- Release Date: 12/11/14 12:33
- Summary: SSH: SDL: SSH Notice - Nelson Siva
- Price Sensitive: No
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SDL 12/11/2014 12:33 SSH REL: 1233 HRS Solution Dynamics Limited SSH: SDL: SSH Notice - Nelson Siva Form 2 Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest or both Sections 23 and 24, Securities Markets Act 1988 Relevant event being disclosed: Disclosure of movement and change in nature of relevant interest Date of relevant event: [date of issue of options] To: NZX Limited And: Solution Dynamics Limited Date this disclosure made: 12 November 2014 Date last disclosure made: 3 April 2008 Substantial security holder(s) giving disclosure Name(s): Indrajit Nelson Sivasubramaniam (Nelson Siva) Contact details: Nelson Siva, 021 141 5027, [email protected] Summary of substantial holding to which disclosure relates Class of listed voting securities: ordinary shares in SDL Summary for: Nelson Siva For this disclosure,-- (a) total number held in class: up to a maximum of 1,070,000 ordinary shares in SDL (assuming that Nelson exercises all of the options) (b) total in class: (currently 14,059,810) but up to a maximum of 14,199,810 ordinary shares in SDL (assuming that Nelson exercises all of the options and no further ordinary shares in SDL are issued) (c) total percentage held in class: up to 7.54% assuming exercise of options See the note below concerning the changes to the number of shares on issue in SDL since 3 April 2008. For last disclosure,-- (a) total number held in class: 730,000 (b) total in class: 8,000,000 (c) total percentage held in class: 9.13% 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: The shareholders of SDL voted, at the Company's annual meeting on 23 October 2014, to approve the issue 140,000 share options that, upon exercise and payment of the exercise price, will entitle Nelson Siva to acquire up to 140,000 shares in the Company in the period between 20 March 2017 and 20 September 2018. Details of relevant interests in substantial holding after relevant event Details for: Nelson Siva Nature of relevant interest(s): legal/registered holder and beneficial owner of securities For that relevant interest,-- (a) number held in class: up to a maximum of 1,070,000 ordinary shares in SDL (assuming that Nelson Siva exercises all of the options and no further ordinary shares in SDL are issued) (b) percentage held in class: up to 7.54% assuming exercise of all of the options (c) current registered holder(s) of securities: N/A (d) registered holder(s) of securities once transfers registered: Three holdings: Indrajit Nelson Sivasubramaniam, Tracey Lee Sivasubramaniam and Kathirgama Siva as trustees of the [name of trust] Trust 730,000 ordinary shares Indrajit Nelson Sivasubramaniam (Nelson Siva) 140,000 options to acquire ordinary shares Siva Trustee Limited 300,000 ordinary shares Note: Since the last disclosure was made on 3 April 2008, SDL has increased the number of shares on issue on 5 occasions and on only one of those occasions (the pro rata rights issue in April 2011) has Nelson Siva increased his holding - by taking up 200,000 ordinary shares. Additional information Nature of connection between substantial security holders: N/A Address(es) of substantial security holder(s): Nelson Siva, 65 Lloyd Avenue, Mt Albert, Auckland, 1025 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, Nelson Siva, 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. ______________________ End CA:00257556 For:SDL Type:SSH Time:2014-11-12 12:33:24
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- Ann: SSH: SDL: SSH Notice - Nelson Siva
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