ENERO GROUP LIMITED — Major Shareholding Notification 2019

Aug 19, 2019

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme	Enero Group Limited (ASX: EGG)
ACN 091 524 515 ACN/ARSN
1. Details of substantial holder (1)
Name	Wilson Asset Management Group (refer entities listed in Annexure A)
ACN/ARSN (if applicable)

The holder became a substantial holder on $16/08/2019$

2. Details of 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 on the date the substantial holder became a substantial holder are as follows:

Number of securities Class of securities (4)		Person's votes (5)	Voting power (6)
Ordinary Shares	5,375,413	5,375,413	6.28%

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 substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Refer Annexure B

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Registered holder of Holder of relevant securities interest		Person entitled to be registered as holder (8)	Class and number of securities
Refer Annexure B

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)		Class and number of securities
		Cash	Non-cash
Annexure C

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
n/a

7. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Refer Annexure A

Signature

print name	Geoff Wilson	capacity	Chairman
sign here		date	20/08/2019
		DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the $(1)$ 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 7 of the form.
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
• The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an $(5)$ associate has a relevant interest in.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(6)$
• Include details of: $(7)$
• any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of $(a)$ 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.

• If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write $(8)$ "unknown".
• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was $(9)$ 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.

Annexure A

Wilson Asset Management Group

1. Details of Wilson Asset Management Group
Name	JACN / ARSN
Wilson Asset Management (International) Pty Limited	I(ACN 081 047 118)
MAM Ptv Limited	I(ACN 100 276 542)
WAM Capital Limited	(ACN 086 587 395)
WAM Research Limited	l(ACN 100 504 541)
WAM Active Limited	(ACN 126 420 719)
Botanical Nominees Pty Limited as trustee of the Wilson Asset Management Equity Fund	I(ACN 081 032 000)
WAM Leaders Limited	(ACN 611 053 751)
WAM Microcap Limited	(ACN 617 838 418)
WAM Global Limited	I(ACN 624 572 925)

7. Addresses

Name	Address
Wilson Asset Management (International) Pty Limited	Level 26.1 Farrer Place, Sydney, NSW 2000
MAM Pty Limited	Level 26,1 Farrer Place, Sydney, NSW 2000
WAM Capital Limited	Level 26.1 Farrer Place, Sydney, NSW 2000
WAM Research Limited	Level 26.1 Farrer Place, Sydney, NSW 2000
IWAM Active Limited	Level 26.1 Farrer Place, Sydney, NSW 2000
Botanical Nominees Pty Limited	Level 26,1 Farrer Place, Sydney, NSW 2000
I WAM Leaders Limited	Level 26,1 Farrer Place, Sydney, NSW 2000
WAM Microcap Limited	Level 26.1 Farrer Place, Sydney, NSW 2000
I WAM Global Limited	Level 26.1 Farrer Place, Sydney, NSW 2000
HSBC Custody Nominees (Australia) Limited	Level 32, 580 George Street, Sydney NSW 2000

Signed: Date: $20/0$ )19

ANNEXURE B

Holder Of Relevant	Registered Holder of Securities	Nature of relevant interest (7)	Person entitled to be the registered as holder (8)	Class and Number of Securities
Botanical Nominees Pty		Management of portfolio of Botanical	Botanical Nominees Pty
Limited ATF Wilson Asset		Nominees Pty Limited ATF Wilson Asset	Limited ATF Wilson Asset
Management Equity Fund	HSBC Custody Nominees (Australia) Limited	Management Equity Fund	Management Equity Fund	79.993 ordinary shares
		Management of portfolio of WAM Capital		1,892,407 ordinary
I WAM Capital Limited	HSBC Custody Nominees (Australia) Limited	Limited	WAM Capital Limited	Ishares
		Management of portfolio of WAM
IWAM Research Limited	HSBC Custody Nominees (Australia) Limited	Research Limited	WAM Research Limited	652.762 ordinary shares
		Management of portfolio of WAM		2.750.251 ordinary
WAM Microcap Limited	HSBC Custody Nominees (Australia) Limited	Microcap Limited	WAM Microcap Limited	shares

Signed:

ANNEXURE C
			Consideration given in	Number of Securities	Class of Securities	Persons votes
Date of Change	Persons whose relevant interest changed	Nature of Change	relation to change (9)	affected	affected	affected
	20-May-19 WAM Microcap Limited	On Market Purchase	5.024.71	4,018	Ordinary Shares	4,018
	22-May-19 WAM Microcap Limited	On Market Purchase	127.55	100	Ordinary Shares	100
	Botanical Nominees Pty Limited as trustee of the
	04-Jul-19 Wilson Asset Management Equity Fund	On Market Purchase	33,572.30		21,612 Ordinary Shares	21,612
	04-Jul-19 WAM Capital Limited	On Market Purchase	783,706.22	504,507	Ordinary Shares	504,507
	04-Jul-19 WAM Reseatch Limited	On Market Purchase	270,108.48	173,881	Ordinary Shares	173,881
	05-Jul-19 WAM Reseatch Limited	On Market Purchase	385,091.81		238,400 Ordinary Shares	238,400
	05-Jul-19 WAM Capital Limited	On Market Purchase	1,215,919.32	752,743	Ordinary Shares	752,743
	Botanical Nominees Pty Limited as trustee of the
	05-Jul-19 Wilson Asset Management Equity Fund	On Market Purchase	52,562.45		32,540 Ordinary Shares	32,540
	05-Jul-19 WAM Microcap Limited	On Market Sale	1,653,573.58		1,023,683 Ordinary Shares	1,023,683
	Botanical Nominees Pty Limited as trustee of the
	15-Aug-19 Wilson Asset Management Equity Fund	On Market Purchase	898.19		501 Ordinary Shares	501
	15-Aug-19 WAM Capital Limited	On Market Purchase	20,846.54	11,628	Ordinary Shares	11,628
	15-Aug-19 WAM Reseatch Limited	On Market Purchase	6,835.90		3.813 Ordinary Shares	3,813
	15-Aug-19 WAM Microcap Limited	On Market Purchase	39.358.88		21,954 Ordinary Shares	21,954
	Botanical Nominees Pty Limited as trustee of the
	16-Aug-19 Wilson Asset Management Equity Fund	On Market Purchase	34.545.03		20,276 Ordinary Shares	20,276
	16-Aug-19 WAM Capital Limited	On Market Purchase	824,894.69		484,167 Ordinary Shares	484,167
	16-Aug-19 WAM Reseatch Limited	On Market Purchase	307,504.63		180.488 Ordinary Shares	180,488
	16-Aug-19 WAM Microcap Limited	On Market Purchase	536,795.65		315,069 Ordinary Shares	315,069
	Botanical Nominees Pty Limited as trustee of the
	19-Aug-19 Wilson Asset Management Equity Fund	On Market Purchase	8,881.49		5,064 Ordinary Shares	5,064
	19-Aug-19 WAM Capital Limited	On Market Purchase	244,420.05	139,362	Ordinary Shares	139,362
	19-Aug-19 WAM Reseatch Limited	On Market Purchase	98,531.29		56.180 Ordinary Shares	56,180
	19-Aug-19 WAM Microcap Limited	On Market Purchase	69,091.17		39,394 Ordinary Shares	39,394

Signed: Date: 20/08/2