uxc increases interest in ite

Australian Stock Exchange
Company Announcements Platform
3 July 2006
UXC Limited
ABN 65 067 682 928
MARKET ANNOUNCEMENT
UXC Increases Interest in IT&e
UXC Limited has today announced that it has increased its ownership interest in ASX listed
Technology Company IT&e Limited.
UXC Executive Chairman Geoff Lord commented that “UXC has had a substantial interest in
IT&e for several years. We felt that the timing was right to once again increase that
investment as the quality of the specialist risk management products developed and marketed
by IT&e to top-tier global financial institutions does not seem to be reflected in its enterprise
value. We also believe that UXC can be of some help in improving IT&e’s prospects,
through such means as assisting to strengthen IT&e’s balance sheet and by providing support
in a number of IT service areas.”
The notice of change in substantial interest is attached hereto.
For more information please contact:
Mr Geoff Lord
Executive Chairman
UXC Limited
(613) 9941 3100
Mr Mark Hubbard
Company Secretary
UXC Limited
(613) 9224 5757
Toll free shareholder information line:
1800 092 092
www.uxc.com.au
ABOUT UXC
UXC Limited is an S&P / ASX 300 listed Australian business solutions company that has grown its
market capitalisation from some $7 million in 1998 to some $170 million today. UXC Limited offers
an extremely attractive dividend yield, fully franked, and expects to at least maintain the current
dividend rate. Revenue of over $280 million is targeted for the 2006 financial year, and the group
employs some 1,800 employees. UXC was listed in the 2004 and 2005 Deloitte Technology Fast 50,
one of only 14 companies to make the Fast 50 for two years running. The Fast 50 recognises the most
dynamic and fastest growing technology companies in Australia. UXC aims to be the investment of
choice in the Information Technology sector.
UXC provides its services through three divisions:
Business Solutions Group, which provides market-leading Information, Communication and
Technology (ICT) products and services to medium and large corporates and governments across
Australia and New Zealand. The Group has three service and solution focus areas: Consulting,
Applications, and Infrastructure. The Group has established market-leading capabilities and positions
in many of its ICT offerings.
Utility Services Group, which is engaged in asset and data management for utilities, including
electricity distribution asset inspection, management and maintenance services; the provision of utility
meter installation and reading services; related data management and GIS services; and industrial
design;
Intellectual Property Ventures Group, which is involved in the identification, development and
commercialisation of intellectual property with the objective of generating and crystallizing associated
capital gains for the benefit of shareholders.
604 page 1/2 15 July 2001
To Company Name/Scheme
ACN/ARSN
1. Details of substantial holder(1)
Name
ACN/ARSN (if applicable)
There was a change in the interests of the
substantial holder on / /
The previous notice was given to the company on / /
The previous notice was dated / /
2. Previous and present voting power
The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3)
in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:
Class of securities (4) Previous notice Present notice
Person's votes Voting power (5) Person's votes Voting power (5)
3. Changes in relevant interests
Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the
substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:
Date of Person whose Nature of Consideration Class and Person's votes
change relevant interest change (6) given in relation number of affected
changed to change (7) securities
affected
4. Present relevant interests
Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:
Holder of Registered Person entitled Nature of Class and Person's votes
relevant holder of to be registered relevant number of
interest securities as holder (8) interest (6) securities
Form 604
Corporations Act 2001
Section 671B
Notice of change of interests of substantial holder
IT&e Limited
088 299 512
UXC Limited
067 682 928
8 10 04
8 10 04
Ordinary shares 13,809,056 8.88% 24,888,538 12.67%
28/06/06 UXC Limited On-market purchase $823,227 11,760,381 11,760,381
UXC Limited UXC Limited UXC Limited Direct holding 24,888,538 24,888,538
28 06 06
11/10/04 UXC Limited On-market sale $188,975 699,909 699,909
25/08/05 UXC Limited On-market purchase $1,711 19,010 19,010
604 page 2/2 15 July 2001
Signature
print name capacity
sign here date / /
5. Changes in association
The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting
interests in the company or scheme are as follows:
Name and ACN/ARSN (if applicable) Nature of association
6. Addresses
The addresses of persons named in this form are as follows:
Name Address
DIRECTIONS
(1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an
equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to
throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the
form.
(2) See the definition of "associate" in section 9 of the Corporations Act 2001.
(3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
(4) The voting shares of a company constitute one class unless divided into separate classes.
(5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
(6) Include details of:
(a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any
document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or
arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
(b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to
which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).
See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.
(7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, becom`e
entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be
included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom
the relevant interest was acquired.
(8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".
(9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.