Ann: SSH: SUM: SSH (Milford Asset Management Limited)

• Release Date: 01/09/14 15:12
• Summary: SSH: SUM: SSH (Milford Asset Management Limited)
• Price Sensitive: No
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					SUM
01/09/2014 15:12
SSH

REL: 1512 HRS Summerset Group Holdings Limited

SSH: SUM: SSH (Milford Asset Management Limited)

Disclosure of movement of 1% or more in substantial holding or change in
nature of relevant interest or both
Section 23 and 24, Securities Markets Act 1988

Relevant event being disclosed: Change in nature of relevant interest
Date of relevant event: 29th August 2014
To: The New Zealand Stock Exchange
And: Summerset Group Holdings Limited
Date this disclosure made: 1st September 2014
Date last disclosure made: 27th May 2014
Substantial security holder(s) giving disclosure
Name(s): Milford Asset Management Limited
Contact details: Mark Ryland, Risk and Compliance Manager, contact:
(09) 921 4709
E-mail: [email protected]

Summary of substantial holding to which disclosure relates
Class of listed voting securities: Ordinary Share
Summary for: Milford Asset Management Limited
For this disclosure, --
(a) total number held in class: 14,484,077
(b) total in class:  217,297,181
(c) total percentage held in class: 6.67% (note, relevant interests held by
the manager as follows):
Milford Active Growth Wholesale Fund (2.57%), (Custodian - TEA Custodians),
NZ Equities Wholesale Fund (1.76%), (Custodian - TEA Custodians),
Waikato Community Trust (0.14%), (Custodian - TEA Custodians),
New Zealand Superannuation Fund (1.53%), (Custodian - New Zealand
Superannuation Fund Nominees Limited),
Mercer Trans-Tasman Shares Trust (0.67%), (Custodian - BNP Paribas Securities
Limited).

For the last disclosure,--
(a) total number held in class: 12,275,148
(b) total in class:  217,297,181
(c) total percentage held in class: 5.65% (note, relevant interests held by
the manager as follows):
Milford Active Growth Wholesale Fund (2.57%), (Custodian - TEA Custodians),
NZ Equities Wholesale Fund (1.25%), (Custodian - TEA Custodians),
Trust Investments Sustainable NZ Share Fund (0.15%), (Custodian - TEA
Custodians),
Waikato Community Trust (0.10%), (Custodian - TEA Custodians),
New Zealand Superannuation Fund (1.13%), (Custodian - New Zealand
Superannuation Fund Nominees Limited),
Mercer Trans-Tasman Shares Trust (0.45%), (Custodian - BNP Paribas Securities
Limited).

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:  Milford Asset Management Limited undertook the
below on market transactions, in addition to a transfer of  285,391 shares to
a 3rd party manager on the 30th June 2014
BUY/ SELL UNITS  VALUE  DATE
SELL -     250,000 -   864,897.50 17-Jun-14
SELL -     493,433 -      1,691,225.48 20-Jun-14
BUY       300,000        1,023,059.99 3-Jul-14
BUY         85,548     293,238.06 4-Jul-14
BUY       407,545        1,365,906.72 8-Jul-14
BUY         45,000     145,094.46 11-Jul-14
SELL -     458,900 -      1,489,389.52 16-Jul-14
SELL -     500,000 -      1,551,446.53 1-Aug-14
BUY       565,000        1,639,686.04 12-Aug-14
BUY       230,000     673,614.79 13-Aug-14
BUY       325,000     943,344.91 14-Aug-14
BUY         32,500       92,493.15 19-Aug-14
BUY         35,000     101,170.56 20-Aug-14
BUY         15,000       43,243.20 25-Aug-14
BUY   1,542,615        4,486,705.89 27-Aug-14
BUY       385,000        1,158,065.62 28-Aug-14
BUY       228,445    684,945.57 29-Aug-14

Additional information
Nature of connection between substantial security holders: NA
Address(es) of substantial security holder(s): Milford Asset Management
Limited,  Level 17, 41 Shortland Street, Auckland 1140, 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: NA
Declaration
I, Mark Ryland 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:00254678 For:SUM    Type:SSH        Time:2014-09-01 15:12:31