disclosure
Name(s): Port Otago Limited
Contact details:
Nathanael Starrenburg, Tel: 09 921 4300, Email:
[email protected]
Summary of substantial holding to which disclosure relates
Class of listed voting securities: Ordinary Shares
Summary for: Port Otago Limited
For this disclosure,--
(a) total number held in class: 15,825,477
(b) total in class: 102,261,279
(c) total percentage held in class: 15.476%
For last disclosure,--
(a) total number held in class: 15,825,477
(b) total in class: 102,261,279
(c) total percentage held in class: 15.476%
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:
Port Otago Limited ("POL") has entered into a lock up agreement ("Lock Up
Agreement") with Christchurch City Holdings Limited ("CCHL") dated 1 August
2014 for POL to sell 15,825,477 ordinary shares in Lyttelton Port Company
Limited ("LPC") to CCHL pursuant to a full takeover offer to be made by CCHL
in accordance with the Takeovers Code. The consideration for the sale of the
shares was to be cash of $3.95 per LPC share. The Lock Up Agreement was
attached to a substantial security holder notice released by POL on 1 August
2014.
CCHL made the full takeover offer in accordance with the Takeovers Code on 25
August 2014 and POL accepted the offer for all of its shares in LPC (being
15,825,477 ordinary shares) on 19 September 2014.
Details of relevant interests in substantial holding after relevant event
Details for Port Otago Limited
Nature of relevant interest(s): Registered holder and beneficial owner of
securities, provided that those securities have now been accepted into a full
takeover offer from CCHL (which offer remains subject to conditions).
For that relevant interest,--
(a) number held in class: 15,825,477
(b) percentage held in class: 15.476%
(c) current registered holder(s) of securities: Port Otago Limited
(d) registered holder(s) of securities once transfers registered:
Christchurch City Holdings Limited
Additional information
Nature of connection between substantial security holders: None
Address(es) of substantial security holder(s): Port Otago Limited, C/- Harmos
Horton Lusk Limited, Level 37, Vero Centre, 48 Shortland Street, Auckland
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: Christchurch City Holdings Limited
Declaration
I, Stephen Connolly, 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:00255449 For:LPC Type:SSH Time:2014-09-19 12:06:34
