Ann: SSH: SKL: SSH - Nicholas Bagnall

• Release Date: 16/05/12 17:58
• Summary: SSH: SKL: SSH - Nicholas Bagnall
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SKL
16/05/2012 15:58
SSH

REL: 1558 HRS Skellerup Holdings Limited

SSH: SKL: SSH - Nicholas Bagnall

Disclosure of beginning to have substantial holding
Section 22, Securities Markets Act 1988

To: NZX Limited
And: Skellerup Holdings Ltd
Date this disclosure made:  16 May 2012
Substantial security holder(s) giving disclosure
Name(s):  Nicholas Bagnall
Contact details: Kym Nijsse +64 4 918 7067  [email protected]
Date on which substantial security holder(s) began to have substantial
holding: holdings at 14 May 2012
Summary of substantial holding to which disclosure relates
Class of listed voting securities:  Ordinary Shares
Summary for: Nicholas Bagnall
For this disclosure,--
(a) Total number held in class: 18,477,977
(b) Total in class: 192,805,807
(c) Total percentage held in class: 9.584%
Details of relevant interests in substantial holding after relevant event
Details for:
Nature of relevant interest(s): Nicholas Bagnall
Beneficial owner of securities under s 5 (1) (b) of the Securities Markets
Act
No relevant agreement document needs to be attached under regulation 11.
For that relevant interest,--
(a) Number held in class: 5,000
(b) Percentage held in class: 0.003%
(c) Current registered holder(s) of securities: 5,000 shares held by
Nicholas Bagnall either directly or indirectly
(d) Registered holder(s) of securities once transfers registered: n/a
Details for: Accident Compensation Corporation ("ACC")
Nature of relevant interest(s):
Qualified powers to exercise control of rights to vote and of acquisition or
disposal of some or all of the securities, of which the ACC is the beneficial
owner under s 5(1)(c)and 5 (1)(d) of the Securities Markets Act. Further to
regulation 11(2)(b), the material terms of this arrangement are that powers
are subject to ACC investment policies and the decisions of the ACC
Investment Committee.
For that relevant interest,
(a) Number held in class: 18,472,977
(b) Percentage held in class: 9.581%
(c) Current registered holder(s) of securities: 18,472,977 shares held by
ACC via New Zealand Central Securities Depository Limited (NZCSD)
(d) Registered holder(s) of securities once transfers registered: n/a
Details of transactions and events giving rise to person beginning to have
substantial holding
Details of the transactions or other events requiring disclosure under the
instructions to this form:
Purchase of 1,133,978 shares by ACC on the 25th August 2010 and the
aggregation of interests in securities held by Nicholas Bagnall and ACC. Net
purchases of 8,010,425 shares by ACC between the 25th August 2010 and 14th
May 2012.
Additional information
Nicholas Bagnall is an employee and portfolio manager for ACC. Under current
ACC investment policies, he has the discretion to exercise control over some
or all the rights to vote and acquisition or disposal of some or all of the
securities of which ACC is the beneficial owner
Address(es) of substantial security holder(s): ACC : Vogel Centre, 19 Aitken
Street, PO Box 242, Wellington 6140.
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, Nicholas Bagnall, 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:00222920 For:SKL    Type:SSH        Time:2012-05-16 15:58:27