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CHORUS LIMITED Major Shareholding Notification 2021

Aug 15, 2021

64680_rns_2021-08-15_82e05f20-9fa7-4ec5-b793-62b57a331798.pdf

Major Shareholding Notification

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Disclosure of ceasing to have substantial holding

Section 279, Financial Markets Conduct Act 2013

To NZX Limited and

To CHORUS LIMITED

Date this disclosure made: 13 August, 2021

Date last disclosure made: 11 August, 2021

Date on which substantial holding ceased: 10 August, 2021

Substantial product holder(s) giving disclosure

Full name(s): Mitsubishi UFJ Financial Group, Inc., Mitsubishi UFJ Trust and Banking Corporation, First Sentier Investors (Australia) IM Ltd, First Sentier Investors Realindex Pty Ltd

Summary of previous substantial holding

Class of quoted voting products: Ordinary Shares (security code: NZCNUE0001S2)

Summary for Mitsubishi UFJ Financial Group, Inc., Mitsubishi UFJ Trust and Banking Corporation, First Sentier Investors (Australia) IM Ltd, First Sentier Investors Realindex Pty Ltd

For last disclosure,—

  • (a) total number held in class: 23,244,040

  • (b) total in class: 447,024,884

  • (c) total percentage held in class: 5.200%

For current holding after ceasing to have substantial holding,—

  • (a) total number held in class: 21,767,290

  • (b) total in class: 447,024,884

  • (c) total percentage held in class: 4.869%

Details of transactions and events giving rise to ceasing of substantial holding

Details of the transactions or other events requiring disclosure:

For transaction details relating to subsidiaries of Mitsubishi UFJ Financial Group, Inc. see Annexure A.

For transaction details relating to the Morgan Stanley group see Annexure C.

1

Additional information

Address(es) of substantial product holder(s):

Mitsubishi UFJ Financial Group, Inc. – 2-7-1, Marunouchi, Chiyoda-ku, Tokyo 100-8330, Japan

Mitsubishi UFJ Trust and Banking Corporation – 1-4-5, Marunouchi, Chiyoda-ku, Tokyo, Japan

First Sentier Investors Realindex Pty Ltd - Level 5, Tower Three International Towers Sydney, 300 Barangaroo Avenue, Barangaroo NSW 2000, Australia

First Sentier Investors (Australia) IM Ltd - Level 5, Tower Three International Towers Sydney, 300 Barangaroo Avenue, Barangaroo NSW 2000, Australia

Contact details: Mariko Onda, Phone: +81-3-3240-3003, E-mail:[email protected]

Nature of connection between substantial product holders: Mitsubishi UFJ Trust and Banking Corporation, First Sentier Investors (Australia) IM Ltd and First Sentier Investors Realindex Pty Ltd are wholly-owned subsidiary of Mitsubishi UFJ Financial Group, Inc.

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: Not applicable

Certification

I, Mariko Onda, 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.

2

Annexure A

Transaction details for subsidiaries of Mitsubishi UFJ Financial Group, Inc.

Date of Transaction Holder of Relevant
Interest
Nature of Transaction Class of Securities Number
of
Securities
Cash
Consideration
(NZD)
10-Aug-2021 First Sentier
Investors (Australia)
IM Ltd
SELL Ordinary Shares 1,465,846 0.00

3

Annexure B Relevant interests held in the Morgan Stanley group

List of Morgan Stanley and its subsidiaries that have a relevant interest or are deemed to have a relevant interest in the shares.

Entities └─┬─ Morgan Stanley ├─┬─ Morgan Stanley Capital Management, LLC │ └─┬─ Morgan Stanley Domestic Holdings, Inc. │ ├─┬─ ETRADE Financial Holdings, LLC │ │ └─┬─ ETCM Holdings, LLC │ │ └─── ETRADE Securities LLC │ ├─┬─ Eaton Vance Acquisitions LLC │ │ └─── Parametric Portfolio Associates LLC │ ├─── Morgan Stanley & Co. LLC │ ├─── Morgan Stanley Capital Services LLC │ ├─── Morgan Stanley Investment Management Inc. │ ├─── Morgan Stanley Smith Barney LLC │ └─── Morgan Stanley Wealth Management Australia Pty Ltd └─┬─ Morgan Stanley International Holdings Inc. ├─┬─ Morgan Stanley (Australia) Securities Holdings Pty Limited │ └─── Morgan Stanley Australia Securities Limited └─┬─ Morgan Stanley International Limited └─┬─ Morgan Stanley Investments (UK) └─── Morgan Stanley & Co. International plc

4

Annexure C

Transaction details for the Morgan Stanley group

Date of
Transaction
Holder of Relevant
Interest
Transaction
Nature
Consideration Class and number of securities
8/09/2021 Morgan Stanley
Australia Securities
Limited
Buy 1,053.41
(AUD)
179 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Buy 1,054.31
(AUD)
179 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Buy 10,451.74
(AUD)
1,776 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Buy 10,460.10
(AUD)
1,785 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Buy 16,343.54
(AUD)
2,789 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Buy 16,783.04
(AUD)
2,864 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Buy 2,441.09
(AUD)
412 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Buy 2,739.66
(AUD)
462 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Buy 23,381.40
(AUD)
3,990 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Buy 3,076.50
(AUD)
521 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Buy 3,713.84
(AUD)
630 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Buy 32,656.51
(AUD)
5,507 Ordinary Shares

5

Limited
8/09/2021 Morgan Stanley
Australia Securities
Limited
Buy 353.70 (AUD) 60 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Buy 4,435.61
(AUD)
755 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Buy 58.70 (AUD) 10 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Buy 61,600.32
(AUD)
10,512 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Buy 627.55 (AUD) 107 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Buy 771.59 (AUD) 131 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Buy 8,610.36
(AUD)
1,452 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Buy 992.87 (AUD) 169 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Sell 1,372.14
(AUD)
231 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Sell 1,434.72
(AUD)
244 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Sell 1,873.02
(AUD)
318 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Sell 10,454.80
(AUD)
1,772 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Sell 11,654.16
(AUD)
1,982 Ordinary Shares

6

Limited
8/09/2021 Morgan Stanley
Australia Securities
Limited
Sell 124.32 (AUD) 21 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Sell 13,296.32
(AUD)
2,246 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Sell 15,584.94
(AUD)
2,646 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Sell 15,628.62
(AUD)
2,667 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Sell 15,886.08
(AUD)
2,688 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Sell 17.58 (AUD) 3 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Sell 2,409.44
(AUD)
407 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Sell 2,474.56
(AUD)
418 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Sell 2,739.66
(AUD)
462 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Sell 2,820.20
(AUD)
478 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Sell 2,838.98
(AUD)
482 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Sell 2,872.26
(AUD)
486 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Sell 3,380.10
(AUD)
570 Ordinary Shares

7

Limited
8/09/2021 Morgan Stanley
Australia Securities
Limited
Sell 3,973.99
(AUD)
677 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Sell 352.20 (AUD) 60 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Sell 4,805.20
(AUD)
820 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Sell 441.00 (AUD) 75 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Sell 5,834.78
(AUD)
994 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Sell 7,334.88
(AUD)
1,239 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Sell 9,612.48
(AUD)
1,632 Ordinary Shares
8/09/2021 Morgan Stanley
Australia Securities
Limited
Sell 982.72 (AUD) 166 Ordinary Shares
8/09/2021 Morgan Stanley
Capital Services LLC
Buy N/A 1,632 Swaps
8/09/2021 Morgan Stanley
Capital Services LLC
Buy N/A 5,396 Swaps
8/09/2021 Morgan Stanley
Capital Services LLC
Buy N/A 570 Swaps
8/09/2021 Morgan Stanley
Capital Services LLC
Sell N/A 2,789 Swaps
8/09/2021 Morgan Stanley
Capital Services LLC
Sell N/A 6,654 Swaps
8/10/2021 Morgan Stanley &
Co. International plc
Increase in
shares held or
in respect of
which the
N/A 501 Ordinary Shares

8

holder may
exercise right
to
rehypothecate
pursuant to
the
agreement(s)
8/10/2021 Morgan Stanley &
Co. International plc
Sell N/A 125 Swaps
8/10/2021 Morgan Stanley
Australia Securities
Limited
Buy 18,954.02
(AUD)
3,218 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Buy 4,948.41
(AUD)
843 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Buy 736.25 (AUD) 125 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 1,036.64
(AUD)
176 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 1,039.52
(AUD)
178 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 1,067.80
(AUD)
183 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 1,104.70
(AUD)
189 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 1,225.78
(AUD)
209 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 1,264.68
(AUD)
216 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 1,506.02
(AUD)
257 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Sell 1,770.00 300 Ordinary Shares

9

Limited (AUD)
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 10,138.24
(AUD)
1,736 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 105.75 (AUD) 18 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 114,743.09
(AUD)
19,481 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 14,502.15
(AUD)
2,479 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 147.50 (AUD) 25 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 17,474.99
(AUD)
2,977 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 18,498.48
(AUD)
3,146 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 181.81 (AUD) 31 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 2,432.57
(AUD)
413 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 2,521.94
(AUD)
430 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 200.60 (AUD) 34 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 236.00 (AUD) 40 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Sell 26,700.48
(AUD)
4,572 Ordinary Shares

10

Limited
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 3,234.37
(AUD)
551 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 3,264.02
(AUD)
557 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 352.50 (AUD) 60 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 4,290.97
(AUD)
731 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 41.09 (AUD) 7 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 432.53 (AUD) 74 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 490.14 (AUD) 84 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 5,006.50
(AUD)
850 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 5,047.73
(AUD)
857 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 526.95 (AUD) 90 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 530.10 (AUD) 90 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 539.58 (AUD) 92 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Sell 570.36 (AUD) 97 Ordinary Shares

11

Limited
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 595.68 (AUD) 102 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 6,022.39
(AUD)
1,033 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 6,199.88
(AUD)
1,058 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 6,217.46
(AUD)
1,061 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 6,861.96
(AUD)
1,167 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 631.30 (AUD) 107 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 651.57 (AUD) 111 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 672.75 (AUD) 115 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 689.12 (AUD) 118 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 70.20 (AUD) 12 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 916.50 (AUD) 156 Ordinary Shares
8/10/2021 Morgan Stanley
Australia Securities
Limited
Sell 932.20 (AUD) 158 Ordinary Shares
8/10/2021 Morgan Stanley
Capital Services LLC
Buy N/A 19,779 Swaps

12

8/10/2021 Morgan Stanley
Capital Services LLC
Buy N/A 2,689 Swaps
8/10/2021 Morgan Stanley
Capital Services LLC
Buy N/A 479 Swaps
8/10/2021 Morgan Stanley
Capital Services LLC
Buy N/A 850 Swaps
8/10/2021 Morgan Stanley
Capital Services LLC
Buy N/A 886 Swaps
8/10/2021 Morgan Stanley
Capital Services LLC
Sell N/A 2,383 Swaps

13