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RURAL FUNDS GROUP Major Shareholding Notification 2019
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Major Shareholding Notification
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Pendal Group Limited
Level 14, The Chifley Tower 2 Chifley Square Sydney NSW 2000 Australia
ABN 28 126 385 822
Company Announcements Platform Australian Securities Exchange Limited 20 Bridge Street SYDNEY NSW 2000
26 September 2019
Re: Notice of Initial Substantial Holder
In accordance with section 671B of the Corporations Act 2001 (Cth), we attach a Notice of Initial Substantial Holder (Form 603) in respect of Rural Funds Group (RFF).
Yours faithfully
Joanne Hawkins Group Company Secretary
Form 603
Corporations Act 2001 Section 671B
Notice of initial substantial holder
| To | Company Name/Scheme | RURAL FUNDS GROUP (RFF) |
|---|---|---|
| ACN/ARSN | ACN 112 951 578 | |
| 1. | Details of substantial holder(1) | |
| Name | PENDAL GROUP LIMITED (PDL) | |
| ACN/ARSN (if applicable) | ACN 126 385 822 | |
| The holder became a substantial holder on | 24/09/2019 |
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:
| Class of securities (4) | Number of securities | Person's votes (5) | Voting power (6) |
|---|---|---|---|
| Ordinary Shares | 16,830,455 | 16,830,455 | 5.03% |
| Total | 16,830,455 | 16,830,455 | 5.03% |
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) | Number of securities | Class of securities |
|---|---|---|---|
| Pendal Fund Services | Pendal Fund Services | 10,926,727 | Ordinary |
| Limited * | Limited is the | ||
| responsible entity of | |||
| various managed | |||
| investment schemes and, | |||
| in that capacity, can | |||
| exercise the power to | |||
| vote or dispose of the | |||
| shares. | |||
| Pendal Institutional | Pendal Institutional | 5,903,728 | Ordinary |
| Limited | Limited is the | ||
| responsible entity of | |||
| various managed | |||
| investment schemes and, | |||
| in that capacity, can | |||
| exercise the power to | |||
| vote or dispose of the | |||
| shares. |
* Pendal Fund Services Limited has appointed Pendal Institutional Limited to act as the investment manager of the trusts of which it is responsible entity, giving Pendal Institutional Limited the capacity to exercise the power to vote or dispose of the shares. Pendal Institutional Limited therefore also has a relevant interest in shares in which Pendal Fund Services Limited has a relevant interest.
4. Details of present registered holders
The persons registered as holders of the securities referred to in paragraph 3 above are as follows:
| Holder of relevant interest | Registered holder ofsecurities | Persons entitled to beregistered as holder (8) | Class and number ofsecurities |
|---|---|---|---|
| Pendal Fund ServicesLimited | HSBC CustodyNominees (Australia)Limited. | See Annexure 'A' | 10,926,727Ordinary |
| Pendal InstitutionalLimited | Pendal InstitutionalLimited is theresponsible entity ofvarious managedinvestment schemesand, in that capacity,can exercise the powerto vote or dispose ofthe shares. | See Annexure 'A' | 5,903,728Ordinary |
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 | Date of acquisition | Consideration (9) | Class and number of | |
|---|---|---|---|---|
| interest | Cash | Non-cash | securities | |
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 |
|---|---|
7. Addresses
The addresses of persons named in this form are as follows:
| Name | Address |
|---|---|
| Pendal Group Limited (PDL) | Level 14, Chifley Tower, 2 Chifley Square,Sydney NSW 2000 |
| Pendal Fund Services Limited | Level 14, Chifley Tower, 2 Chifley Square,Sydney NSW 2000 |
| Pendal Institutional Limited | Level 14, Chifley Tower, 2 Chifley Square,Sydney NSW 2000 |
| RURAL FUNDS GROUP (RFF) | The Company SecretaryRURAL FUNDS GROUP (RFF)Level 2, 2 King StDeakin, ACT 2600 |
Signature
Print name Joanne Hawkins Capacity Company Secretary
Sign here Date 26/09/2019
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DIRECTIONS
- (1) If there are a number of substantial holders with similar or related relevant interests (e.g. 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 7 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 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 associate has a relevant interest in.
- (6) The person's votes divided by the total votes in the body corporate scheme multiplied by 100.
- (7) Include details of:
- (a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and with 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.
- (8) If the substantial holder is unable to determine the identity of the person (e.g. if the relevant interest arises because of an option) write "unknown".
- (9) 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.
ANNEXURE A
This is annexure 'A' referred to in Form 603, Notice of initial substantial holder, lodged for Pendal Group Limited ACN 126 385 822.
Joanne Hawkins – Company Secretary, Pendal Group Limited 26/09/2019
Sales & Purchases for the period : 24/05/2019 to 24/09/2019 SECURITY: RFF
Pendal Fund Services Limited
| Date | Registered Company | NatureofChange | Quantity | Consideration | Class of Securities | Person'svotesaffected |
|---|---|---|---|---|---|---|
| 4/07/2019 | HSBC Custody Nominees (Australia) Limited. | Sell | -30,261 | -68,692.47 | Ordinary | 30,261 |
| 4/07/2019 | HSBC Custody Nominees (Australia) Limited. | Sell | -78,221 | -177,561.67 | Ordinary | 78,221 |
| 4/07/2019 | HSBC Custody Nominees (Australia) Limited. | Sell | -77,416 | -175,734.32 | Ordinary | 77,416 |
| 5/07/2019 | HSBC Custody Nominees (Australia) Limited. | Sell | -41,315 | -94,611.35 | Ordinary | 41,315 |
| 5/07/2019 | HSBC Custody Nominees (Australia) Limited. | Sell | -36,057 | -82,570.53 | Ordinary | 36,057 |
| 5/07/2019 | HSBC Custody Nominees (Australia) Limited. | Sell | -628 | -1,438.12 | Ordinary | 628 |
| 10/07/2019 | HSBC Custody Nominees (Australia) Limited. | Sell | -173 | -403.09 | Ordinary | 173 |
| 10/07/2019 | HSBC Custody Nominees (Australia) Limited. | Sell | -29,491 | -68,714.03 | Ordinary | 29,491 |
| 16/07/2019 | HSBC Custody Nominees (Australia) Limited. | Sell | -15,344 | -36,365.28 | Ordinary | 15,344 |
| 16/07/2019 | HSBC Custody Nominees (Australia) Limited. | Sell | -7,956 | -18,855.72 | Ordinary | 7,956 |
| 31/07/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 71,178 | 161,574.06 | Ordinary | 71,178 |
| 8/08/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 1,082,907 | 1,981,719.81 | Ordinary | 1,082,907 |
| 14/08/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 250,001 | 497,501.99 | Ordinary | 250,001 |
| 15/08/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 136,587 | 263,612.91 | Ordinary | 136,587 |
| 16/08/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 258,897 | 502,260.18 | Ordinary | 258,897 |
| 16/08/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 86,084 | 166,142.12 | Ordinary | 86,084 |
| 19/08/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 28,853 | 58,571.59 | Ordinary | 28,853 |
| 19/08/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 190,927 | 381,854.00 | Ordinary | 190,927 |
| 20/08/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 124,541 | 249,082.00 | Ordinary | 124,541 |
| 21/08/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 234,673 | 469,346.00 | Ordinary | 234,673 |
| 22/08/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 98,335 | 192,736.60 | Ordinary | 98,335 |
| 23/08/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 7,544 | 14,786.24 | Ordinary | 7,544 |
| 23/08/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 65,103 | 128,903.94 | Ordinary | 65,103 |
| 23/08/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 419,965 | 823,131.40 | Ordinary | 419,965 |
| 27/08/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 32,736 | 69,727.68 | Ordinary | 32,736 |
| 27/08/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 14,994 | 31,937.22 | Ordinary | 14,994 |
| 30/08/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 130,342 | 280,235.30 | Ordinary | 130,342 |
| 2/09/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 45,566 | 94,777.28 | Ordinary | 45,566 |
| 3/09/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 114,104 | 237,336.32 | Ordinary | 114,104 |
| 6/09/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 200,841 | 395,656.77 | Ordinary | 200,841 |
| 6/09/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 96,251 | 189,614.47 | Ordinary | 96,251 |
| 9/09/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 224,999 | 447,748.01 | Ordinary | 224,999 |
| 9/09/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 107,827 | 214,575.73 | Ordinary | 107,827 |
| 18/09/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 450,863 | 892,708.74 | Ordinary | 450,863 |
| 18/09/2019 | HSBC Custody Nominees (Australia) Limited. | Sell | -19,996 | -39,592.08 | Ordinary | 19,996 |
| 18/09/2019 | HSBC Custody Nominees (Australia) Limited. | Sell | -39,099 | -77,416.02 | Ordinary | 39,099 |
| Total | 4,525,552 | 8,547,683.94 | ||||
|---|---|---|---|---|---|---|
| 24/09/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 92,779 | 158,652.09 | Ordinary | 92,779 |
| 24/09/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 32,077 | 54,851.67 | Ordinary | 32,077 |
| 23/09/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 231,521 | 388,955.28 | Ordinary | 231,521 |
| 23/09/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 329,895 | 554,223.60 | Ordinary | 329,895 |
| 18/09/2019 | HSBC Custody Nominees (Australia) Limited. | Sell | -18,100 | -35,838.00 | Ordinary | 18,100 |
| 18/09/2019 | HSBC Custody Nominees (Australia) Limited. | Sell | -71,178 | -140,932.44 | Ordinary | 71,178 |
| 18/09/2019 | HSBC Custody Nominees (Australia) Limited. | Sell | -34,261 | -67,836.78 | Ordinary | 34,261 |
| 18/09/2019 | HSBC Custody Nominees (Australia) Limited. | Sell | -5,219 | -10,333.62 | Ordinary | 5,219 |
| 18/09/2019 | HSBC Custody Nominees (Australia) Limited. | Sell | -62,639 | -124,025.22 | Ordinary | 62,639 |
| 18/09/2019 | HSBC Custody Nominees (Australia) Limited. | Sell | -8,228 | -16,291.44 | Ordinary | 8,228 |
| 18/09/2019 | HSBC Custody Nominees (Australia) Limited. | Sell | -13,085 | -25,908.30 | Ordinary | 13,085 |
| 18/09/2019 | HSBC Custody Nominees (Australia) Limited. | Sell | -4,871 | -9,644.58 | Ordinary | 4,871 |
| 18/09/2019 | HSBC Custody Nominees (Australia) Limited. | Sell | -28,188 | -55,812.24 | Ordinary | 28,188 |
| 18/09/2019 | HSBC Custody Nominees (Australia) Limited. | Sell | -13,112 | -25,961.76 | Ordinary | 13,112 |
| Date | Registered Company | NatureofChange | Quantity | Consideration | Class of Securities | Person'svotesaffected |
|---|---|---|---|---|---|---|
| 7/06/2019 | State Street Australia Limited | Sell | -1,391 | -3,157.57 | Ordinary | 1,391 |
| 31/07/2019 | State Street Australia Limited | Buy | 1,581 | 3,588.87 | Ordinary | 1,581 |
| 8/08/2019 | State Street Australia Limited | Buy | 25,293 | 46,286.19 | Ordinary | 25,293 |
| 14/08/2019 | State Street Australia Limited | Buy | 15,595 | 31,034.05 | Ordinary | 15,595 |
| 15/08/2019 | State Street Australia Limited | Buy | 5,690 | 10,981.70 | Ordinary | 5,690 |
| 27/08/2019 | State Street Australia Limited | Buy | 196 | 417.48 | Ordinary | 196 |
| 6/09/2019 | State Street Australia Limited | Buy | 3,409 | 6,715.73 | Ordinary | 3,409 |
| 9/09/2019 | State Street Australia Limited | Buy | 3,819 | 7,599.81 | Ordinary | 3,819 |
| 23/09/2019 | State Street Australia Limited | Buy | 7,618 | 12,798.24 | Ordinary | 7,618 |
| 24/09/2019 | State Street Australia Limited | Buy | 3,715 | 6,352.65 | Ordinary | 3,715 |
| Total | 65,525 | 122,617.15 | ||||
| Pendal Fund Services Limited | 4,591,077 | 8,670,301.09 |
Pendal Institutional Limited
| Date | Registered Company | NatureofChange | Quantity | Consideration | Class of Securities | Person'svotesaffected |
|---|---|---|---|---|---|---|
| 31/07/2019 | Citicorp Nominees Pty Limited | Buy | 47,457 | 107,727.39 | Ordinary | 47,457 |
| 8/08/2019 | Citicorp Nominees Pty Limited | Buy | 691,800 | 1,265,994.00 | Ordinary | 691,800 |
| 14/08/2019 | Citicorp Nominees Pty Limited | Buy | 159,242 | 316,891.58 | Ordinary | 159,242 |
| 15/08/2019 | Citicorp Nominees Pty Limited | Buy | 90,459 | 174,585.87 | Ordinary | 90,459 |
| 16/08/2019 | Citicorp Nominees Pty Limited | Buy | 63,342 | 122,250.06 | Ordinary | 63,342 |
| 27/08/2019 | Citicorp Nominees Pty Limited | Buy | 44,032 | 93,788.16 | Ordinary | 44,032 |
| 6/09/2019 | Citicorp Nominees Pty Limited | Buy | 40,805 | 80,385.85 | Ordinary | 40,805 |
| 9/09/2019 | Citicorp Nominees Pty Limited | Buy | 45,713 | 90,968.87 | Ordinary | 45,713 |
| 18/09/2019 | Citicorp Nominees Pty Limited | Sell | -218,939 | -433,499.22 | Ordinary | 218,939 |
| 23/09/2019 | Citicorp Nominees Pty Limited | Buy | 150,197 | 252,330.96 | Ordinary | 150,197 |
| 24/09/2019 | Citicorp Nominees Pty Limited | Buy | 63,668 | 108,872.28 | Ordinary | 63,668 |
| Total | 1,177,776 | 2,180,295.80 |
| Date | Registered Company | NatureofChange | Quantity | Consideration | Class of Securities | Person'svotesaffected |
|---|---|---|---|---|---|---|
| 16/08/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 50,089 | 97,172.66 | Ordinary | 50,089 |
| 19/08/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 5,582 | 11,331.46 | Ordinary | 5,582 |
| 19/08/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 36,939 | 73,878.00 | Ordinary | 36,939 |
| 20/08/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 24,095 | 48,190.00 | Ordinary | 24,095 |
| 21/08/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 45,404 | 90,808.00 | Ordinary | 45,404 |
| 22/08/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 18,842 | 36,930.32 | Ordinary | 18,842 |
| 23/08/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 1,458 | 2,857.68 | Ordinary | 1,458 |
| 23/08/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 12,583 | 24,914.34 | Ordinary | 12,583 |
| 23/08/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 81,170 | 159,093.20 | Ordinary | 81,170 |
| 27/08/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 8,042 | 17,129.46 | Ordinary | 8,042 |
| 30/08/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 24,658 | 53,014.70 | Ordinary | 24,658 |
| 2/09/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 8,655 | 18,002.40 | Ordinary | 8,655 |
| 3/09/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 21,675 | 45,084.00 | Ordinary | 21,675 |
| 6/09/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 38,065 | 74,988.05 | Ordinary | 38,065 |
| 9/09/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 42,642 | 84,857.58 | Ordinary | 42,642 |
| 18/09/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 86,052 | 170,382.96 | Ordinary | 86,052 |
| 23/09/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 50,769 | 85,291.92 | Ordinary | 50,769 |
| 24/09/2019 | HSBC Custody Nominees (Australia) Limited. | Buy | 37,761 | 64,571.31 | Ordinary | 37,761 |
| 594,481 | 1,158,498.04 |
Pendal Institutional Limited 1,772,257 3,338,793.84
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