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AMP LIMITED — Major Shareholding Notification 2022
Nov 1, 2022
64379_rns_2022-11-01_2a8a507f-0d72-4708-b648-1098cb05269b.pdf
Major Shareholding Notification
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605 Page 1 of 2 15 July 2001
Form 605
Corporations Act 2001
Section 671B
Notice of ceasing to be a substantial holder
To Company Name/Scheme AMP LIMITED
ACN/ARSN 079 354 519
1. Details of substantial holder (1)
Name State Street Corporation and subsidiaries named in Annexures to this form
ACN/ARSN (if applicable)
The holder ceased to be a substantial holder on
The holder ceased to be a substantial holder on 31/10/2022
The previous notice was given to the company on 13/10/2022
The previous notice was dated 06/10/2022
2. Changes in relevant interests
Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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 change | Person whose relevant interest changed |
Nature of change (4) | Consideration given in relation to change (5) |
Class (6) and number of securities affected |
Person's votes affected |
|---|---|---|---|---|---|
| Annexure B, C & D |
|||||
3. Changes in association
The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) 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
4. Addresses
The addresses of persons named in this form are as follows:
| Name | Address |
|---|---|
| Annexure A | |
Signature
print name Alok Maheshwary capacity Authorised signatory sign here Alok Digitally signed by Alok Maheshwary Date: 2022.11.02 11:43:36 date 02/11/2022 Maheshwary +05'30'
Information Classification: Limited Access
605 Page 2 of 2 15 July 2001
DIRECTIONS
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(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 4 of the form.
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(2) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
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(3) See the definition of "associate" in section 9 of the Corporations Act 2001.
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(4) Include details of:
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(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
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(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.
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(5) 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, become 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.
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(6) The voting shares of a company constitute one class unless divided into separate classes.
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(7) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.
Information Classification: Limited Access
This is Annexure A referred to in Form 605 Notice of ceasing to be a substantial holder
Annexure A
Digitally signed by Alok Alok Maheshwary Maheshwary Date: 2022.11.02 11:44:14 +05'30' ______ 02 November 2022
Alok Maheshwary Authorised Signatory
| Name | Address |
|---|---|
| STATE STREET GLOBAL ADVISORS, INC. | 1 Iron Street, Boston MA 02210, United States |
| STATE STREET GLOBAL ADVISORS, AUSTRALIA, LIMITED | Level 15, 420 George Street, Sydney NSW 2000, Australia |
| STATE STREET GLOBAL ADVISORS EUROPE LIMITED | 78 Sir John Rogerson’s Quay, Dublin 2, Ireland |
| STATE STREET BANK AND TRUST COMPANY | 1 Lincoln Street, Boston MA 02111-2900, United States |
Information Classification: Limited Access
This is Annexure B referred to in Form 605 Notice of ceasing to be a substantial holder Alok Digitally signed by Alok Maheshwary Maheshwary ______ 02 November 2022 Date: 2022.11.02 11:44:40 +05'30' Alok Maheshwary Authorised Signatory
Annexure B
| Date of Change | Person whose relevant interest changed | Nature of Change | Consideration given in relation to Change | Class and number of Securities affected | Class and number of Securities affected | Person's Votes affected |
|---|---|---|---|---|---|---|
| 07-Oct-22 | STATE STREET GLOBAL ADVISORS, INC. | In specie application | n/a | Ordinary | 9,136 | 9,136 |
| 10-Oct-22 | STATE STREET GLOBAL ADVISORS, AUSTRALIA, LIMITED | In specie redemption | n/a | Ordinary | (11,410) | (11,410) |
| 11-Oct-22 | STATE STREET GLOBAL ADVISORS, AUSTRALIA, LIMITED | In specie redemption | n/a | Ordinary | (11,410) | (11,410) |
| 13-Oct-22 | STATE STREET GLOBAL ADVISORS, AUSTRALIA, LIMITED | In specie application | n/a | Ordinary | 29,952 | 29,952 |
| 13-Oct-22 | STATE STREET GLOBAL ADVISORS, INC. | In specie application | n/a | Ordinary | 60,526 | 60,526 |
| 17-Oct-22 | STATE STREET GLOBAL ADVISORS, AUSTRALIA, LIMITED | Purchase | 1.17 | Ordinary | 114,176 | 114,176 |
| 18-Oct-22 | STATE STREET GLOBAL ADVISORS EUROPE LIMITED | Sale | 1.17 | Ordinary | (54,836) | (54,836) |
| 18-Oct-22 | STATE STREET GLOBAL ADVISORS, INC. | In specie application | n/a | Ordinary | 4,568 | 4,568 |
| 21-Oct-22 | STATE STREET GLOBAL ADVISORS, INC. | In specie application | n/a | Ordinary | 20,556 | 20,556 |
| 26-Oct-22 | STATE STREET GLOBAL ADVISORS, INC. | In specie application | n/a | Ordinary | 28,550 | 28,550 |
| 27-Oct-22 | STATE STREET GLOBAL ADVISORS EUROPE LIMITED | Purchase | 1.19 | Ordinary | 1,928 | 1,928 |
| 27-Oct-22 | STATE STREET GLOBAL ADVISORS, AUSTRALIA, LIMITED | Sale | 1.19 | Ordinary | (1,122,717) | (1,122,717) |
| 27-Oct-22 | STATE STREET GLOBAL ADVISORS, INC. | In specie application | n/a | Ordinary | 723 | 723 |
| 28-Oct-22 | STATE STREET GLOBAL ADVISORS, AUSTRALIA, LIMITED | Sale | 1.20 | Ordinary | (1,122,717) | (1,122,717) |
| 31-Oct-22 | STATE STREET GLOBAL ADVISORS, AUSTRALIA, LIMITED | Sale | 1.26 | Ordinary | (2,624,493) | (2,624,493) |
| 21-Oct-22 | STATE STREET BANK AND TRUST COMPANY | Return of securities under a securities loan from STATE STREET AGENCY UST – Refer Part A of Annexure D |
n/a | Ordinary | (9,372) | (9,372) |
| 21-Oct-22 | STATE STREET BANK AND TRUST COMPANY | Return of securities under a securities loan by AQR TAX ADVANTAGED GLOBAL RELAXED CONSTRAINT EQUITY FUND LP – Refer Part B of Annexure D |
n/a | Ordinary | (9,372) | (9,372) |
| 31-Oct-22 | STATE STREET BANK AND TRUST COMPANY | Return of securities under a securities loan by THE GOLDMAN SACHS GROUP – Refer Part A of Annexure C |
n/a | Ordinary | (192,921) | (192,921) |
| 21-Oct-22 | STATE STREET BANK AND TRUST COMPANY | Return of securities under a securities loan by THE STATE STREET GROUP – Refer Part A of Annexure C |
n/a | Ordinary | (9,372) | (9,372) |
| 21-Oct-22 | STATE STREET BANK AND TRUST COMPANY | Return of securities under a securities loan by THE J.P. MORGAN CHASE GROUP – Refer Part A of Annexure C |
n/a | Ordinary | (880,566) | (880,566) |
| 17-Oct-22 | STATE STREET BANK AND TRUST COMPANY | Lending securities under a securities loan to UBS SECURITIES AUSTRALIA LTD – Refer Part A of Annexure C |
n/a | Ordinary | 2,105,991 | 2,105,991 |
| 21-Oct-22 | STATE STREET BANK AND TRUST COMPANY | Return of securities under a securities loan by UBS SECURITIES AUSTRALIA LTD – Refer Part A of Annexure C |
n/a | Ordinary | (121,726) | (121,726) |
| 31-Oct-22 | STATE STREET BANK AND TRUST COMPANY | Return of securities under a securities loan by THE GOLDMAN SACHS GROUP – Refer Part A of Annexure C |
n/a | Ordinary | (360,909) | (360,909) |
| 31-Oct-22 | STATE STREET BANK AND TRUST COMPANY | Return of securities under a securities loan by THE GOLDMAN SACHS GROUP – Refer Part A of Annexure C |
n/a | Ordinary | (1,524,593) | (1,524,593) |
| 21-Oct-22 | STATE STREET BANK AND TRUST COMPANY | Return of securities under a securities loan by THE J.P. MORGAN CHASE GROUP – Refer Part A of Annexure C |
n/a | Ordinary | (188,226) | (188,226) |
| 31-Oct-22 | STATE STREET BANK AND TRUST COMPANY | Return of securities under a securities loan by THE GOLDMAN SACHS GROUP – Refer Part A of Annexure C |
n/a | Ordinary | (316,794) | (316,794) |
| 31-Oct-22 | STATE STREET BANK AND TRUST COMPANY | Return of securities under a securities loan by THE GOLDMAN SACHS GROUP – Refer Part A of Annexure C |
n/a | Ordinary | (8,207) | (8,207) |
| 31-Oct-22 | STATE STREET BANK AND TRUST COMPANY | Return of securities under a securities loan by THE GOLDMAN SACHS GROUP – Refer Part A of Annexure C |
n/a | Ordinary | (46,576) | (46,576) |
| 12-Oct-22 | STATE STREET BANK AND TRUST COMPANY | Lending securities under a securities loan to THE BANK OF NOVA SCOTIA GROUP – Refer Part A of Annexure C |
n/a | Ordinary | 50,888 | 50,888 |
| 14-Oct-22 | STATE STREET BANK AND TRUST COMPANY | Lending securities under a securities loan to THE BARCLAYS GROUP – Refer Part A of Annexure C |
n/a | Ordinary | 100,365 | 100,365 |
| 7-Oct-22 | STATE STREET BANK AND TRUST COMPANY | Lending securities under a securities loan to THE BARCLAYS GROUP – Refer Part A of Annexure C |
n/a | Ordinary | 55,008 | 55,008 |
| 14-Oct-22 | STATE STREET BANK AND TRUST COMPANY | Lending securities under a securities loan to THE BARCLAYS GROUP – Refer Part A of Annexure C |
n/a | Ordinary | 56,841 | 56,841 |
| 12-Oct-22 | STATE STREET BANK AND TRUST COMPANY | Lending securities under a securities loan to THE BANK OF NOVA SCOTIA GROUP – Refer Part A of Annexure C |
n/a | Ordinary | 24,112 | 24,112 |
Information Classification: Limited Access
Annexure C
This is Annexure C referred to in Form 605 Notice of ceasing to be a substantial holder Annexure C Alok Digitally signed by Alok Maheshwary Maheshwary Date: 2022.11.02 11:44:57 +05'30' _________ 02 November 2022 Alok Maheshwary Authorised Signatory State Street Bank and Trust Company will, if requested by the company or responsible entity to whom this form must be given under the Corporations Act 2001 (Cth) or if requested by the Australian Securities and Investment Commission (ASIC), provide a copy of the master securities lending agreement/s and security agreement/s referred to below to the company, responsible entity or ASIC.
| Part A: For relevant interests arising out of lending securities - State Street Bank and Trust Company acquires relevant interest as lender of the securities under securities lending authorisation agreement, subject to obligation to return under the agreement. (State Street Bank and Trust Company has lent the securities and retains relevant interest as per Part B of this Annexure.) |
Part A: For relevant interests arising out of lending securities - State Street Bank and Trust Company acquires relevant interest as lender of the securities under securities lending authorisation agreement, subject to obligation to return under the agreement. (State Street Bank and Trust Company has lent the securities and retains relevant interest as per Part B of this Annexure.) |
|---|---|
| Type of agreement | Securities Lending Authorisation Agreement/ Global Master Securities Lending Agreement/ Securities Loan Agreement |
| Parties to agreement | (1) State Street Bank and Trust Company (2)The entityreferred to in the relevantpart of Annexure B to this notice |
| Can the parties exercise voting rights attaching to the securities? | (1) No (2) Yes. (Borrower has the right to vote, but may on-lend securities) |
| If yes, in what circumstances | (1) Only if instructed to by the borrower (2) As determined by the owner of the securities |
| Transfer date | The dates on which the securities were delivered by State Street Bank and Trust Company as lender are set out in Annexure B to this notice |
| Scheduled return date | No scheduled return date |
| Does the borrower have the right to return the securities early? | No scheduled return date. Borrower can return securities or equivalent securities at any time subject togivingnotice |
| If yes, in what circumstances | Borrower can return securities or equivalent securities at any time subject to giving notice |
| Does the lender have the right to recall the securities early (ie before the scheduled return date)? |
No scheduled return date. Lender can require return of securities or equivalent securities at anytime subject togivingnotice |
| If yes, in what circumstances | Lender can require return of securities or equivalent securities at any time subject to giving notice |
| Are there any circumstances in which the borrower is not required to return securities or equivalent securities on settlement? |
No |
| Ifyes,detail anyexceptions | n/a |
Part B: For relevant interests arising out of lending securities - State Street Bank and Trust Company acquires a relevant interest in securities through taking a security interest (“title transfer”) over the securities as collateral to secure a securities loan. (See Part A of this Annexure for securities loan details.)
| Type of agreement | Global Master Securities Lending Agreement Securities Lending Authorisation Agreement |
|---|---|
| Parties to agreement | (1) State Street Bank and Trust Company (2)The entityreferred to in the relevantpart of Annexure B to this notice |
| Can the parties exercise voting rights attaching to the securities? | (1) Yes, but only if the borrower defaults and ownership is enforced (2)Yes |
| If yes, in what circumstances | (1) Only if the borrower defaults and ownership is enforced (2) In accordance with ordinary rights as registered holder, either directly or through nominee holder |
| Transfer date | The dates on which the securities were transferred, as indicated in Annexure B to this notice |
| Scheduled return date | No scheduled return date. Securities collateral is returned on termination of related securities loan |
| Does the borrower have the right to have the securities returned early? | No scheduled return date. Securities collateral is returned on termination of related securities loan or theprovision of alternative collateral |
| If yes, in what circumstances | At any time subject to returning the borrowed securities or equivalent securities or providingalternative collateral |
| Are there any circumstances in which the lender is not required to return securities collateral on settlement? |
No, assuming the borrower returns the borrowed securities or equivalent securities |
| If yes, detail any exceptions | n/a (lender must return securities collateral if the borrower returns the borrowed securities or equivalent securities) |
Information Classification: Limited Access
Annexure D
This is Annexure D referred to in Form 605 Notice of ceasing to be a substantial holder Digitally signed by Alok Alok Maheshwary Maheshwary Date: 2022.11.02 ______ 02 November 2022 11:45:15 +05'30' Alok Maheshwary Authorised Signatory
| State Street Bank and Trust Company will, if requested by the company or responsible entity to whom this form must be given under the Corporations Act 2001 (Cth) or if requested by the | State Street Bank and Trust Company will, if requested by the company or responsible entity to whom this form must be given under the Corporations Act 2001 (Cth) or if requested by the |
|---|---|
| Australian Securities and Investment Commission (ASIC), provide a copy of the master securities lending agreement/s and security agreement/s referred to below to the company, | |
| responsible entity or ASIC. | |
| Part A: For relevant interests arising out of lending securities - State Street Bank and Trust Company acquires relevant interest as borrower of the securities under securities lending | |
| agreement, subject to obligation to return under the agreement. (State Street Bank and Trust Company has on-lent the securities and retains relevant interest as per Part B of this | |
| Annexure.) | |
| Type of agreement | Global Master Securities Lending Agreement/Master Securities Loan Agreement/Securities Loan Agreement |
| Parties to agreement | (1) STATE STREET BANK AND TRUST COMPANY (2) The entity referred to in the relevant part of Annexure B to this notice |
| (1) Yes (if the borrower is the registered holder. However the securities are on-lent by the | |
| Can the parties exercise voting rights attaching to the securities? | borrower as per Part B of this Annexure) (2) No, not during term of securities loan |
| (1) Only if the borrower is the registered holder. However the securities are on-lent by the | |
| If yes, in what circumstances | borrower as per Part B of this Annexure (2) n/a |
| Transfer date | The dates on which the securities were delivered to State Street Bank and Trust Company as |
| borrower are set out in Annexure B to this notice | |
| Scheduled return date | No scheduled return date |
| Does the borrower have the right to return the securities early? | No scheduled return date. Borrower can return securities or equivalent securities at any time subject togivingnotice |
| If yes, in what circumstances | Borrower can return securities or equivalent securities at any time subject to giving notice |
| Does the lender have the right to recall the securities early (ie before the scheduled return | No scheduled return date. Lender can require return of securities or equivalent securities at |
| date)? | anytime subject togivingnotice |
| If yes, in what circumstances | Lender can require return of securities or equivalent securities at any time subject to giving notice |
| Are there any circumstances in which the borrower is not required to return securities or equivalent securities on settlement? |
No |
| Ifyes,detail anyexceptions | n/a |
| Part B: For relevant interests arising out of lending securities - State Street Bank and Trust Company lends the securities under securities lending agreement, and retains relevant interest | |
| through the right to recall the securities or equivalent securities. |
| Type of agreement | Global Master Securities Lending Agreement/Master Securities Loan Agreement |
| Parties to agreement | (1) STATE STREET BANK AND TRUST COMPANY (2) The entity referred to in the relevant part of Annexure B to this notice |
| (1) Yes, but only if the lender recalls the loan and exercises its right to become the registered | |
| Can the parties exercise voting rights attaching to the securities? | holder (2) Yes (while registered holder) |
| (1) Only if the lender recalls the loan and exercises its right to become the registered holder | |
| If yes, in what circumstances | (2) Borrower may exercise voting rights (while registered holder) |
| Transfer date | The dates on which the securities were delivered to the borrower are set out in Annexure B to |
| this notice | |
| Scheduled return date | No scheduled return date |
| Does the borrower have the right to return the securities early? | No scheduled return date. Borrower can return securities or equivalent securities at any time subject togivingnotice |
| If yes, in what circumstances | Borrower can return securities or equivalent securities at any time subject to giving notice |
| Does the lender have the right to recall the securities early (ie before the scheduled return | No scheduled return date. Lender can require return of securities or equivalent securities at |
| date)? | anytime subject togivingnotice |
| If yes, in what circumstances | Lender can require return of securities or equivalent securities at any time subject to giving notice |
| Are there any circumstances in which the borrower is not required to return securities or equivalent securities on settlement? |
No |
| Ifyes,detail anyexceptions | n/a |
| Part C: For relevant interests arising out of lending securities - State Street Bank and Trust Company acquires a relevant interest in securities through taking a security interest (“pledge”) | |
| over the securities as collateral to secure a securities loan. (See Part B of this Annexure for securities loan details.) | |
| Global Master Securities Lending Agreement | |
| Type of agreement | Security Agreement: the pro forma security agreement governing the pledge is attached to |
| this notice |
Information Classification: Limited Access
(1) STATE STREET BANK AND TRUST COMPANY Parties to agreement (2) The entity referred to in the relevant part of Annexure B to this notice (1) Yes, but only if the borrower defaults and pledge is enforced Can the parties exercise voting rights attaching to the securities? (2) Yes (1) Only if the borrower defaults and pledge is enforced (2) In accordance with ordinary rights as registered holder, either directly or through If yes, in what circumstances nominee holder Pledge date The dates on which the securities were pledged, as indicated in Annexure B to this notice No scheduled release date. Securities are released from pledge on termination of related Scheduled release date securities loan No scheduled release date. Securities are released from pledge on termination of related Does the borrower have the right to have the securities released early? securities loan or the provision of alternative collateral At any time subject to returning the borrowed securities or equivalent securities or providing If yes, in what circumstances alternative collateral Are there any circumstances in which the lender is not required to release the pledged securities No, assuming the borrower returns the borrowed securities or equivalent securities on settlement? n/a (lender must release pledged securities if the borrower returns the borrowed securities or If yes, detail any exceptions equivalent securities)
Information Classification: Limited Access