SAN
07/03/2016 16:33
SSH
NOT PRICE SENSITIVE
REL: 1633 HRS Sanford Limited
SSH: SAN: SSH Notice - Avalon Investment Trust Limited
Disclosure of movement of 1% or more in substantial holding or change in
nature of relevant interest or both
Sections 277 and 278, Financial Markets Conduct Act 2013
To: New Zealand Exchange Limited
And: Sanford Limited
Relevant event being disclosed: Movement of 1% or more in substantial holding
Date of relevant event: 4 March 2016
Date this disclosure made: 7 March 2016
Date last disclosure made: 2 October 2015
Substantial product holder(s) giving disclosure
Name(s): Avalon Investment Trust Limited
Summary of substantial holding to which disclosure relates
Class of quoted voting products: Ordinary shares
Summary for: Avalon Investment Trust Limited
For this disclosure,--
(a) total number held in class: 8,606,054 ordinary shares
(b) total in class: 93,626,735 ordinary shares (excluding treasury stock)
(c) total percentage held in class: 9.192%.
For last disclosure,--
(a) total number held in class: 12,993,554 ordinary shares
(b) total in class: 93,626,735 ordinary shares (excluding treasury stock)
(c) total percentage held in class: 13.878%.
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:
Date of the transaction: 4 March 2016
Nature of transaction: Sale of ordinary shares
Name of other parties to transaction: Maruha Nichiro Corporation, Maruha
(N.Z.) Corporation Limited
Consideration received for the transfer of shares: $25,008,750
Number of financial products to which the transaction related: 4,387,500
ordinary shares
Details after relevant event
Details for: Avalon Investment Trust Limited
Nature of relevant interest(s): registered holder and beneficial owner of the
financial products
For that relevant interest,--
(a) number held in class: 8,606,054 ordinary shares
(b) percentage held in class: 9.192%
(c) current registered holder(s) of securities: Avalon Investment Trust
Limited
(d) registered holder(s) of securities once transfers registered: No
change
Additional information
Address of substantial product holder: 40-42 Anzac Avenue, Auckland, New
Zealand
Contact details: Edgar William Preston
+64 9 367 0331
[email protected]
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, Edgar William Preston, Director, 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.
__________________________
Signature
End CA:00278902 For:SAN Type:SSH Time:2016-03-07 16:33:24
