- Release Date: 17/12/12 19:04
- Summary: SSH: TWR: SSH Notice-Accident Compensation Corporation ("ACC")
- Price Sensitive: No
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TWR 17/12/2012 17:04 SSH REL: 1704 HRS Tower Limited SSH: TWR: SSH Notice-Accident Compensation Corporation ("ACC") 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: Movement of 1% or more Date of relevant event: 14 December 2012 To: NZX Limited And: Tower Limited Date this disclosure made: 17 December 2012 Date last disclosure made: 5 November 2012 Substantial security holder(s) giving disclosure Name(s): Accident Compensation Corporation ("ACC") Nicholas Bagnall, Blair Tallott, Paul Robertshawe, Blair Cooper Contact details: Tim Agar +64 4 816 7045 [email protected] Summary of substantial holding to which disclosure relates Class of listed voting securities: Ordinary Shares Summary for: Accident Compensation Corporation ("ACC") Nicholas Bagnall, Blair Tallott, Paul Robertshawe, Blair Cooper. For this disclosure,-- (a) Total number held in class: 16,584,541 (b) Total in class: 269,091,094 (c) Total percentage held in class: 6.163% For last disclosure,-- (a) Total number held in class: 13,780,683 (b) Total in class: 269,091,094 (c) Total percentage held in class: 5.121% 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: Purchase of 200,000 shares for net consideration of NZD $361,080.00 on 14th December 2012. Details of relevant interests in substantial holding after relevant event Details for: ACC Nature of relevant interest(s): 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: 16,584,541 (b) Percentage held in class: 6.163% (c) Current registered holder(s) of securities: ACC holds 16,551,044 shares directly via New Zealand Central Securities Depository Limited (NZCSD) and 33,497 shares indirectly via JP Morgan Nominees Australia Ltd. (d) Registered holder(s) of securities once transfers registered: unknown Details for: Nicholas Bagnall, Blair Tallott, Paul Robertshawe, Blair Cooper. 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 Accident Compensation Corporation ("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: 16,584,541 (b) Percentage held in class: 6.163% (c) Current registered holder(s) of securities: ACC holds 16,551,044 shares directly via New Zealand Central Securities Depository Limited (NZCSD) and 33,497 shares indirectly via JP Morgan Nominees Australia Ltd. (d) Registered holder(s) of securities once transfers registered: unknown Additional information Nicholas Bagnall, Blair Tallott, Paul Robertshawe and Blair Cooper are employees and portfolio managers or equity analysts for ACC. Under current ACC investment policies, they have 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, NZ 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, Tim Agar, 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:00231219 For:TWR Type:SSH Time:2012-12-17 17:04:32
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