SCHOOLBLAZER LIMITED — Major Shareholding Notification 2021

Dec 8, 2021

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	See Annexure A
ACN/ARSN (if applicable)
There was a change in the interests of thesubstantial holder on	21221//
The previous notice was given to the company on	15721//

7

14 21

The previous notice was given to the company on / / The previous notice was dated / /

2. 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	22,822,634	12.8%	22,932,634	11.4%

3. 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 ofchange	Person whoserelevant interestchanged	Nature ofchange (6)	Considerationgiven in relationto change (7)	Class andnumber ofsecuritiesaffected	Person's votesaffected
	See Annexure B

4. Present relevant interests

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

Holder ofrelevantinterest	Registeredholder ofsecurities	Person entitledto be registeredas holder (8)	Nature ofrelevantinterest (6)	Class andnumber ofsecurities	Person's votes
	See Annexure C

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 Annexure D

Signature

print name	Joseph Constable	Company Secretarycapacity
sign here		71221date//

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.
• (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, becom`e 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.

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

Signed: Date: ______________________________________ __________________

7/12/21

Details of substantial holder

• Donus Australia Foundation Limited ABN: 396 171 227 46 (Donus)
• Mr David Constable (David)
• Dr Ida Constable (Ida)
• IJV Investments Pty Ltd ACN: 162 906 296 (IJV)
• Kitwood Pty Ltd ACN: 010 205 099 (Kitwood)

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

Signed: Date: ______________________________________ __________________

7/12/21

Date of change	Person whoserelevant interestchanged	Nature of change	FPOchange	Considerationgiven inrelation tochange
02/12/2020	All entities	Dilution due to placement	N/A	N/A
22/11/2021	Ida	On market sale	-20,000	-$9,378.97
19/11/2021	Ida	On market sale	-35,000	-$15,374.99
18/11/2021	Ida	On market sale	-5,000	-$1,923.50
27/10/2021	Donus	On market purchase	35,000	$9,975.00
08/10/2021	Donus	On market purchase	35,000	$9,576.50
28/09/2021	Donus	On market purchase	10,000	$2,500.00
27/09/2021	Donus	On market purchase	20,000	$5,216.50
20/09/2021	Donus	On market purchase	10,000	$2,400.00
17/09/2021	Donus	On market purchase	2,327	$581.75
16/09/2021	Donus	On market purchase	57,673	$14,671.25

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

Signed: Date: ______________________________________ __________________

7/12/21

Present relevant interests

Holder of relevant	Registered holder	Person entitled to	Nature of	Number of
interest	of securities	be registered as	relevant interest	FPO shares
		holder		and votes
Donus Australia	Donus Australia	Donus Australia	A charitable trust	2,355,641
Foundation Limited	Foundation Limited	Foundation Limited	whose director is
			Dr Ida Constable.
Dr Ida Constable	Dr Ida Constable	Dr Ida Constable	Holder of shares.	5,285,277
Mr David Constable	Mr David Constable	Mr David Constable	Holder of shares.	5,114,476
Kitwood	Kitwood	Kitwood	Holder of shares.	2,000,000
IJV	IJV	IJV	Holder of shares.	8,172,240

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

Signed: Date: ______________________________________ __________________

7/12/21

Addresses

Name	Address
HGL Limited	Unit 4, 17 Stanton Road, Seven Hills NSW 2147
Mr David Constable	205 Gillards Road, Pokolbin NSW 2320
Dr Ida Constable	205 Gillards Road, Pokolbin NSW 2320
Donus Australia	20 Chandos Street, St Leonards NSW 2065
Foundation Limited
Kitwood	20 Chandos Street, St Leonards NSW 2065
IJV	20 Chandos Street, St Leonards NSW 2065