TWR
30/09/2013 17:18
SSH
REL: 1718 HRS Tower Limited
SSH: TWR: SSH Notice - Guinness Peat Group plc & Ithaca (Custodians)
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 in substantial holding
Date of relevant event: 29 September 2013
To: NZX Limited
And: Tower Limited
Date this disclosure made: 30 September 2013
Date last disclosure made: 10 July 2012
Substantial security holder(s) giving disclosure
Name(s): Guinness Peat Group plc
Ithaca (Custodians) Limited
Contact details:
C/ Guinness Peat Group plc
Robert Campbell
[email protected]
+64 21 020 19192
Summary of substantial holding to which disclosure relates
Class of listed voting securities: Ordinary shares
Summary for: Guinness Peat Group plc and Ithaca (Custodians) Limited
For this disclosure,--
(a) total number held in class: 28,383,249
(b) total in class: 207,193,438
(c) total percentage held in class: 13.699%
For last disclosure,--
(a) total number held in class: 90,499,166
(b) total in class: 269,091,094
(c) total percentage held in class: 33.631%
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:
Guinness Peat Group plc (GPG) entered into an agreement with First NZ Capital
Securities Limited (First NZ), dated 29 September 2013 (Agreement). On the
date of the Agreement, GPG held, through its custodian (Ithaca (Custodians)
Limited), 69,614,743 ordinary shares in Tower Limited. Under the Agreement
GPG, through its custodian (Ithaca (Custodians) Limited), sold 41,231,494
ordinary shares to First NZ on 30 September 2013 (with settlement to follow
on a T+3 basis). The total consideration received in respect of these shares
is NZ$70,093,539.80 (being NZ$1.70 per share).
In respect of the remaining 28,383,249 ordinary shares, First NZ will act as
agent for GPG in selling those shares to third party purchasers.
Details of relevant interests in substantial holding after relevant event
Details for: Guinness Peat Group plc
Nature of relevant interest(s): beneficial owner of securities
Details for: Ithaca (Custodians) Limited
Nature of relevant interest(s): registered holder of securities as custodian
for Guinness Peat Group plc
For that relevant interest,--
(a) number held in class: 28,383,249
(b) percentage held in class: 13.699%
(c) current registered holder(s) of securities: Ithaca (Custodians) Limited
(d) registered holder(s) of securities once transfers registered: N/A
Additional information
Nature of connection between substantial security holders: Ithaca
(Custodians) Limited holds the shares, the subject of this substantial
security holder notice, in Tower Limited as custodian for Guinness Peat Group
plc.
Address(es) of substantial security holder(s):
1st Floor, Times Place
45 Pall Mall
London
United Kingdom
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: First NZ Capital Securities Limited
Declaration
I, Dale Tully, 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:00241794 For:TWR Type:SSH Time:2013-09-30 17:18:59
