TWR
30/01/2014 08:30
SSH
REL: 0830 HRS Tower Limited
SSH: TWR: SSH Notice - (Milford Asset Management Limited)
Disclosure of ceasing to have substantial holding
Section 25, Securities Markets Act 1988
To: The New Zealand Exchange Limited
And: Tower Limited
Date this disclosure made: 29th January 2014
Date last disclosure made: 13th December 2013
Substantial security holder(s) giving disclosure
Name(s): Milford Asset Management Limited
Contact details: Bryce Marsden, Chief Operating Officer, contact: 09
921 4707
E-mail: [email protected]
Date on which substantial security holder(s) ceased to have substantial
holding: 31st January 2014
Summary of previous substantial holding to which disclosure relates
Class of listed voting securities: Ordinary Shares
Summary for: Milford Asset Management Limited
For last disclosure,--
(a) total number held in class: 11,519,618
(b) total in class: 207,193,438
(c) total percentage held in class: 5.56% (note, relevant interests held by
the manager as follows):
Milford Active Growth Wholesale Fund (1.97%), (Custodian - TEA Custodians),
Trust Investments Sustainable NZ Share Fund (0.07%), (Custodian - TEA
Custodians),
Waikato Community Trust (0.05%), (Custodian - TEA Custodians),
Milford Income Wholesale Fund (2.24%), (Custodian - TEA Custodians),
NZ Equities Wholesale Fund (0.38%), (Custodian - TEA Custodians),
New Zealand Superannuation Fund (0.67%), (Custodian - New Zealand
Superannuation Fund
Nominees Limited),
Mercer Trans-Tasman Shares Trust (0.18%), (Custodian - BNP Paribas Securities
Limited).
For current holding after ceasing to have substantial holding:
(a) total number held in class: 9,011,660
(b) total in class: 207,193,438
(c) total percentage held in class: 4.35% (note, relevant interests held by
the manager as follows):
Milford Active Growth Wholesale Fund (1.57%), (Custodian - TEA Custodians),
Trust Investments Sustainable NZ Share Fund (0.04%), (Custodian - TEA
Custodians),
Waikato Community Trust (0.03%), (Custodian - TEA Custodians),
Milford Income Wholesale Fund (1.79%), (Custodian - TEA Custodians),
NZ Equities Wholesale Fund (0.20%), (Custodian - TEA Custodians),
New Zealand Superannuation Fund (0.63%), (Custodian - New Zealand
Superannuation Fund
Nominees Limited),
Mercer Trans-Tasman Shares Trust (0.09%), (Custodian - BNP Paribas Securities
Limited).
Details of transactions and events giving rise to person ceasing to have
substantial holding
Details of the transactions or other events requiring disclosure under the
instructions to this form:
Milford Asset Management Limited undertook the below on market transactions.
Settlement Date Buy/Sell Shares Consideration
13/12/2013 Buy 16,710.00 27,766.34
16/12/2013 Sell - 90,000.00 - 148,951.80
31/01/2014 Sell (Corporate Action) - 2,434,668.00 - 4,406,749.08
Additional information
Nature of connection between substantial security holders: NA
Address(es) of substantial security holder(s): Milford Asset Management
Limited, Level 17, 41 Shortland Street, Auckland 1140, New Zealand.
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: NA
Declaration
I, Bryce Marsden 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:00246474 For:TWR Type:SSH Time:2014-01-30 08:30:05
