PGC
29/03/2012 17:11
SSH
REL: 1711 HRS Pyne Gould Corporation Limited
SSH: PGC: SSH - Australasian Equity Partners Fund No. 1 LP (AEP)
Relevant event being disclosed: Movement of 1% or more in substantial holding
Date of relevant event: 29 March 2012
To: NZX Limited
And: Pyne Gould Corporation Limited (PGC)
Date this disclosure made: 29 March 2012
Date last disclosure made: 23 March 2012
Substantial security holder(s) giving disclosure
Name(s): Australasian Equity Partners Fund No. 1 LP (AEP)
Contact details: Bell Gully? Level 22? Vero Centre? 48 Shortland
Street? Auckland
Contact name for queries: James Gibson / James Cooney
Telephone number: +64 9 916 8962 / +64 9 916 8620
Email: [email protected] / [email protected]
Summary of substantial holding to which disclosure relates
Class of listed voting securities: Fully paid ordinary shares in PGC
Summary for AEP
For this disclosure,--
(a) total number held in class: 160,703,020
(b) total in class: 216,629,610
(c) total percentage held in class: 74.18%
For last disclosure,--
(a) total number held in class: 158,179,337
(b) total in class: 216,629,610
(c) total percentage held in class: 73.02%
Details of transactions and events giving rise to relevant event
On 3 November 2011, AEP made a full cash takeover offer under the Takeovers
Code to acquire all of the ordinary shares in PGC (the Offer).
Between 23 March 2012 and 29 March 2012 (inclusive), a number of PGC
shareholders accepted the Offer, resulting in AEP acquiring a relevant
interest in a further 2,523,683 ordinary shares in PGC for an aggregate price
of $933,762.71 (reflecting the revised Offer price of 37 cents per share).
As at the time of filing this notice, AEP has received acceptances under the
Offer in respect of, in aggregate, 160,703,020 ordinary shares in AEP.
Details of relevant interests in substantial holding after relevant event
Details for AEP
Nature of relevant interest(s): Registered holder and beneficial owner of
securities conditional on the Offer becoming unconditional in all respects.
A copy of the Offer Document dated 3 November 2011 in relation to the Offer
(which sets out the conditions of the Offer) was copied to NZX on 3 November
2011. The increase in the offer price for the Offer to 37 cents per share
was announced to NZX on 17 November 2011.
For that relevant interest,--
(a) number held in class: 160,703,020
(b) percentage held in class: 74.18%
(c) current registered holder(s) of securities: AEP
(d) registered holder(s) of securities once transfers registered: AEP
Additional information
George Charles Desmond Kerr is a director of PGC. He is also the sole
director of the general partner of AEP (Australasian Equity Partners (GP) No.
1 Limited).
Address(es) of substantial security holder(s): c/o Bell Gully, Level 22, 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: N/A
Declaration
I, George Charles Desmond Kerr, 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.
_______________________________?George Charles Desmond
Kerr?Director?Australasian Equity Partners (GP) No. 1 Limited, ?as general
partner on behalf of ?Australasian Equity Partners Fund No. 1 LP
End CA:00221337 For:PGC Type:SSH Time:2012-03-29 17:11:22
