SUM summerset group holdings limited

Ann: SSH: SUM: SSH (Quadrant)

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    SUM
    22/03/2013 14:12
    SSH
    
    REL: 1412 HRS Summerset Group Holdings Limited
    
    SSH: SUM: SSH (Quadrant)
    
    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 of 1% or more in
    substantial holding
    
    Date of relevant event: 22 March 2013
    
    To: NZX Limited
    And: Summerset Group Holdings Limited
    Date this disclosure made: 22 March 2013
    Date last disclosure made: 18 March 2013
    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: 80,761,132
    (b) total in class: 215,918,535
    (c) total percentage held in class: 37.404%
    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: 58,153,206
    (b) total in class: 215,918,535
    (c) total percentage held in class: 26.933%
    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: 29,076,603
    (b) total in class: 215,918,535
    (c) total percentage held in class: 13.466%
    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: 29,076,603
    (b) total in class: 215,918,535
    (c) total percentage held in class: 13.466%
    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: 22,607,926
    (b) total in class: 215,918,535
    (c) total percentage held in class: 10.471%
    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: 11,280,858
    (b) total in class: 215,918,535
    (c) total percentage held in class: 5.225%
    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: 7,615,256
    (b) total in class: 215,918,535
    (c) total percentage held in class: 3.527%
    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
    Pursuant to the Summerset Group Holdings Limited Dividend Reinvestment Plan,
    a total of 935,137 ordinary shares were issued on 20 March 2013 to Quadrant
    shareholders that elected to participate in the Dividend Reinvestment Plan.
    On 22 March 2013, completion of the transaction described in the letter
    agreement of 16 March 2013 between UBS New Zealand and QPE Funds Management
    Pty Limited occurred. Under this agreement, QPE Funds Management Pty Limited,
    as manager of various funds that have beneficial interests in shares in
    Summerset Group Holdings Limited, agreed to sell 40,000,000 shares in
    Summerset Group Holdings Limited at $2.42 per share.
    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:  80,761,132
    (b) percentage held in class:  37.404%
    (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: Perpetual
    Trustee Company Limited and QPE Co-Investment Pty Limited
    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:  58,153,206
    (b) percentage held in class:  26.933%
    (c) current registered holder(s) of securities:  Perpetual Trustee Company
    Limited
    (d) registered holder(s) of securities once transfers registered:  Perpetual
    Trustee Company Limited
    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:  29,076,603
    (b) percentage held in class:  13.466%
    (c) current registered holder(s) of securities:  Perpetual Trustee Company
    Limited
    (d) registered holder(s) of securities once transfers registered:  Perpetual
    Trustee Company Limited
    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:  29,076,603
    (b) percentage held in class:  13.466%
    (c) current registered holder(s) of securities:  Perpetual Trustee Company
    Limited
    (d) registered holder(s) of securities once transfers registered:  Perpetual
    Trustee Company Limited
    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:  22,607,926
    (b) percentage held in class:  10.471%
    (c) current registered holder(s) of securities:  QPE Co-Investment Pty
    Limited
    (d) registered holder(s) of securities once transfers registered:  QPE
    Co-Investment Pty Limited
    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:  11,280,858
    (b) percentage held in class:  5.225%
    (c) current registered holder(s) of securities:  QPE Co-Investment Pty
    Limited
    (d) registered holder(s) of securities once transfers registered:  QPE
    Co-Investment Pty Limited
    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:  7,615,256
    (b) percentage held in class:  3.527%
    (c) current registered holder(s) of securities:  QPE Co-Investment Pty
    Limited
    (d) registered holder(s) of securities once transfers registered:  QPE
    Co-Investment Pty Limited
    
    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:00234459 For:SUM    Type:SSH        Time:2013-03-22 14:12:48
    				
 
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