SCHOOLBLAZER LIMITED — Major Shareholding Notification 2020

Apr 22, 2020

604 page 1/2 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 96

1. Details of substantial holder(1)

Name
See Annexure A

ACN/ARSN (if applicable)

There was a change in the interests of the substantial holder on
22 4 20

The previous notice was given to the company on
7/1/20

The previous notice was dated
7/1/20

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	16,181,809	26.5%	21,389,228	29.5%

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 Annexure B

1. Present relevant interests

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 Annexure C

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604 page 2/2 15 July 2001

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
N/A

6. Addresses

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

Name	Address
See Annexure D

Signature

print name: David Constable
capacity: Director
sign here: David Constable
date: 28 4 2020

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 6718(7) of the Corporations Act 2001.

(4) The voting shares of a company constitute one class unless divided into separate classes.

(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 6718(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.

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HGL Limited ACN: 009 657 961

This is Annexure A of 1 page referred to in ASIC Form 604 (Notice of Change of Interests of Substantial Holder)

Signed:
RulConstable

Date:
23-4-2020

Details of substantial holder

• Supervised Investments Australia Limited ACN: 125 580 305 (SIAL)
• Donus Australia Foundation Limited ABN: 396 171 227 46 (Donus)
• Mr David Constable (DC)
• Dr Ida Constable (IC)
• IJV Investments Pty Ltd ACN: 162 906 296 (IJV)
• Kitwood Pty Ltd ACN: 010 205 099 (Kitwood)
• Faystede Pty Ltd ACN: 117 528 364 ATF The Cooper Superannuation Fund (Faystede)

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HGL Limited ACN: 009 657 961

This is Annexure B of 1 pages referred to in ASIC Form 604 (Notice of Change of Interests of Substantial Holder)

Signed: Nulian table
Date: 23-4-2020

Date of change	Person whose relevant interest changed	Nature of change	FPO change	Consideration given in relation to change
22-04-20	SIAL	Rights issue purchase	2,546,337	$502,363.20
22-04-20	IC	Rights issue purchase	2,546,337	$502,445.39
16-04-20	IC	On-market sale	-43,000	-$9,763.50
31-03-20	SIAL	On-market purchase	50,000	$9,029.70
23-03-20	Donus	On-market sale	-76,000	-$17,733.50
20-03-20	SIAL	On-market purchase	18,000	$4,424.55
16-03-20	SIAL	On-market purchase	5,789	$1,248.74
12-03-20	SIAL	On-market purchase	25,000	$5,518.15
11-03-20	SIAL	On-market purchase	25,000	$6,019.80
09-03-20	SIAL	On-market purchase	21,902	$5,493.97
05-03-20	SIAL	On-market purchase	3,140	$850.59
03-03-20	SIAL	On-market purchase	21,129	$5,723.66
02-03-20	SIAL	On-market purchase	42,002	$11,377.96
17-02-20	SIAL	On-market purchase	11,827	$3,319.79
15-01-20	IC	On-market purchase	7,965	$2,705.04
09-01-20	IC	On-market purchase	2,000	$806.50

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HGL Limited ACN: 009 657 961

This is Annexure C of 1 page referred to in ASIC Form 604 (Notice of Change of Interests of Substantial Holder)

Signed: Rillouhale

Date: 23-4-2020

Present relevant interests

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder	Nature of relevant interest	Number of FPO shares and votes
SIAL, Mr David Constable, Dr Ida Constable, Fayrstede	JP Morgan Nominees Australia Limited (JPM) as custodian of The Supervised Fund (TSF).	Equity Trustees (EQT) as trustee for TSF.	SIAL has the power to control securities as investment manager of TSF by appointment of EQT. David Constable, Ida Constable and Fayrstede have a relevant interest in SIAL.	8,833,802
Donus Australia Foundation Limited	Donus Australia Foundation Limited	Donus Australia Foundation Limited	A charitable trust whose director is Dr Ida Constable.	506,000
Dr Ida Constable	Dr Ida Constable	Dr Ida Constable	Holder of shares.	3,466,573
Mr David Constable	Mr David Constable	Mr David Constable	Holder of shares.	255,061
Kitwood	Kitwood	Kitwood	Holder of shares.	1,790,000
IJV	IJV	IJV	Holder of shares.	6,537,792

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HGL Limited ACN: 009 657 961

This is Annexure D of 1 page referred to in ASIC Form 604 (Notice of Change of Interests of Substantial Holder)

Signed: Nulwotc6u
Date: 23-4-2020

Addresses

Name	Address
HGL Limited	68-72 Waterloo Road, Macquarie Park NSW 2113
SIAL	GPO Box 4380, Sydney, NSW 2001
EQT	Level 2, 575 Bourke Street, Melbourne Victoria 3000
JPM	Locked Bag 7, Royal Exchange NSW 1225
Fayrstede	PO Box 718, Moss Vale NSW 2677
Mr David Constable
Dr Ida Constable
Donus Australia Foundation Limited	20 Chandos Street, St Leonards NSW 2065
Kitwood	20 Chandos Street, St Leonards NSW 2065
IJV	20 Chandos Street, St Leonards NSW 2065