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Tower Limited — Major Shareholding Notification 2021
Apr 19, 2021
66289_rns_2021-04-19_78c659c9-6501-47f6-af2b-dbeb94d94030.pdf
Major Shareholding Notification
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Disclosure of ceasing to have substantial holding
Section 276, Financial Markets Conduct Act 2013
Note: This form must be completed in accordance with the instructions at the end of the form.
To ASX, NZX
and
To Tower Limited
Date this disclosure made: 19/04/2021
Date last disclosure made: 21/10/2020
Date on which substantial holding ceased: 16/04/2021
Substantial product holder(s) giving disclosure
Full name(s): Investment Services Group Limited (formerly Devon Funds Group Limited)
Summary of substantial holding
Class of quoted voting products: Ordinary Shares
Summary for Investment Services Group Limited
For last disclosure, —
- (a) total number held in class: 31,974,122
(b) total in class: 421,647,258
- (c) total percentage held in class: 7.58%
Details of relevant interests
Devon Funds Management Limited and Clarity Funds Management Limited are subsidiaries of Investment Services Group Limited.
Details for Devon Funds Management Limited
Nature of relevant interest(s): Related party of Investment Services Group Limited
For that relevant interest, —
Summary for Devon Funds Management Limited
(a) total number held in class: 20,906,050 (b) total in class: 421,647,258
(c) total percentage held in class: 4.96%
| CUSTODIAN | UNITS |
|---|---|
| CITI for private client | 1,068,205 |
| BNP for private client | 2,709,912 |
| BNP for private client | 4,088,534 |
| Northern for private client | 351,924 |
| BNP for private client | 2,133,147 |
| MMC for private client | 1,593,346 |
| JPM for private client | 6,171,846 |
| JPM for private client | 975,262 |
| Public Trust for private client | 1,250,697 |
| BNP for wholesale clients | 563,177 |
Details for Clarity Funds Management Limited
Nature of relevant interest(s): Related party of Investment Services Group Limited.
For that relevant interest, —
Summary for Clarity Funds Management Limited
- (a) total number held in class: 11,068,072
(b) total in class: 421,647,258
(c) total percentage held in class: 2.62%
| CLARITY | |
|---|---|
| BNP for retails clients | 6,626,186 |
| BNP for retails clients | 4,015,768 |
| BNP for retails clients | 426,118 |
For current holding after ceasing to have substantial holding, -
Summary for Investment Services Group Limited
- (a) total number held in class: 27,379,134
(b) total in class: 421,647,258 (c) total percentage held in class: 6.49%
Details of relevant interests
Details for Devon Funds Management Limited
Nature of relevant interest(s): Related party of Investment Services Group Limited
For that relevant interest, —
Summary for Devon Funds Management Limited
- (a) total number held in class: 17,475,787
(b) total in class: 421,647,258
- (c) total percentage held in class: 4.14%
| CUSTODIAN | Units |
|---|---|
| CITI for private client | 839,212.00 |
| BNP for private client | 2,107,848.00 |
| BNP for private client | 3,770,913.00 |
| BNP for private client | 291,627.00 |
| MMC for private client | 1,602,748.00 |
| JPM for private client | 1,316,860.00 |
| Northern for private client | 5,364,730.00 |
| JPM for private client | 763,618.00 |
| Public Trust for private client | 964,562.00 |
| BNP for wholesale clients | 453,669.00 |
Details for Clarity Funds Management Limited
Nature of relevant interest(s): Related party of Investment Services Group Limited.
For that relevant interest, —
Summary for Clarity Funds Management Limited
- (a) total number held in class: 9,903,347
(b) total in class: 421,647,258
- (c) total percentage held in class: 2.35%
| CLARITY | |
|---|---|
| BNP for retails clients | 5,880,163.00 |
| BNP for retails clients | 3,699,913.00 |
| BNP for retails clients | 323,271.00 |
Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure: Transactions between 19/12/2020 to 19/04/2021
| Transaction Type | Volume | Consideration Paid |
Consideration Received |
|---|---|---|---|
| Sales | 7,808,238.00 | $5,941,968.51 | |
| Purchases | 33,250.00 | $24,150.50 |
Additional information
Address(es) of substantial product holder(s): Investment Services Group Limited, Level 10, 2 Commerce Street, Auckland 1010
Contact details: Suki Chow | P: 09 925 3989 | E: [email protected]
Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: Devon Funds Management Limited
Certification
I, Suki Chow , certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made.