- Release Date: 26/02/13 10:45
- Summary: SSH: SUM: SSH Notices (Quadrant Entities)
- Price Sensitive: No
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SUM 26/02/2013 08:45 SSH REL: 0845 HRS Summerset Group Holdings Limited SSH: SUM: SSH Notices (Quadrant Entities) 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: Change in nature of relevant interest Date of relevant event: 26 February 2013 To: NZX Limited And: Summerset Group Holdings Limited Date this disclosure made: 26 February 2013 Date last disclosure made: 1 November 2011 Substantial security holder(s) giving disclosure Name(s): QPE Funds Management Pty Limited, Perpetual Trustee Company Limited, Quadrant Private Equity Services No. 2 Pty Limited, Quadrant Private Equity Management No. 2 Pty Limited, QPE Co-Investment Pty Limited, The Macquarie Summerset Co-Investment Trust and The Quay Summerset Co-Investment Trust Contact details: Andrew Gilman [email protected] +61 2 9221 3044 Summary of substantial holding to which disclosure relates Class of listed voting securities: Ordinary shares Summary for QPE Funds Management Pty Limited For this disclosure,-- (a) total number held in class: 119,825,995 (b) total in class: 214,819,360 (c) total percentage held in class: 55.780% For last disclosure,-- (a) total number held in class: 119,825,995 (b) total in class: 214,819,360 (c) total percentage held in class: 55.780% Summary for Perpetual Trustee Company Limited For this disclosure,-- (a) total number held in class: 86,233,724 (b) total in class: 214,819,360 (c) total percentage held in class: 40.142% For last disclosure,-- (a) total number held in class: 86,233,724 (b) total in class: 214,819,360 (c) total percentage held in class: 40.142% Summary for Quadrant Private Equity Services No. 2 Pty Limited For this disclosure,-- (a) total number held in class: 43,116,862 (b) total in class: 214,819,360 (c) total percentage held in class: 20.071% For last disclosure,-- (a) total number held in class: 43,116,862 (b) total in class: 214,819,360 (c) total percentage held in class: 20.071% Summary for Quadrant Private Equity Management No. 2 Pty Limited For this disclosure,-- (a) total number held in class: 43,116,862 (b) total in class: 214,819,360 (c) total percentage held in class: 20.071% For last disclosure,-- (a) total number held in class: 43,116,862 (b) total in class: 214,819,360 (c) total percentage held in class: 20.071% Summary for QPE Co-Investment Pty Limited For this disclosure,-- (a) total number held in class: 33,592,271 (b) total in class: 214,819,360 (c) total percentage held in class: 15.637% For last disclosure,-- (a) total number held in class: 33,592,271 (b) total in class: 214,819,360 (c) total percentage held in class: 15.637% Summary for The Macquarie Summerset Co-Investment Trust For this disclosure,-- (a) total number held in class: 16,728,062 (b) total in class: 214,819,360 (c) total percentage held in class: 7.787% For last disclosure,-- (a) total number held in class: 16,728,062 (b) total in class: 214,819,360 (c) total percentage held in class: 7.787% Summary for The Quay Summerset Co-Investment Trust For this disclosure,-- (a) total number held in class: 11,292,446 (b) total in class: 214,819,360 (c) total percentage held in class: 5.256% For last disclosure,-- (a) total number held in class: 11,292,446 (b) total in class: 214,819,360 (c) total percentage held in class: 5.256% Details of transactions and events giving rise to relevant event Following the listing of Summerset Group Holdings Limited, each of Perpetual Trustee Company Limited (as custodian for Quadrant Private Equity No. 2 Pty Limited and Quadrant Private Equity Management No. 2 Pty Limited), QPE Funds Management Pty Limited, QPE Co-Investment Pty Limited, Norah Barlow and Robert Barlow, Paul Morris and Clive Morris, Julian Bradwell Cook, Tristan Saunders and Medical Technologies Corporate Trustees Limited unconditionally and irrevocably undertook to Summerset Group Holdings Limited, NZX Limited and the Non-Interested Directors (as defined in the Escrow Deed filed on 1 November 2011) not to sell, transfer, assign or otherwise dispose of the legal or beneficial ownership of the shares in Summerset Group Holdings Limited held by them for the period from 1 November 2011 to the day after the date that Summerset Group Holdings Limited releases to NZX its financial results for the financial year ending 31 December 2012 without the prior written approval of Summerset Group Holdings Limited, NZX Limited and the Non-Interested Directors. The total number of ordinary shares subject to the Escrow Deed was 124,097,647. The restricted period under the Escrow Deed ended on 26 February 2013 and accordingly the shares referred to above are no longer qualified by the undertakings in the Escrow Deed. Details of relevant interests in substantial holding after relevant event Details for QPE Funds Management Pty Limited Nature of relevant interest(s): QPE Funds Management Pty Limited is the manager of the various funds that have beneficial interests in shares in Summerset Group Holdings Limited. Pursuant to the relevant investment management contracts under which QPE Funds Management Pty Limited is appointed as manager, it has the power to exercise, or to control the exercise of, the rights to vote attached to such shares and the power to acquire or dispose of, or control the acquisition or disposition of such shares. QPE Funds Management Pty Limited's relevant interest only arises due to these investment management contracts, and beneficial ownership of the relevant shares is held by the various funds. QPE Funds Management Pty Limited's ordinary business consists of the provision of investment management services including the investment of other persons' funds. Accordingly, the exemption in regulation 14 of the Securities Markets (Substantial Security Holders) Regulations 2007 applies and no relevant agreement document is attached. For that relevant interest,-- (a) number held in class: 119,825,995 (b) percentage held in class: 55.780% (c) current registered holder(s) of securities: Perpetual Trustee Company Limited and QPE Co-Investment Pty Limited (d) registered holder(s) of securities once transfers registered: not applicable Details for Perpetual Trustee Company Limited Nature of relevant interest(s): Registered holder of shares in Summerset Group Holdings Limited which are held by Perpetual Trustee Company Limited as custodian for Quadrant Private Equity Services No. 2 Pty Limited and Quadrant Private Equity Management No. 2 Pty Limited. For that relevant interest,-- (a) number held in class: 86,233,724 (b) percentage held in class: 40.142% (c) current registered holder(s) of securities: Perpetual Trustee Company Limited (d) registered holder(s) of securities once transfers registered: not applicable Details for Quadrant Private Equity Services No. 2 Pty Limited as trustee of Quadrant Private Equity No.2A Nature of relevant interest(s): Beneficial owner of shares in Summerset Group Holdings Limited which are held by Quadrant Private Equity Services No. 2 Pty Limited as trustee for Quadrant Private Equity No.2A. For that relevant interest,-- (a) number held in class: 43,116,862 (b) percentage held in class: 20.071% (c) current registered holder(s) of securities: Perpetual Trustee Company Limited (d) registered holder(s) of securities once transfers registered: not applicable Details for Quadrant Private Equity Management No. 2 Pty Limited as trustee of Quadrant Private Equity No.2B Nature of relevant interest(s): Beneficial owner of shares in Summerset Group Holdings Limited which are held by Quadrant Private Equity Management No. 2 Pty Limited as trustee for Quadrant Private Equity No.2B. For that relevant interest,-- (a) number held in class: 43,116,862 (b) percentage held in class: 20.071% (c) current registered holder(s) of securities: Perpetual Trustee Company Limited (d) registered holder(s) of securities once transfers registered: not applicable Details for QPE Co-Investment Pty Limited Nature of relevant interest(s): Registered holder of shares in Summerset Group Holdings Limited which are held by QPE Co-Investment Pty Limited as trustee for The Macquarie Summerset Co-Investment Trust, The Quay Summerset Co-Investment Trust and The WPMA2 Summerset Co-Investment Trust. For that relevant interest,-- (a) number held in class: 33,592,271 (b) percentage held in class: 15.637% (c) current registered holder(s) of securities: QPE Co-Investment Pty Limited (d) registered holder(s) of securities once transfers registered: not applicable Details for The Macquarie Summerset Co-Investment Trust Nature of relevant interest(s): Beneficial owner of shares in Summerset Group Holdings Limited. For that relevant interest,-- (a) number held in class: 16,728,062 (b) percentage held in class: 7.787% (c) current registered holder(s) of securities: QPE Co-Investment Pty Limited (d) registered holder(s) of securities once transfers registered: not applicable Details for The Quay Summerset Co-Investment Trust Nature of relevant interest(s): Beneficial owner of shares in Summerset Group Holdings Limited. For that relevant interest,-- (a) number held in class: 11,292,446 (b) percentage held in class: 5.256% (c) current registered holder(s) of securities: QPE Co-Investment Pty Limited (d) registered holder(s) of securities once transfers registered: not applicable Additional information Nature of connection between substantial security holders: Perpetual Trustee Company Limited holds shares in Summerset Group Holdings Limited as custodian for Quadrant Private Equity Services No. 2 Pty Limited and Quadrant Private Equity Management No. 2 Pty Limited. QPE Co-Investment Limited holds shares in Summerset Group Holdings Limited as trustee for The Macquarie Summerset Co-Investment Trust, The Quay Summerset Co-Investment Trust and The WPMA2 Summerset Co-Investment Trust. QPE Funds Management Pty Limited is the manager of the various funds that hold shares in Summerset Group Holdings Limited. Address(es) of substantial security holder(s): C/o- Quadrant Private Equity Level 30, Deutsche Bank Place 126 Phillip Street Sydney, NSW 200 Australia 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: Summerset Group Holdings Limited Declaration I, Andrew Gilman, 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:00233434 For:SUM Type:SSH Time:2013-02-26 08:45:49
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