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- Release Date: 08/11/12 18:47
- Summary: SSH: SKT: SSH Notice - (Todd Communications Limited)
- Price Sensitive: No
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SKT
08/11/2012 16:47
SSH
REL: 1647 HRS Sky Network Television Limited
SSH: SKT: SSH Notice - (Todd Communications Limited)
Securities Markets (Substantial Security Holders) Regulations 2007
FORM 3
(Section 25, Securities Markets Act 1988)
DISCLOSURE OF CEASING TO HAVE SUBSTANTIAL HOLDING
Relevant event being disclosed: Ceasing to have a substantial holding
Date of relevant event: 8 November 2012
TO: NZX Limited
AND: Sky Network Television Limited (SKT)
Date this disclosure made: 8 November 2012
Date last disclosure made 2 November 2012
Substantial security holder(s) giving disclosure
Name(s): Todd Communications Limited ("TCL")
Contact details: Chris Morrison
Investment Manager, Todd Corporation
Tel: +64 4 472 2970
Date on which substantial security holder ceased to have substantial holding:
8 November 2012
Summary of previous substantial holding to which disclosure relates
Class of listed voting securities: Ordinary Shares
Summary for: Todd Communications Limited
For last disclosure:
(a) total number held in class: 43,220,277
(b) total in class: 389,139,785
(c) total percentage held in class: 11.11%
For current holding after ceasing to have substantial holding:
(a) total number held in class: 0
(b) total in class: 389,139,785
(c) total percentage held in class: 0%
Details of transaction and events giving rise to person ceasing to have
substantial holding
Pursuant to an agreement between TCL and Credit Suisse (Australia) Limited
("Credit Suisse") dated 1 November 2012, Credit Suisse agreed to purchase all
of TCL's shareholding in SKT. The shares were sold at a price of $5.05 per
share. Settlement of the sale occurred on 8 November 2012.
Additional information
Nature of connection between substantial security holders: N/A
Address of substantial security holder: Level 14, 95 Customhouse Quay,
Wellington, New Zealand
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: Unknown
Declaration
I, Chris Morrison, Investment Manager for Todd Corporation (the parent
company of Todd Communications Limited) 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:00229505 For:SKT Type:SSH Time:2012-11-08 16:47:48
