Ann: SSH: PGC: SSH Notice - (Australasian Equity

• Release Date: 23/03/12 14:09
• Summary: SSH: PGC: SSH Notice - (Australasian Equity Partners Fund No. 1 LP)
• Price Sensitive: No
• Download Document  3.51KB

					

PGC
23/03/2012 12:09
SSH

REL: 1209 HRS Pyne Gould Corporation Limited

SSH: PGC: SSH Notice - (Australasian Equity Partners Fund No. 1 LP)

Relevant event being disclosed: Movement of 1% or more in substantial holding

Date of relevant event:  23 March 2012
To:  NZX Limited
And:  Pyne Gould Corporation Limited (PGC)
Date this disclosure made:  23 March 2012
Date last disclosure made:  6 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: 158,179,337
(b) total in class: 216,629,610
(c) total percentage held in class:  73.02%

For last disclosure,--

(a) total number held in class:  155,126,593
(b) total in class:  216,629,610
(c) total percentage held in class:  71.61%

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 6 March 2012 and 22 March 2012 (inclusive), a number of PGC
shareholders accepted the Offer, resulting in AEP acquiring a relevant
interest in a further 3,052,744 ordinary shares in PGC for an aggregate price
of $1,129,515.28 (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, 158,179,337 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: 158,179,337
(b) percentage held in class: 73.02%
(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:00221092 For:PGC    Type:SSH        Time:2012-03-23 12:09:58