NZR
06/03/2014 11:27
SSH
REL: 1127 HRS The New Zealand Refining Company Limited
SSH: NZR: SSH Notice - Accident Compensation Corporation ("ACC")
Disclosure of beginning to have substantial holding
Section 22, Securities Markets Act 1988
To: NZX Limited
And: The New Zealand Refining Company Limited
Date this disclosure made: 6 March 2014
Substantial security holder(s) giving disclosure
Name(s): Accident Compensation Corporation ("ACC")
Nicholas Bagnall, Blair Tallott, Paul Robertshawe, Blair Cooper, Jason
Lindsay, Jason Familton
Contact details: Matthew Cunliffe +64 4 816 5743
[email protected]
Date on which substantial security holder(s) began to have substantial
holding: 6 March 2014
Summary of substantial holding to which disclosure relates
Class of listed voting securities: Ordinary Shares
Summary for: Accident Compensation Corporation ("ACC")
Nicholas Bagnall, Blair Tallott, Paul Robertshawe, Blair Cooper, Jason
Lindsay, Jason Familton
For this disclosure,--
(a) Total number held in class: 17,370,866
(b) Total in class: 308,572,758
(c) Total percentage held in class: 5.629%
Details of relevant interests in substantial holding after relevant event
Details for: ACC
Nature of relevant interest(s):
Beneficial owner of securities under s 5 (1) (b) of the Securities Markets
Act
No relevant agreement document needs to be attached under regulation 11.
For that relevant interest,--
(a) Number held in class: 17,370,866
(b) Percentage held in class: 5.629%
(c) Current registered holder(s) of securities: ACC via New Zealand
Central Securities Depository Limited (NZCSD)
(d) Registered holder(s) of securities once transfers registered: unknown
Details for: Nicholas Bagnall, Blair Tallott, Paul Robertshawe, Blair
Cooper, Jason Lindsay, Jason Familton
Nature of relevant interest(s):
Qualified powers to exercise control of rights to vote and of acquisition or
disposal of some or all of the securities, of which the Accident Compensation
Corporation ("ACC") is the beneficial owner under s 5(1)(c)and 5 (1)(d) of
the Securities Markets Act. Further to regulation 11(2)(b), the material
terms of this arrangement are that powers are subject to ACC investment
policies and the decisions of the ACC Investment Committee.
For that relevant interest,
(a) Number held in class: 17,370,866
(b) Percentage held in class: 5.629%
(c) Current registered holder(s) of securities: held by ACC via New
Zealand Central Securities Depository Limited (NZCSD)
(d) Registered holder(s) of securities once transfers registered: unknown
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:
On Market purchase of 9,005,000 shares for net consideration of NZD
$15,128,908.90 as part of the institutional placement issued on the 6th March
2014.
Additional information
Nicholas Bagnall, Blair Tallott, Paul Robertshawe, Blair Cooper, Jason
Lindsay and Jason Familton are employees and portfolio managers or equity
analysts for ACC. Under current ACC investment policies, they have the
discretion to exercise control over some or all the rights to vote and
acquisition or disposal of some or all of the securities of which ACC is the
beneficial owner
Address(es) of substantial security holder(s): ACC : Justice Centre, 19
Aitken Street, PO Box 242, Wellington, NZ
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: n/a
Declaration
I, Matthew Cunliffe, 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:00247891 For:NZR Type:SSH Time:2014-03-06 11:27:09