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ADAIRS LIMITED — Major Shareholding Notification 2020
Mar 10, 2020
64302_rns_2020-03-10_63d0eec1-13c6-49d2-ae14-b7196d873575.pdf
Major Shareholding Notification
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Form 603 Corporations Act 2001 Section 671B
Notice of initial substantial holder
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To: Adairs Ltd
ACN/ARSN: 50 147 375 451 Source: Australian Business Register
Name: Perennial Value Management Limited
ACN: 22 090 879 904
The holder became a substantial shareholder on: 9 March 2020
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2. Details of Voting Power
The total number of votes attached to all the voting shares in the company or voting interest in the scheme that the substantial holder or an associate had
| Class of securities | Number of securities | Person’s votes | Voting Power(%) |
|---|---|---|---|
| Ordinary | 8,518,846 | 8,518,846 | 5.04 |
3. Details of relevant interests
The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a
| Holder of relevant interest | Nature of relevenat interest | Class & number of securities(Ord) |
|---|---|---|
| Perennial Value Management Limited |
Investment Manager | 8,518,846 |
4. Details of present registered holders
The persons registered as holders of the securities referred to paragraph 3 above are as follows:
| Holder of relevant interest | Registered holder of securities | Person entitled to be registered as holder |
Class & number of securities (Ord) |
|---|---|---|---|
| Perennial Value Management Limited |
National Asset Servicing | National Asset Servicing | 1,689,201 |
| Perennial Value Management Limited |
Northern Trust | Northern Trust | 1,546,563 |
| Perennial Value Management Limited |
BNP Paribas Securities Services | BNP Paribas Securities Services | 1,236,055 |
| Perennial Value Management Limited |
Citicorp Nominees Pty Limited | Citicorp Nominees Pty Limited | 4,047,027 |
5. Consideration
The consideration paid for each relevant interest referred to paragraph 3 above, and acquired in the four months prior to the day that the substantial
| Holder of relevant interest | Date of acquisition | Consideration | Consideration | Class & and number of securities |
|---|---|---|---|---|
| Cash | Non-cash | |||
| National Asset Servicing | 20/11/2019 | 155,717.66 $ |
87,008 | |
| National Asset Servicing | 21/11/2019 | 56,121.54 $ |
31,727 | |
| National Asset Servicing | 26/11/2019 | 9,234.75 $ |
5,108 | |
| BNP Paribas Securities Services | 27/11/2019 | 3,728.72 $ |
2,102 | |
| National Asset Servicing | 27/11/2019 | 5,930.12 $ |
3,343 | |
| Northern Trust | 27/11/2019 | 9,179.90 $ |
5,175 | |
| BNP Paribas Securities Services | 2/12/2019 | 110.00 $ |
62 | |
| National Asset Servicing | 2/12/2019 | 173.89 $ |
98 | |
| Northern Trust | 2/12/2019 | 269.69 $ |
152 | |
| BNP Paribas Securities Services | 3/12/2019 | 2,083.14 $ |
1,181 | |
| National Asset Servicing | 3/12/2019 | 4,026.92 $ |
2283 | |
| Northern Trust | 3/12/2019 | 6,235.28 $ |
3,535 | |
| BNP Paribas Securities Services | 4/12/2019 | 121,139.93 $ |
60,437 |
| National Asset Servicing | 6/12/2019 | 30,744.27 $ |
13,533 | |
|---|---|---|---|---|
| National Asset Servicing | 16/12/2019 | 8,501.57 $ |
3,734 | |
| BNP Paribas Securities Services | 15/01/2020 | 8,879.56 $ |
4,065 | |
| National Asset Servicing | 15/01/2020 | 13,678.69 $ |
6,262 | |
| Northern Trust | 15/01/2020 | 18,263.74 $ |
8,361 | |
| BNP Paribas Securities Services | 16/01/2020 | 314,501.19 $ |
143,323 | |
| National Asset Servicing | 16/01/2020 | 482,505.91 $ |
219,885 | |
| Northern Trust | 16/01/2020 | 540,906.31 $ |
246,447 | |
| National Asset Servicing | 28/01/2020 | 2,584.86 $ |
1,189 | |
| National Asset Servicing | 29/01/2020 | 21,647.03 $ |
9,824 | |
| BNP Paribas Securities Services | 30/01/2020 | 2,311.54 $ |
1,083 | |
| Citicorp Nominees Pty Limited | 30/01/2020 | 23,057.76 $ |
10,803 | |
| National Asset Servicing | 30/01/2020 | 6,580.31 $ |
3,083 | |
| Northern Trust | 30/01/2020 | 10,215.17 $ |
4,786 | |
| BNP Paribas Securities Services | 31/01/2020 | 347.95 $ |
163 | |
| Citicorp Nominees Pty Limited | 31/01/2020 | 3,462.46 $ |
1,622 | |
| National Asset Servicing | 31/01/2020 | 988.36 $ |
463 | |
| Northern Trust | 31/01/2020 | 1,534.84 $ |
719 | |
| BNP Paribas Securities Services | 24/02/2020 | 805,986.53 $ |
312,925 | |
| Citicorp Nominees Pty Limited | 24/02/2020 | 1,014,851.47 $ |
394,017 | |
| National Asset Servicing | 24/02/2020 | 204,653.74 $ |
79,457 | |
| Northern Trust | 24/02/2020 | 292,596.87 $ |
113,601 | |
| BNP Paribas Securities Services | 25/02/2020 | 216,954.86 $ |
83,261 | |
| Citicorp Nominees Pty Limited | 25/02/2020 | 1,603,226.55 $ |
615,272 | |
| National Asset Servicing | 25/02/2020 | 323,304.72 $ |
124,075 | |
| Northern Trust | 25/02/2020 | 462,233.88 $ |
177,392 | |
| Citicorp Nominees Pty Limited | 26/02/2020 | 1,415,417.89 $ |
565,173 | |
| BNP Paribas Securities Services | 27/02/2020 | 96,731.35 $ |
38,992 | |
| National Asset Servicing | 5/03/2020 | 419,667.71 $ |
190,322 | |
| BNP Paribas Securities Services | 9/03/2020 | 267,224.16 $ |
155,974 |
6. Associates
The reasons the persons above in paragraph 3 above are associates of the substantial holder are as follows:
| Name & ACN | Nature of association |
|---|---|
| Not applicable |
7. Addresses
The addresses of persons named in this form are as follows:
| Name | Address | ||
|---|---|---|---|
| Perennial Value Management | Level 27, 88 Phillip St | ||
| Limited | SydneyNSW 2000 | ||
| Adairs Ltd | 2 International Court,Scoresby,Vic 3179 | ||
| Signature | |||
| Print Name | Bill Anastasopoulos | Capacity | Company Secretary |
| Sign Here | Date | 11/03/2020 |