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SCHOOLBLAZER LIMITED Major Shareholding Notification 2016

May 19, 2016

65751_rns_2016-05-19_ab0291f2-8b0b-48f7-9b0d-d54463629d42.pdf

Major Shareholding Notification

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604 Page 1 of 3 15 July 2001

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme HGL Limited (ASX: HNG)

ACN/ARSN 009 657 961

  1. Details of substantial holder (1)

Name
Mrs Ida Constable, IJV Investments Pty Ltd (ACN 162 908 296, Mr David Constable, Kitwood Pty Ltd (ACN 010 205 099), Ms Lola Lichter, Ms Virginia Little, Ms Sarah Constable, Mr Joseph Constable and Supervised Investments Australia Limited (ACN 125 850 305) ("The Holders")

ACN/ARSN (if applicable)

There was a change in the interests of the substantial holder on 18/05/2016

The previous notice was given to the company on 25/09/2015

The previous notice was dated 23/09/2015

  1. Previous and present 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 when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4) Previous notice Present notice
Person's votes Voting power (5) Person's votes Voting power (5)
FPO Shares 10,190,127 18.9% 10,932,484 19.9%
  1. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate 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 (6) Consideration given in relation to change (7) Class and number of securities affected Person's votes affected
SEE ANNEX A
  1. Present relevant interests

604 Page 2 of 3 15 July 2001

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest Registered holder of securities Person entitled to be registered as holder (8) Nature of relevant interest (6) Class and number of securities Person's votes
SEE ANNEX B

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) 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

6. Addresses

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

Name Address
SEE ANNEX-C

Signature

print name Mitch Taylor

capacity Portfolio Manager Supervised Investments Australia Limited

sign here img-0.jpeg

date 20/5/2016

DIRECTIONS

(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 6 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.


604 Page 3 of 3 15 July 2001

(5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

(6) Include details of:

(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

(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.

(7) 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.

(8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".

(9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.


ANNEXURE A - CHANGES IN RELEVANT INTERESTS

Date of Change Person whose relevant interest changed Class and number of FPO securities affected Persons votes affected Consideration given in relation to change Nature of change
18/2/2016 Dr Ida Constable 7,235 7,235 $ 3,038.70 On Market Trade
17/5/2016 Dr Ida Constable 10,000 10,000 $ 4,200.00 On Market Trade
16/5/2016 Dr Ida Constable 20,000 20,000 $ 8,526.50 On Market Trade
8/4/2016 Kitwood Pty Ltd 17,182 17,182 $ 7,731.90 On Market Trade
5/4/2016 Kitwood Pty Ltd 9,489 9,489 $ 4,080.27 On Market Trade
29/3/2016 Kitwood Pty Ltd 5,300 5,300 $ 2,432.00 On Market Trade
18/3/2016 Kitwood Pty Ltd 10,000 10,000 $ 4,426.50 On Market Trade
3/3/2016 Kitwood Pty Ltd 1,644 1,644 $ 866.30 On Market Trade
3/3/2016 Kitwood Pty Ltd 8,599 8,599 $ 3,869.55 On Market Trade
29/2/2016 Kitwood Pty Ltd 1,401 1,401 $ 630.45 On Market Trade
26/2/2016 Kitwood Pty Ltd 10,000 10,000 $ 4,625.58 On Market Trade
19/2/2016 Kitwood Pty Ltd 1,943 1,943 $ 1,020.00 On Market Trade
8/2/2016 Kitwood Pty Ltd 32,000 32,000 $ 14,400.00 On Market Trade
4/2/2016 Kitwood Pty Ltd 451 451 $ 329.45 On Market Trade
3/2/2016 Kitwood Pty Ltd 6,459 6,459 $ 2,857.59 On Market Trade
1/2/2016 Kitwood Pty Ltd 31,000 31,000 $ 13,689.16 On Market Trade
25/1/2016 Kitwood Pty Ltd 8,250 8,250 $ 3,630.00 On Market Trade
20/1/2016 Kitwood Pty Ltd 430 430 $ 184.90 On Market Trade
18/1/2016 Kitwood Pty Ltd 10,000 10,000 $ 4,400.00 On Market Trade
13/1/2016 Kitwood Pty Ltd 6,114 6,114 $ 2,656.52 On Market Trade
22/12/2016 Kitwood Pty Ltd 1,100 1,100 $ 462.00 On Market Trade
17/12/2016 Kitwood Pty Ltd 5,000 5,000 $ 2,100.00 On Market Trade
14/12/2015 Kitwood Pty Ltd 11,000 11,000 $ 4,620.00 On Market Trade
11/12/2015 Kitwood Pty Ltd 647 647 $ 370.74 On Market Trade
10/12/2015 Kitwood Pty Ltd 36,889 36,889 $ 16,320.44 On Market Trade
30/11/2015 Kitwood Pty Ltd 10,000 10,000 $ 4,826.40 On Market Trade
27/11/2015 Kitwood Pty Ltd 11,649 11,649 $ 5,622.27 On Market Trade
26/11/2015 Kitwood Pty Ltd 30,422 30,422 $ 14,833.73 On Market Trade
20/11/2015 Kitwood Pty Ltd 14,000 14,000 $ 5,630.80 On Market Trade
29/10/2015 Kitwood Pty Ltd 21,256 21,256 $ 7,266.78 On Market Trade
23/10/2015 Kitwood Pty Ltd 60,000 60,000 $ 20,512.20 On Market Trade
22/10/2015 Kitwood Pty Ltd 3,000 3,000 $ 1,025.61 On Market Trade
20/10/2015 Kitwood Pty Ltd 4,000 4,000 $ 1,367.48 On Market Trade
15/10/2015 Kitwood Pty Ltd 9,000 9,000 $ 3,076.83 On Market Trade
14/10/2015 Kitwood Pty Ltd 1,385 1,385 $ 473.50 On Market Trade
13/10/2015 Kitwood Pty Ltd 35,000 35,000 $ 11,965.45 On Market Trade
12/10/2015 Kitwood Pty Ltd 12,697 12,697 $ 4,340.72 On Market Trade
6/10/2015 Kitwood Pty Ltd 4,125 4,125 $ 1,405.76 On Market Trade
24/9/2015 Kitwood Pty Ltd 983 983 $ 334.22 On Market Trade
23/9/2015 Kitwood Pty Ltd 2,173 2,173 $ 738.82 On Market Trade
18/12/2015 Kitwood Pty Ltd 35,606 35,606 $ 17,446.94 DRIP
18/12/2015 IJV Investments Pty Ltd 188,776 188,776 $92,500.24 DRIP
Supervised Investments
Australia Limited ATF The
18/12/2015 Supervised Fund 91,837 91,837 $45,000.13 DRIP
18/12/2015 Ms Sarah Constable 1,254 1,254 $614.46 DRIP
18/12/2015 Mr Joseph Constable 1,254 1,254 $614.46 DRP

ANNEXURE B - PRESENT RELEVANT INTERESTS
Holder of relevant interest Registered holder of securities Person entitled to be registered as holder Nature of relevant interest Class and number of securities Persons votes
IJV Investments Pty Ltd IJV Investments Pty Ltd IJV Investments Pty Ltd Holder of shares (s608(1)(a)) 5,771,429 FPO 5,771,429
Supervised Investments Australia Limited JP Morgan Nominees Australia Limited Supervised Investments Australia Limited ATF the Supervised Fund Relevant interest in shares held through Supervised Investments Australia Limited ATF The Supervised Fund (s608(3)(a)) 3,091,837 FPO 3,091,837
Supervised Investments Australia Limited Armada Trading Pty Ltd Supervised Investments Australia Limited Relevant interest in options over 10% of Armada Trading Pty Ltd's FPO Shares in HGL Limited held by Supervised Investments Australia Limited 91,934 FPO 91,934
Supervised Investments Australia Limited Trina Investments Pty Ltd Supervised Investments Australia Limited Relevant interest in options over 10% of Trina Investments Pty Ltd's FPO Shares in HGL Limited held by Supervised Investments Australia Limited 23,361 FPO 23,361
Mrs Ida Constable Mrs Ida Constable, IJV Investments Pty Ltd, Supervised Investments Australia Limited and Supervised Investments Australia Limited ATF The Supervised Fund. Mrs Ida Constable, IJV Investments Pty Ltd, Supervised Investments Australia Limited and Supervised Investments Australia Limited ATF The Supervised Fund, Relevant interest in shares and options held through IJV Investments Pty Ltd and JP Morgan Nominees 8,978,561 FPO 8,978,561
Mrs Ida Constable Mrs Ida Constable Mrs Ida Constable Holder of shares (s608(1)(a)) 342,235 FPO 342,235
Ms Virginia Little Ms Virginia Little Ms Virginia Little Holder of shares (s608(1)(a)) 71500 FPO 71,500
Kitwood Pty Ltd Kitwood Pty Ltd Kitwood Pty Ltd Holder of shares (s608(1)(a)) 1,415,768 FPO 1,415,768
Mr David Constable Kitwood Pty Ltd Kitwood Pty Ltd Relevant interest in shares held by Kitwood Pty Ltd as controller of Kitwood Pty Ltd (s608(3)(b)) 1,415,768 FPO 1,415,768
Ms Lola Lichter Ms Lola Lichter Ms Lola Lichter Holder of shares (s608(1)(a)) 40,000 FPO 40,000
Mr Joseph Constable Mr Joseph Constable Mr Joseph Constable Holder of shares (s608(1)(a)) 42,210 FPO 42,210
Ms Sarah Constable Ms Sarah Constable Ms Sarah Constable Holder of shares (s608(1)(a)) 42,210 FPO 42,210
Total 10,932,484
% of SOI 19.9%

ANNEXURE C - ADDRESSES

Name Address
IJV Investments Pty Ltd 20 Chandos Street, St Leonards, NSW 2065
Mrs Ida Constable 205 Gillards Road, Pokolbin, NSW 2328
Supervised Investments Australia Limited Suite 701, 65 York Street, Sydney, NSW 2000
JP Morgan Nominees Australia Limited Locked bag 7, Royal Exchange NSW 1225
Kitwood Pty Ltd 20 Chandos Street, St Leonards, NSW 2065
Mr David Constable 205 Gillards Road, Pokolbin, NSW 2328
Ms Lola Lichter 45 Seymour Road, Elsternwick VIC 3135
Ms Sarah Constable 205 Gillards Road, Pokolbin, NSW 2328
Mr Joseph Constable 205 Gillards Road, Pokolbin, NSW 2328
Trina Investments Pty Ltd C/- Barry Mendal Frank Group, Level 53, 19 Martin Place, Sydney NSW 2000
Armada Investments Pty Ltd C/- Barry Mendal Frank Group, Level 53, 19 Martin Place, Sydney NSW 2000
Ms Virginia Little 100 Cabramatta Road, Mosman, NSW 2088