NZR
28/05/2015 09:21
SSH
NOT PRICE SENSITIVE
REL: 0921 HRS The New Zealand Refining Company Limited
SSH: NZR: SSH Notice - Deutsche Craigs Limited
Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
To NZX Limited
and
To The New Zealand Refining Company Limited
Date this disclosure made: 27 May 2015
Date on which substantial holding began: 27 May 2015
Substantial product holder(s) giving disclosure
Full name(s): Deutsche Craigs Limited
Summary of substantial holding
Class of quoted voting products: Ordinary Shares (NZX code: NZR)
Summary for Deutsche Craigs Limited
For this disclosure,--
(a) total number held in class: 35,534,905
(b) total in class: 312,576,453
(c) total percentage held in class: 11.368%
Details of relevant interests
Details for Deutsche Craigs Limited
Nature of relevant interest(s): On 27 May 2015, Deutsche Craigs Limited
entered into a block trade agreement (23 pages, attached) with Chevron New
Zealand, under which Deutsche Craigs Limited has agreed to procure the sale
of Chevron New Zealand's shares for at least $2.32 per share (and to
underwrite the sale by buying any unsold shares). Accordingly, Deutsche
Craigs Limited has acquired a relevant interest being the power to acquire or
dispose of, or to control the acquisition or disposition of the shares in The
New Zealand Refining Company Limited held by Chevron New Zealand.
For that relevant interest,--
(a) number held in class: 35,534,905
(b) percentage held in class: 11.368%
(c) current registered holder(s): Chevron New Zealand
(d) registered holder(s) once transfers are registered: unknown
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
Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure: On 27 May
2015, Deutsche Craigs Limited entered into a block trade agreement with
Chevron New Zealand, under which Deutsche Craigs Limited has agreed to
procure the sale of the shares in The New Zealand Refining Company Limited
held by Chevron New Zealand for at least $2.32 per share (and to underwrite
the sale by buying any unsold shares).
Additional information
Address(es) of substantial product holder(s): Level 36, Vero Centre, 48
Shortland Street, Auckland 1010, New Zealand
Contact details: Jennifer Martin, [email protected], +64 9
926 9541
Certification
I, Jennifer Martin, 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:00264925 For:NZR Type:SSH Time:2015-05-28 09:21:05
