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TOWER LIMITED — Major Shareholding Notification 2013
Dec 9, 2013
65971_rns_2013-12-09_99bdbae4-a9c6-4d97-a536-c06c6eb1aa3d.pdf
Major Shareholding Notification
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Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest or both
Section 23 and 24, Securities Markets Act 1988
Relevant event being disclosed: Change in nature of relevant interest
Date of relevant event: 11[th] December 2013
To: The New Zealand Stock Exchange
And: Tower Limited
Date this disclosure made: 10[th] December 2013
Date last disclosure made: 6[th] November 2013
Substantial security holder(s) giving disclosure
Name(s): Milford Asset Management Limited
Contact details: Bryce Marsden, Chief Operating Officer, contact: (09) 921 4707
E-mail: [email protected]
Summary of substantial holding to which disclosure relates
Class of listed voting securities: Ordinary Share
Summary for: Milford Asset Management Limited
For this disclosure, —
- (a) total number held in class: 14,143,851
(b) total in class: 207,193,438
- (c) total percentage held in class: 6.83% (note, relevant interests held by the manager as follows):
Milford Active Growth Wholesale Fund (1.97%), (Custodian - TEA Custodians),
Trust Investments Sustainable NZ Share Fund (0.07%), (Custodian - TEA Custodians), Waikato Community Trust (0.05%), (Custodian - TEA Custodians),
Milford Income Wholesale Fund (2.24%), (Custodian - TEA Custodians),
NZ Equities Wholesale Fund (0.38%), (Custodian - TEA Custodians),
New Zealand Superannuation Fund (1.66%), (Custodian - New Zealand Superannuation Fund Nominees Limited),
Mercer Trans-Tasman Shares Trust (0.46%), (Custodian – BNP Paribas Securities Limited).
For the last disclosure,—
- (a) total number held in class: 16,916,120
(b) total in class: 207,193,438
- (c) total percentage held in class: 8.16% (note, relevant interests held by the manager as follows):
Milford Active Growth Wholesale Fund (2.45%), (Custodian - TEA Custodians),
Trust Investments Sustainable NZ Share Fund (0.16%), (Custodian - TEA Custodians),
Waikato Community Trust (0.11%), (Custodian - TEA Custodians),
Milford Income Wholesale Fund (2.24%), (Custodian - TEA Custodians),
NZ Equities Wholesale Fund (0.97%), (Custodian - TEA Custodians),
New Zealand Superannuation Fund (1.75%), (Custodian - New Zealand Superannuation Fund Nominees Limited),
Mercer Trans-Tasman Shares Trust (0.48%), (Custodian – BNP Paribas Securities Limited).
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure under the instructions to this form: Milford Asset Management Limited undertook the below on market transactions.
| Settlement Date | Buy/Sell | Shares | Consideration |
|---|---|---|---|
| 12-Nov-13 | Sell | -20,000 | -35,375 |
| 13-Nov-13 | Sell | -15,530 | -27,305 |
| 15-Nov-13 | Sell | -37,500 | -65,054 |
| 25-Nov-13 | Sell | -250,000 | -423,725 |
| 27-Nov-13 | Buy | 50,201 | 85,427 |
| 29-Nov-13 | Sell | -11,440 | -19,798 |
| 2-Dec-13 | Sell | -488,560 | -839,069 |
| 3-Dec-13 | Sell | -11,489 | -19,702 |
| 4-Dec-13 | Sell | -488,511 | -828,221 |
| 5-Dec-13 | Sell | -20,819 | -35,319 |
| 11-Dec-13 | Sell | -1,478,621 | -2,432,405 |
Additional information
Nature of connection between substantial security holders: NA
Address(es) of substantial security holder(s): Milford Asset Management Limited, Level 17, 41 Shortland Street, Auckland 1140, New Zealand.
Name of any other person believed to have given, or believed to be required to give, a disclosure under the Act in relation to the securities to which this disclosure relates: NA
Declaration
I, Bryce Marsden declare 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.