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SERVICE STREAM LIMITED Major Shareholding Notification 2021
65865_rns_2021-08-04_05f139fd-0583-4fb3-a119-719b5357b225.pdf
Major Shareholding Notification
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ASX TO CROSS RELEASE: SSM
5 August 2021
BY ASX ONLINE - 7 pages
Manager Company Announcements ASX Limited Level 10 20 Bond Street SYDNEY NSW 2000
Dear Sir/Madam,
Notice of change of interests of substantial holder Service Stream Limited [ASX:SSM]
Following is a Form 604 Notice of change of interests of substantial holder dated 5 August 2021 in accordance with section 671B of the Corporations Act 2001.
Yours sincerely,
CRAIG SMITH ACIS, CPA Secretary
Form 604 Corporations Act 2001
Section 671B
Notice of change of interests of substantial holder
| To: | company name/scheme | SERVICE STREAM LTD |
|---|---|---|
| ABN | 46 072 369 870 |
1. Details of substantial holder
| Name | THORNEY OPPORTUNITIES LTD and each of the associatedentities listed in the attached Annexure 'A' to this notice. |
|---|---|
| ACN | 080 167 264 |
| There was a change in the interests of the substantial holder on | 02-Aug-21 |
|---|---|
| The previous notice was given to the company on | 26-Jul-19 |
| The previous notice was dated | 26-Jul-19 |
2. Previous and present voting power
The total number of shares votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate had a relevant interest 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 | Previous Notice | Present Notice | ||
|---|---|---|---|---|
| Person's votes | Voting power | Person's votes | Voting power | |
| Fully Paid Ordinary Shares | 22,659,766 | 5.64% | 40,806,800 | 7.35% |
3. Changes in relevant interests
Particulars of each change in, or change in the nature of, relevant interests 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 are as follows:
| Date ofChange | Person whose relevant interestchanged | Nature ofchange | Considerationgiven in relation tochange | Number and class ofsecurities affected | Person'svotesaffected |
|---|---|---|---|---|---|
| 29-Jul-19 | Thorney International Pty Ltdand each of the ThorneyInvestment Group entities listedin Annexure 'A' (together'Thorney Investment Group') | Market sale | $Nil | 375,000 ordinary shares | 375,000 |
| Thorney Opportunities Ltd | $376,430.00 | 125,000 ordinary shares | 125,000 | ||
| Thorney Investment Group | $Nil | 33,773 ordinary shares | 33,773 | ||
| 30-Jul-19 | Thorney Opportunities Ltd | Market sale | $33,999.16 | 11,258 ordinary shares | 11,258 |
| 31-Jul-19 | Thorney Investment Group | $Nil | 271,649 ordinary shares | 271,649 | |
| Thorney Opportunities Ltd | Market sale | $271,726.85 | 90,550 ordinary shares | 90,550 | |
| 01-Aug-19 | Thorney Investment Group | $Nil | 557,912 ordinary shares | 557,912 | |
| Thorney Opportunities Ltd | Market sale | $560,467.78 | 185,972 ordinary shares | 185,972 | |
| Thorney Investment Group | $Nil | 75,000 ordinary shares | 75,000 | ||
| 02-Aug-19 | Thorney Opportunities Ltd | Market sale | $74,912.50 | 25,000 ordinary shares | 25,000 |
| 06-Aug-19 | MarketThorney Investment Grouppurchase | $Nil | 150,000 ordinary shares | 150,000 | |
| Thorney Investment Group | Market sale | $Nil | 70,546 ordinary shares | 70,546 | |
| 07-Aug-19 | Thorney Investment Group | Market sale | $Nil | 18,964 ordinary shares | 18,964 |
| 09-Aug-19 | Thorney Investment Group | Market sale | $Nil | 60,490 ordinary shares | 60,490 |
3. Changes in relevant interests continued
Particulars of each change in, or change in the nature of, relevant interests 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 are as follows:
| Date ofChange | Person whose relevantinterest changed | Nature of change | Considerationgiven in relation | Class and number ofsecurities affected | Person'svotes |
|---|---|---|---|---|---|
| toChange | affected | ||||
| Thorney Investment Group | $Nil | 41,081 ordinary shares | 41,081 | ||
| 28-Aug-19 | Market saleThorney Opportunities Ltd | $58,681.5 | 20,235 ordinary shares | 20,235 | |
| Thorney Investment Group | $Nil | 13,304 ordinary shares | 13,304 | ||
| 29-Aug-19 | Thorney Opportunities Ltd | Market sale | $19,006.60 | 6,554 ordinary shares | 6,554 |
| Thorney Investment Group | $Nil | 46,600 ordinary shares | 46,600 | ||
| 30-Aug-19 | Thorney Opportunities Ltd | Market sale | $67,799.16 | 23,400 ordinary shares | 23,400 |
| 23-Oct-19 | Thorney Investment Group | Market purchase | $Nil | 74,713 ordinary shares | 74,713 |
| Thorney Investment Group | $Nil | 87,767 ordinary shares | 87,767 | ||
| 26-Nov-19 | Thorney Opportunities Ltd | Market purchase | $206,600.57 | 87,767 ordinary shares | 87,767 |
| Thorney Investment Group | $Nil | 22,572 ordinary shares | 22,572 | ||
| 27-Nov-19 | Thorney Opportunities Ltd | Market purchase | $53,721.36 | 22,572 ordinary shares | 22,572 |
| 28-Nov-19 | Thorney Investment Group | Market purchase | $Nil | 19,717 ordinary shares | 19,717 |
| Thorney Investment Group | $Nil | 62,508 ordinary shares | 62,508 | ||
| 04-Dec-19 | Thorney Opportunities Ltd | Market purchase | $145,256.09 | 62,508 ordinary shares | 62,508 |
| 13-Dec-19 | Thorney Investment Group | Market purchase | $Nil | 23,351 ordinary shares | 23,351 |
| 15-Jan-20 | Thorney Investment Group | Market sale | $Nil | 100,000 ordinary shares | 100,000 |
| 06-Feb-20 | Thorney Investment Group | Market purchase | $Nil | 100,000 ordinary shares | 100,000 |
| 10-Feb-20 | Thorney Opportunities Ltd | Market purchase | $991,200.00 | 420,000 ordinary shares | 420,000 |
| Thorney Opportunities Ltd | $229,500.00 | 100,000 ordinary shares | 100,000 | ||
| 11-Feb-20 | Waislitz Family Foundation | Market purchase | $Nil | 120,000 ordinary shares | 120,000 |
| 12-Feb-20 | Thorney Opportunities Ltd | Market purchase | $226,000.00 | 100,000 ordinary shares | 100,000 |
| 19-Feb-20 | Thorney Opportunities Ltd | Market purchase | $230,000.00 | 100,000 ordinary shares | 100,000 |
| 20-Feb-20 | Thorney Opportunities Ltd | Market purchase | $204,300.00 | 90,000 ordinary shares | 90,000 |
| 21-Feb-20 | Jasforce Pty Ltd | Market purchase | $Nil | 130,000 ordinary shares | 130,000 |
| 28-Feb-20 | Jasforce Pty Ltd | Market purchase | $Nil | 70,000 ordinary shares | 70,000 |
| 04-Mar-20 | Thorney Opportunities Ltd | Market purchase | $50,000.00 | 25,000 ordinary shares | 25,000 |
| 12-Mar-20 | Jasforce Pty Ltd | Market purchase | $Nil | 56,000 ordinary shares | 56,000 |
| 16-Mar-20 | Jasforce Pty Ltd | Market purchase | $Nil | 60,000 ordinary shares | 60,000 |
| Thorney International PtyLtd and Thorney InvestmentGroup | Off markettransfer sale | $Nil | 15,546,075ordinary shares | 15,546,075 | |
| 24-Mar-20 | Tiga Trading Pty Ltdand Thorney InvestmentGroup | Off markettransfer purchase | $Nil | 15,546,075 ordinaryshares | 15,546,075 |
| Thorney Investment Group | $Nil | 88,719 ordinary shares | 88,719 | ||
| 27-Mar-20 | Thorney Opportunities Ltd | Market sale | $173,197.23 | 88,719 ordinary shares | 88,719 |
| Thorney Investment Group | $Nil | 24,569 ordinary shares | 24,569 | ||
| 31-Mar-20 | Thorney Opportunities Ltd | Market sale | $47,914.46 | 24,569 ordinary shares | 24,569 |
3. Changes in relevant interests continued
Particulars of each change in, or change in the nature of, relevant interests 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 are as follows:
| Date ofChange | Person whose relevantinterest changed | Nature of change | Considerationgiven in relation | Class and number ofsecurities affected | Person'svotes |
|---|---|---|---|---|---|
| toChange | affected | ||||
| 10-Aug-20 | Waislitz Family Foundation | Market purchase | $Nil | 57,500 ordinary shares | 57,500 |
| Jasforce Pty Ltd | $Nil | 55,000 ordinary shares | 55,000 | ||
| 19-Aug-20 | Waislitz Family Foundation | Market purchase | $Nil | 55,000 ordinary shares | 55,000 |
| 21-Sep-20 | Waislitz Family Foundation | Market purchase | $Nil | 28,000 ordinary shares | 28,000 |
| 22-Sep-20 | Waislitz Family Foundation | Market purchase | $Nil | 28,000 ordinary shares | 28,000 |
| 05-Oct-20 | Thorney Opportunities Ltd | Market sale | $408,000.00 | 200,000 ordinary shares | 200,000 |
| 06-Oct-20 | Thorney Opportunities Ltd | Market sale | $102,000.00 | 50,000 ordinary shares | 50,000 |
| 08-Oct-20 | Thorney Opportunities Ltd | Market sale | $252,036.00 | 120,000 ordinary shares | 120,000 |
| 09-Oct-20 | Thorney Investment Group | Market sale | $Nil | 23,192 ordinary shares | 23,192 |
| 09-Oct-20 | Thorney Opportunities Ltd | Market sale | $119,068.40 | 54,122 ordinary shares | 54,122 |
| 12-Oct-20 | Thorney Opportunities Ltd | Market sale | $264,106.15 | 122,686 ordinary shares | 122,686 |
| 19-Oct-20 | Thorney Opportunities Ltd | Market sale | $199,800.00 | 90,000 ordinary shares | 90,000 |
| 19-Oct-20 | Waislitz Family Foundation | Market sale | $Nil | 38,500 ordinary shares | 38,500 |
| 19-Nov-20 | Thorney Opportunities Ltd | Market sale | $299,000.00 | 130,000 ordinary shares | 130,000 |
| 14-Dec-20 | Thorney Opportunities Ltd | Market sale | $357.404.95 | 150,000 ordinary shares | 150,000 |
| 16-Dec-20 | Thorney Opportunities Ltd | Market sale | $32,307.18 | 13,133 ordinary shares | 13,133 |
| 25-Feb-21 | Thorney Investment Group | Market purchase | $Nil | 1,050,000 ordinary shares | 1,050,000 |
| 26-Feb-21 | Thorney Investment Group | Market purchase | $Nil | 500,000 ordinary shares | 500,000 |
| 02-Mar-21 | Thorney Investment Group | Market purchase | $Nil | 875,000 ordinary shares | 875,000 |
| 05-Mar-21 | Thorney Investment Group | Market purchase | $Nil | 275,000 ordinary shares | 275,000 |
| 11-Mar-21 | Waislitz Family Foundation | Market purchase | $Nil | 100,000 ordinary shares | 100,000 |
| 26-Mar-21 | Jasforce Pty Ltd | Market purchase$Nil | 129,000 ordinary shares | 129,000 | |
| Jasforce Pty Ltd | Market purchase | $Nil | 50,000 ordinary shares | 50,000 | |
| 01-Apr-21 | Waislitz Family Foundation | Market purchase | $Nil | 50,000 ordinary shares | 50,000 |
| Jasforce Pty Ltd | Market purchase | $Nil | 50,000 ordinary shares | 50,000 | |
| 06-Apr-21 | Waislitz Family Foundation | Market purchase | $Nil | 50,000 ordinary shares | 50,000 |
| Jasforce Pty Ltd | Market purchase | $Nil | 41,611 ordinary shares | 41,611 | |
| 09-Apr-21 | Waislitz Family Foundation | Market purchase | $Nil | 41,611 ordinary shares | 41,611 |
| Jasforce Pty Ltd | Market purchase | $Nil | 8,389 ordinary shares | 8,389 | |
| 12-Apr-21 | Waislitz Family Foundation | Market purchase | $Nil | 8,389 ordinary shares | 8,389 |
| Jasforce Pty Ltd | Market purchase | $Nil | 50,000 ordinary shares | 50,000 | |
| 19-Apr-21 | Waislitz Family Foundation | Market purchase | $Nil | 50,000 ordinary shares | 50,000 |
| Thorney Investment Group | Market purchase | $Nil | 750,000 ordinary shares | 750,000 | |
| 20-Apr-21 | Thorney Opportunities Ltd | Market purchase | $253,125.00 | 250,000 ordinary shares | 250,000 |
| Jasforce Pty Ltd | Market purchase | $Nil | 100,000 ordinary shares | 100,000 | |
| 26-Apr-21 | Waislitz Family Foundation | Market purchase | $Nil | 50,000 ordinary shares | 50,000 |
| 11-May-21 | Jasforce Pty Ltd | Market purchase | $Nil | 50,000 ordinary shares | 50,000 |
| Thorney Investment Group | Market purchase | $Nil | 440,000 ordinary shares | 440,000 | |
| 12-May-21 | Thorney Opportunities Ltd | Market purchase | $99,550.00 | 110,000 ordinary shares | 110,000 |
| Jasforce Pty Ltd | Market purchase | $Nil | 50,000 ordinary shares | 50,000 |
3. Changes in relevant interests continued
Particulars of each change in, or change in the nature of, relevant interests 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 are as follows:
| Date ofChange | Person whose relevantinterest changed | Nature of change | Considerationgiven in relationtoChange | Class and number ofsecurities affected | Person'svotesaffected |
|---|---|---|---|---|---|
| Thorney Investment Group | Market purchase | $Nil | 285,000 ordinary shares | 285,000 | |
| 13-May-21 | Jasforce Pty Ltd | Market purchase | $Nil | 100,000 ordinary shares | 100,000 |
| 24-May-21 | Thorney Investment Group | Market purchase | 240,000 ordinary shares | 240,000 | |
| Jasforce Pty Ltd | $Nil | 333,334 ordinary shares | 333,334 | ||
| Waislitz Family Foundation | $Nil | 222,223 ordinary shares | 222,223 | ||
| 02-Aug-21 | Thorney Investment Group | Placement | $Nil | 11,888,887 ordinaryshares | 11,888,887 |
| Thorney Opportunities Ltd | $1,000,000.80 | 1,111,112 ordinary shares | 1,111,112 |
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 | Nature of relevant interest | Number andclass ofsecurities | Person'svotes |
|---|---|---|---|---|---|
| ThorneyOpportunitiesLtd | UBSNomineesPty Ltd | ThorneyOpportunitiesLtd | Thorney Opportunities Ltd has a relevantinterest under section 608(1)(b) of theCorporations Act 2001 (Cth) (the Act) as itis the beneficial holder of those shares. | 6,937,761ordinaryshares | 6,937,761 |
| ThorneyInvestment | UBSNominees | ThorneyOpportunitiesLtd | Thorney Investment Group is taken tohave a relevant interest as it has thecapacity to determine the outcome ofdecisions about the financial and operatingpolicies of each of the entities in theadjacent column. | 6,937,761ordinaryshares | 6,937,761 |
| Group | Pty Ltd | TIGA TradingPty Ltd | Thorney Investment Group is taken undersection 608(3)(b) of the Act to have arelevant interest as it holds all the issuedcapital in Tiga Trading. | 31,713,482ordinaryshares | 31,713,482 |
| Jasforce PtyLtd, as trusteefor the AlexWaislitzRetirementPlan(Jasforce) | Jasforce | Jasforce | Jasforce has a relevant interest undersection 608(1)(a) of the Act as it is theregistered holder of those shares. | 1,333,334ordinaryshares | 1,333,334 |
| WaislitzCharitableCorporationPty Ltd, astrustee for theWaislitzFamilyFoundation | WaislitzFamilyFoundation | Waislitz FamilyFoundation | Waislitz Family Foundation has a relevantinterest under section 608(1)(a) of the Actas it is the registered holder of thoseshares. | 822,223ordinaryshares | 822,223 |
| Mr AlexWaislitz | ThorneyUBSLtd | Opportunities | Each of the entities listed in the adjacentcolumn (and in Annexure "A") are | 6,937,761ordinaryshares | 6,937,761 |
| NomineesPty LtdTIGA TradingPty Ltd | 'associates' pursuant to section12(2)(a)(iii) of the Act by virtue of thembeing commonly controlled by Mr Alex | 31,713,482ordinaryshares | 31,713,482 | ||
| Jasforce | Jasforce | Waislitz who, pursuant to section 50AA ofthe Act, has the capacity to determine theoutcome of decisions about the financial | 1,333,334ordinaryshares | 1,333,334 | |
| WaislitzWaislitz FamilyFamilyFoundationFoundation | and operating policies of each of thoseentities. | 822,223ordinaryshares | 822,223 |
5. Changes in association
The persons who have become associates of, ceased to be associates of, or have changed the nature of their association with, the substantial holder in relation to voting interests in the company or scheme are as follows:
| Name | Nature of association |
|---|---|
| N/A | While there has been no change in association in respect of any of the entities listedin this notice since the last substantial holder notice was given, for completeness, wenote that each of the entities listed in Annexure "A" to this notice are 'associates' inrespect of the Company pursuant to section 12(2)(a)(iii) of the Act by virtue of thembeing commonly controlled by Mr Alex Waislitz who, pursuant to section 50AA of theAct, has the capacity to determine the outcome of decisions about the financial andoperating policies of each of those entities. In addition, Mr Alex Waislitz holds, directlyor indirectly, a relevant interest of 50% or more in each of Jasforce, WaislitzCharitable Corporation, Early Force and Jamahjo. |
6. Addresses
The addresses of persons named in this form are as follows:
| Name | Address |
|---|---|
| Thorney Opportunities Ltd, ACN 080 167 264 | Level 39, 55 Collins Street, Melbourne 3000 |
| Thorney International Pty Ltd, ACN 132 886 698 | Level 39, 55 Collins Street, Melbourne 3000 |
| Tiga Trading Pty Ltd, ACN 118 961 210 | Level 39, 55 Collins Street, Melbourne 3000 |
| Thorney Investment Group and each of the entities listed inAnnexure 'A' to this notice | See Annexure 'A' to this notice |
| Jasforce Pty Ltd, ACN 017 167 713 as trustee for the AlexWaislitz Retirement Plan | c/- Wilson Pateras, Ground Floor, 40 River Boulevard,Richmond 3121 |
| Waislitz Charitable Corporation Pty Ltd, ACN 163 623 612as trustee for the Waislitz Family Foundation | Level 39, 55 Collins Street, Melbourne 3000 |
| Alex Waislitz | Level 39, 55 Collins Street, Melbourne 3000 |
Signature
Print name CRAIG SMITH ACIS, CPA Capacity SECRETARY
Sign here Date: 5 August 2021
ANNEXURE 'A'
This is Annexure A referred to in the Form 604 Notice of change of interests of substantial holder signed by me and dated 5 August 2021.
......................................... CRAIG SMITH Secretary
SUBSTANTIAL HOLDERS - ENTITY DETAILS
| Associated Entities | Address |
|---|---|
| Thorney Investment Group | |
| Jamahjo Pty Ltd, ACN 117 488 696 as trustee for the Halex FamilyTrust | c/- Wilson Pateras, Ground Floor, 40 River Boulevard,Richmond 3121 |
| Thistle Custodians Pty Ltd, ACN 078 027 193 | Level 39, 55 Collins Street, Melbourne 3000 |
| Thistle Holdings Pty Ltd, ACN 075 051 464 | Level 39, 55 Collins Street, Melbourne 3000 |
| Thorney Alpha Pty Ltd, ACN 162 820 537 | Level 39, 55 Collins Street, Melbourne 3000 |
| Thorney Beta Pty Ltd, ACN 162 828 677 | Level 39, 55 Collins Street, Melbourne 3000 |
| Thorney Holdings Pty Ltd, ACN 006 262 835 | Level 39, 55 Collins Street, Melbourne 3000 |
| Thorney International Pty Ltd, ACN 132 886 698 | Level 39, 55 Collins Street, Melbourne 3000 |
| Thorney Investment Group Australia Pty Ltd,ACN 117 488 892 | Level 39, 55 Collins Street, Melbourne 3000 |
| Thorney Management Services Pty Ltd, ACN 164 880 148 | Level 39, 55 Collins Street, Melbourne 3000 |
| Thorney Omega Pty Ltd, ACN 163 964 636 | Level 39, 55 Collins Street, Melbourne 3000 |
| Tiga Property Pty Ltd, ACN 117 811 453 | Level 39, 55 Collins Street, Melbourne 3000 |
| Tiga (Ballarat) Pty Ltd, ACN 117 812 030 | Level 39, 55 Collins Street, Melbourne 3000 |
| Tiga Finance Pty Ltd, ACN 118 521 412 | Level 39, 55 Collins Street, Melbourne 3000 |
| Tiga (Hawthorn) Pty Ltd, ACN 126 952 663 | Level 39, 55 Collins Street, Melbourne 3000 |
| Tiga Tails Pty Ltd, ACN 080 534 416 | Level 39, 55 Collins Street, Melbourne 3000 |
| Tiga Trading Pty Ltd, ACN 118 961 210 | Level 39, 55 Collins Street, Melbourne 3000 |
| Other associates | |
| Early Force Pty Ltd, ACN 103 134 363 as trustee for the AlexWaislitz Property Investment Trust | Level 39, 55 Collins Street, Melbourne 3000 |
| Jamah Investments Pty Ltd, ACN 093 388 928 as trustee for theJamah Investment Trust | c/- Wilson Pateras, Ground Floor, 40 River Boulevard,Richmond 3121 |
| Jasforce Pty Ltd, ACN 017 167 713 as trustee for the Alex WaislitzRetirement Plan | c/- Wilson Pateras, Ground Floor, 40 River Boulevard,Richmond 3121 |
| Thorney Technologies Ltd , ACN 096 782 188 | Level 39, 55 Collins Street, Melbourne 3000 |
| Two Towers Pty Ltd, ACN 134 730 546 | c/- Wilson Pateras, Ground Floor, 40 River Boulevard,Richmond 3121 |
| Urban Land Nominees Pty Ltd, ACN 004 753 066 | c/- Wilson Pateras, Ground Floor, 40 River Boulevard,Richmond 3121 |
| Waislitz Charitable Corporation Pty Ltd, ACN 163 623 612 as trusteefor the Waislitz Family Foundation | Level 39, 55 Collins Street, Melbourne 3000 |