TWR
11/03/2015 11:03
SSH
NOT PRICE SENSITIVE
REL: 1103 HRS Tower Limited
SSH: TWR: SSH Notice - Harbour Asset Management Limited
Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
To: NZX Limited
To: Tower Limited
Date this disclosure made: 11 March 2015
Date last disclosure made: 24 September 2014
Date on which substantial holding ceased: 10 March 2015
Substantial product holder(s) giving disclosure
Full name(s): Harbour Asset Management Limited (HAML)
Summary of previous substantial holding
Class of quoted voting products: Tower Limited ordinary shares (TWR)
For last disclosure,--
(a) total number held in class: 12,794,017
(b) total in class: 175,749,449
(c) total percentage held in class: 7.28%
For current holding after ceasing to have substantial holding,--
(a) total number held in class: 7,670,099
(b) total in class: 175,749,449
(c) total percentage held in class: 4.36%
Details of transactions and events giving rise to ceasing of substantial
holding
In the period 25 September 2014 to 2 March 2015 HAML bought a total of
314,990 TWR shares and sold a total of 1,266,930 TWR shares, a further
4,500,000 TWR shares were sold on 10 March 2015, in each case as part of
normal on-market trading activity under discretionary investment management
mandates. As a result of these transactions, HAML has, as at the date of
this notice, a relevant interest in 7,670,099 (4.36%) TWR shares (which
includes the relevant interest of its related body corporate, First NZ
Capital Securities Limited, in 328,022 TWR shares as a result of normal
on-market trading activity involving the purchase and sale of TWR shares).
Additional information
Address(es) of substantial product holder(s): Harbour Asset Management
Limited, Level 12, 171 Featherston Street, Wellington.
Contact details: Richard Bodman, + 64 4 474 4017, [email protected]
Name of any other person believed to have given, or believed to be required
to give, a disclosure under the Financial Markets Conduct Act 2013 in
relation to the financial products to which this disclosure relates: N/A
Certification
I, Richard William Bodman, certify 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:00261706 For:TWR Type:SSH Time:2015-03-11 11:03:19
