- Release Date: 29/03/16 15:37
- Summary: SSH: SCL: SSH Notice - Guardians of New Zealand Superannuation
- Price Sensitive: No
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SCL 29/03/2016 15:37 SSH NOT PRICE SENSITIVE REL: 1537 HRS Scales Corporation Limited SSH: SCL: SSH Notice - Guardians of New Zealand Superannuation Disclosure of ceasing to have substantial holding Section 279, Financial Markets Conduct Act 2013 To NZX Limited and To Scales Corporation Limited Date this disclosure made: 29 March 2016 Date last disclosure made: 22 March 2016 Date on which substantial holding ceased: 29 March 2016 Substantial product holder(s) giving disclosure Full name(s): Guardians of New Zealand Superannuation as manager and administrator of the New Zealand Superannuation Fund (acting through their nominee NZSF Private Equity Investments (No 1) Limited) (Guardians) Summary of previous substantial holding Class of quoted voting products: Ordinary shares (NZX: SCL) Summary for Guardians For last disclosure,-- (a) total number held in class: 25,223,978 (b) total in class: 139,779,006 (c) total percentage held in class: 18.046% For current holding after ceasing to have substantial holding,-- (a) total number held in class: 0 (b) total in class: 139,779,006 (c) total percentage held in class: 0.000% Details of transactions and events giving rise to ceasing of substantial holding Details of the transactions or other events requiring disclosure: As described in the substantial product holder notice filed by Guardians on 22 March 2016, on 15 March 2016, Direct Capital Investments Limited agreed to sell 21,500,000 of its shares in Scales Corporation Limited to China Resources Ng Fung Limited or its nominee for $2.60 per share (including the shares Direct Capital Investments Limited was holding on behalf of Guardians as beneficial owner, as well as shares in which the Guardians had a deemed relevant interest). Settlement occurred on 29 March 2016. Additional information Address(es) of substantial product holder(s): Level 12, Zurich House, 21 Queen Street, Auckland 1010, New Zealand Contact details: Guardians of New Zealand Superannuation C/- Graeme Quigley Russell McVeagh Level 30 48 Shortland Street, Auckland Tel: +64 9 367 8000 Email: [email protected] Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: Direct Capital Investments Limited, Direct Capital IV Management Limited, Direct Capital IV GP Limited, DCIV-PII Delta Partnership (a partnership between Direct Capital IV Limited Partnership and Pohutukawa Delta Limited) and China Resources Ng Fung Limited or its nominee. Certification I, Graeme Quigley, solicitor to the Guardians of New Zealand Superannuation, 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:00279954 For:SCL Type:SSH Time:2016-03-29 15:37:14
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