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TOWER LIMITED Major Shareholding Notification 2015

Feb 24, 2015

65971_rns_2015-02-24_1881e084-7eab-4abc-a909-4515f6f3a706.pdf

Major Shareholding Notification

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25 February 2015

Company Announcements Platform Australian Securities Exchange Limited 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam,

Revised Notice of change of interests of substantial holder.

I refer to the Notice of Change of Interests of Substantial Holder lodged in respect of Tower Limited, on 24 February 2015.

The transaction history (set out in Annexure A) attached to the notice lodged on 24 February 2015 was not complete. Accordingly, an updated transaction history is now attached to the revised notice.

Yours faithfully,

Chris Millard Company Secretary

{00008065.DOC}BT Investment Management Limited ABN 28 126 385 822

www.btim.com.au

GPO Box 7072 Sydney NSW 2001 Australia

The Chifley Tower Level 15, 2 Chifley Square Sydney NSW 2000 Australia Tel 612 8253 2999

BT[® ] is a registered trade mark of BT Financial Group Pty Ltd and is used under licence

Form 604

Corporations Law Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme

TOWER LIMITED (TWR)

ACN/ARSN ARBN 088 481 234

1. Details of substantial holder(1)

Name

BT INVESTMENT MANAGEMENT LIMITED (BTT)

ACN/ARSN (if applicable) ACN 007 457 141

There was a change in the interests of the substantial holder on 20/02/2015 The previous notice was given to the company on 21/08/2014 The previous notice was dated 19/08/2014

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 in the company or scheme, are as follows:

Class of securities (4) Previous Notice Previous Notice Present Notice Present Notice
Person’s votes VotingPower Person’s votes VotingPower(5)
ORDINARY
SHARES
15,920,483 8.94% 13,085,161 7.45%

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:


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
20/02/2015 WBC & its Associates , BT
Funds Management (NZ)
Limited and BT Investment
Management (Institutional)
Limited
See
Annexure
‘A’
See
Annexure
‘A’
See
Annexure
‘A’
See
Annexure
‘A’

{00008066.DOCX}Page 1

4. 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
BT Funds
Management (NZ)
Limited
HSBC Custody
Nominees
(Australia)
Limited.
BTNZ Unit
Trusts
Nominees Ltd
Guardian
Nominees No. 2
Limited
BT Funds
Management (NZ)
Limited is the
manager of various
superannuation
funds, institutional
investor portfolios
and unit trusts and,
in that capacity,
can exercise the
power to vote or
dispose of the
shares.
11,175,161
Ordinary
11,175,161
BT Investment
Management
(Institutional)
Limited
HSBC Custody
Nominees
(Australia)
Limited.
BT Portfolio
Services
Limited
Citicorp
Nominees Pty
Limited
HSBC Custody
Nominees
(Australia)
Limited.
BT Investment
Management
(Institutional)
Limited
(previously known
as BT Investment
Management (RE)
Limited) is the
fund manager of
various
superannuation
funds, institutional
investor portfolios
and unit trusts and,
in that capacity,
can exercise the
power to vote or
dispose of the
shares.
1,910,000
Ordinary
1,910,000

5. Changes in association

The persons who have become associates (2) of, or ceased to be associates of, or have changed the nature of their association (9) with, the 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

6.
Addresses
The addresses ofpersons named in this form are as follows:
Name Address
Westpac Banking Corporation (WBC) Level 20, Westpac Place, 275 Kent St, Sydney
NSW 2000
BT Investment Management (Institutional)
Limited
Level 14, Chifley Tower, 2 Chifley Square
SYDNEY NSW 2000
BT Funds Management (NZ) Limited Level 15, PWC Tower, 188 Quay Street,
Auckland,New Zealand
TOWER LIMITED (TWR) The Company Secretary,
TOWER LIMITED (TWR)
Level 11, Tower Centre, 22 Fanshawe Street
AUCKLAND NEW ZEALAND
Tel: +64 9 369 2000
Fax: +64 9 369 2160

{00008066.DOCX}Page 2

  • Signature print name Chris Millard capacity Company Secretary sign here date 25/02/2015 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 6of the form.

  • (2) See the definition of “associate” in section 9 of the Corporations Law. (3) See the definition of “relevant interest” in sections 608 and 671B(7) of the Corporations Law. (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 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 with 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).

  • (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 changes in that association since the last substantial holding notice.

{00008066.DOCX}Page 3

ANNEXURE A

This is annexure ‘A’ referred to in Form 604, Notice of change of interests of substantial holder, lodged for Westpac Banking Corporation ACN 007 457 141 and its associated entities.

Tim Hartin– Company Secretary, Westpac Banking Corporation 25/02/2015

TRANSACTION HISTORY

Sales & Purchases for the period : 21/08/2014 to 20/02/2015 SECURITY: TWR

Asgard Capital Management Limited Asgard Capital Management Limited
Date Registered Company Nature of
Change
Quantity Consideration Class of
Securities
Person’s
votes
affected
27/01/2015 ASGARD Capital Management Limited Sale -202 -404.00 Ordinary 202
Total -202 -404.00
Asgard Capital Management Limited Total : -202 -404.00
BT Investment Management (Institutional) Limited BT Investment Management (Institutional) Limited
Date Registered Company Nature of
Change
Quantity Consideration Class of
Securities
Person’s
votes
affected
22/08/2014 HSBC Custody Nominees (Australia) Limited.
Purchase
150,000 264,000 Ordinary 150,000
8/12/2014 HSBC Custody Nominees (Australia) Limited.
Purchase
440,000 858,000 Ordinary 440,000
10/02/2015 HSBC Custody Nominees (Australia) Limited.
Sale
-280,000 -596,400 Ordinary 280,000
11/02/2015 HSBC Custody Nominees (Australia) Limited.
Sale
-150,000 -325,500 Ordinary 150,000
Total 160,000 200,100
BT Investment Management (Institutional) Limited Total : 160,000 200,100

BT Funds Management (NZ) Limited

Date Registered Company Nature of
Change
Quantity Consideration Class of
Securities
Person’s
votes
affected
22/08/2014 Guardian Nominees No. 2 Ltd Sale -366,000 -713,700 Ordinary 366,000
26/08/2014 Guardian Nominees No. 2 Ltd Sale -329,000 -658,000 Ordinary 329,000
14/10/2014 Guardian Nominees No. 2 Ltd Purchase 15,000 29,250 Ordinary 15,000
10/12/2014 Guardian Nominees No. 2 Ltd Sale -430,000 -946,000 Ordinary 430,000
7/01/2015 Guardian Nominees No. 2 Ltd Purchase 28,742 62,370 Ordinary 28,742
19/02/2015 Guardian Nominees No. 2 Ltd Sale -1,063,000 -2,508,680 Ordinary 1,063,000
Total -2,144,258 -4,734,759.86

{00008066.DOCX}Page 4

Date Registered Company Nature of
Change
Quantity Consideration Class of
Securities
Person’s
votes
affected
22/08/2014 BTNZ Unit Trust Nominees Ltd Sale -55,000 -107,250.00 Ordinary 55,000
26/08/2014 BTNZ Unit Trust Nominees Ltd Sale -11,000 -22,000.00 Ordinary 11,000
10/09/2014 BTNZ Unit Trust Nominees Ltd Sale -13,500 -27,742.50 Ordinary 13,500
10/12/2014 BTNZ Unit Trust Nominees Ltd Sale -60,000 -132,000.00 Ordinary 60,000
19/02/2015 BTNZ Unit Trust Nominees Ltd Sale -157,000 -370,520.00 Ordinary 157,000
22/08/2014 BTNZ Unit Trust Nominees Ltd Sale -74,000 -144,300.00 Ordinary 74,000
26/08/2014 BTNZ Unit Trust Nominees Ltd Sale -60,000 -120,000.00 Ordinary 60,000
27/08/2014 BTNZ Unit Trust Nominees Ltd Sale -100,000 -200,000.00 Ordinary 100,000
10/09/2014 BTNZ Unit Trust Nominees Ltd Sale -13,500 -27,742.50 Ordinary 13,500
29/09/2014 BTNZ Unit Trust Nominees Ltd Sale -80,000 -160,000.00 Ordinary 80,000
21/10/2014 BTNZ Unit Trust Nominees Ltd Purchase 44,389 84,339.10 Ordinary 44,389
22/10/2014 BTNZ Unit Trust Nominees Ltd Purchase 21,000 39,750.90 Ordinary 21,000
24/10/2014 BTNZ Unit Trust Nominees Ltd Purchase 39,120 74,163.70 Ordinary 39,120
28/10/2014 BTNZ Unit Trust Nominees Ltd Purchase 35,880 67,515.40 Ordinary 35,880
29/10/2014 BTNZ Unit Trust Nominees Ltd Purchase 9,448 17,864.28 Ordinary 9,448
30/10/2014 BTNZ Unit Trust Nominees Ltd Purchase 10,242 19,550.96 Ordinary 10,242
3/11/2014 BTNZ Unit Trust Nominees Ltd Sale -40,511 -80,211.78 Ordinary 40,511
4/11/2014 BTNZ Unit Trust Nominees Ltd Sale -11,430 -22,637.12 Ordinary 11,430
10/12/2014 BTNZ Unit Trust Nominees Ltd Sale -80,000 -176,000.00 Ordinary 80,000
19/02/2015 BTNZ Unit Trust Nominees Ltd Sale -255,000 -601,800.00 Ordinary 255,000
Total -850,862 -1,889,019.56
BT Funds Management (NZ) Limited Total : -2,995,120 -6,623,779.42

{00008066.DOCX}Page 5

ANNEXURE A – ASSOCIATED COMPANIES

This is annexure ‘A’ referred to in Form 604, Notice of change of interests of substantial holder, lodged for Westpac Banking Corporation ACN 007 457 141 and its associated entities.

Tim Hartin – Company Secretary WBC– 25/02/2015

Westpac Banking Corporation Australia Qvalent Pty Limited Australia
1925 (Commercial) Pty Limited Australia RAMS Financial Group Pty Limited Australia
1925 (Industrial) Pty Limited Australia Reinventure Fund ILP Australia
1925 Advances Pty Limited Australia RMS Warehouse Trust 2007-1 Australia
A.G.C. (Pacific) Limited Papua New
Guinea
Sallmoor Pty Limited Australia
Advance Asset Management Limited Australia Securitor Financial Group Limited Australia
Altitude Administration Pty Limited Australia Seed Pool Trust No. 2 Australia
Altitude Rewards Pty Limited Australia Series 2007-1G WST Trust Australia
Aotearoa Financial Services Limited New Zealand Series 2008-1M WST Trust Australia
Ascalon Capital Managers (Asia) Limited Hong Kong Series 2009-1 WST Trust Australia
Ascalon Capital Managers Limited Australia Series 2011-1 WST Trust Australia
Ascalon Funds Seed Pool Trust Australia Series 2011-2 WST Trust Australia
Asgard Capital Management Limited Australia Series 2011-3 WST Trust Australia
Asgard Wealth Solutions Limited Australia Series 2012-1 WST Trust Australia
Australian Loan Processing Security Company Pty Ltd Australia Series 2013-1 WST Trust Australia
Australian Loan Processing Security Trust Australia Series 2013-2 WST Trust Australia
Bella Trust No. 2 Australia Series 2014-1 WST Trust Australia
Bella Trust Australia SIE-Lease (Australia) Pty Limited Australia
Belliston Pty Limited Australia SIE-Lease (New Zealand) Pty Limited New Zealand
Bill Acceptance Corporation Pty Limited Australia Sixty Martin Place (Holdings) Pty Limited Australia
BLE Capital Limited Australia St.George Business Finance Pty Limited Australia
BT (Queensland) Pty Limited Australia St.George Custodial Pty Limited Australia
BT Australia Pty Limited Australia St.George Equity Finance Limited Australia
BT Financial Group (NZ) Limited New Zealand St.George Finance Holdings Limited Australia
BT Financial Group Pty Limited Australia St.George Finance Limited Australia
BT Funds Management (NZ) Limited New Zealand St.George Life Limited Australia
BT Funds Management Limited Australia St.George Motor Finance Limited Australia
BT Funds Management No.2 Limited Australia St.George Procurement Management Pty Limited Australia
BT Investment Management (Fund Services) Limited Australia St.George Security Holdings Pty Limited Australia
BT Investment Management (Institutional) Limited Australia Sydney Capital Corp Inc. USA
BT Investment Management Limited Australia Tavarua Funding Trust IV USA
BT Long Term Income Fund Australia Teuton Pty Limited Australia
BT Portfolio Services Limited Australia The Home Mortgage Company Limited New Zealand
BT Private Nominees Pty Limited Australia The Mortgage Company Pty Limited Australia
BT Securities Limited Australia The Warehouse Financial Services Limited New Zealand
BT Short Term Income Fund Australia Value Nominees Pty Limited Australia
BTIM UK Limited UK W2 Investments Pty Limited Australia
Canning Park Capital Pte. Ltd Australia Waratah Receivables Corp Pty Limited Australia
Capital Corporate Finance Limited Australia Waratah Securities Australia Limited Australia
Capital Finance (NZ) Limited Australia Westpac (NZ) Investments Limited New Zealand

{00008066.DOCX}Page 6

Capital Finance Australia Limited Australia Westpac Administration Pty Limited Australia
Capital Finance New Zealand Limited Australia Westpac Administration 2 Limited Australia
Capital Fleetlease Limited Australia Westpac Administration 3 Limited Australia
Capital Motor Finance Limited Australia Westpac Administration 4 Limited Australia
Capital Rent Group Limited New Zealand Westpac Altitude Rewards Trust Australia
Castlereagh Trust Australia Westpac Americas Inc. USA
CBA Limited Australia Westpac Asian Lending Pty Limited Australia
Challenge Limited Australia Westpac Bank of Tonga Tonga
Core Infrastructure Income Feeder 1 L P UK Westpac Bank Samoa Limited Samoa
Papua New
Core Infrastructure Income Feeder 2 L P UK Westpac Bank-PNG-Limited Guinea
Core Infrastructure Income Master L P UK Westpac Capital Holdings Inc. USA
Crusade ABS Series 2012 - 1 Trust Australia Westpac Capital Markets Holding Corp. USA
Crusade ABS Series 2013 - 1 Trust Australia Westpac Capital Markets LLC USA
Crusade CP Management Pty Limited Australia Westpac Capital Trust IV USA
Crusade CP No.1 Pty Limited Australia Westpac Capital-NZ-Limited New Zealand
Crusade CP Trust No. 52 Australia Westpac Cash PIE Fund Australia
Crusade CP Trust No. 53 Australia Westpac Cook Cove Trust I Australia
Crusade CP Trust No. 55 Australia Westpac Cook Cove Trust II Australia
Crusade CP Trust No. 56 Australia Westpac Covered Bond Trust Australia
Crusade CP Trust No. 57 Australia Westpac Custodian Nominees Pty Limited Australia
Crusade CP Trust No. 58 Australia Westpac Debt Securities Pty Limited Australia
Crusade Euro Trust 1E of 2006 Australia Westpac Delta LLC USA
Crusade Euro Trust 1E of 2007 Australia Westpac Direct Equity Investments Pty Limited Australia
Crusade Global Trust 1 of 2006 Australia Westpac Equipment Finance (No.1) Pty Limited Australia
Crusade Global Trust 1 of 2007 Australia Westpac Equipment Finance Limited Australia
Crusade Global Trust 2 of 2005 Australia Westpac Equity Holdings Pty Limited Australia
Crusade Global Trust 2 of 2006 Australia Westpac Equity Investments NZ Limited New Zealand
Crusade Management Limited Australia Westpac Equity Pty Limited Australia
Crusade Trust 1A of 2005 Australia Westpac Europe Limited UK
Crusade 2P Trust of 2008 Australia Westpac Finance (HK) Limited Hong Kong
Danaby Pty Limited Australia Westpac Financial Consultants Limited Australia
Data Republic Holdings Pty Limited Australia Westpac Financial Holdings Pty Limited Australia
eQR Securities Pty. Limited Australia Westpac Financial Services Group Limited Australia
Europe Infrastructure Debt LP UK Westpac Financial Services Group-NZ-Limited New Zealand
G.C.L. Investments Pty Limited Australia Westpac Financial Services Limited Australia
General Credit Holdings Pty Limited Australia Westpac Funds Financing Holdco Pty Limited Australia
General Credits Pty Limited Australia Westpac Funds Financing Pty Limited Australia
Halcyon Securities Pty Limited Australia Westpac General Insurance Limited Australia
Hastings Advisers LLC USA Westpac General Insurance Services Limited Australia
Hastings Forestry Investments Limited New Zealand Westpac Global Capital Markets Pty Limited Australia
Hastings Forests Australia Pty Limited Australia Westpac Group Investment-NZ-Limited New Zealand
Hastings Funds Management (UK) Limited Singapore Westpac Group Investments Australia Pty Limited Australia
Hastings Funds Management (USA) Inc. UK Westpac Holdings-NZ-Limited New Zealand
Hastings Funds Management Asia Pty. Limited USA Westpac Investment Capital Corporation USA
Hastings Funds Management Limited Australia Westpac Investment Vehicle No.2 Pty Limited Australia
Hastings Infrastructure 1 Limited UK Westpac Investment Vehicle No.3 Pty Limited Australia

{00008066.DOCX}Page 7

Hastings Infrastructure 2 Limited UK Westpac Investment Vehicle Pty Limited Australia
Hastings Investment Capital LP USA Westpac Leasing Nominees-Vic.-Pty Limited Australia
Hastings Investment Management Pty Ltd USA Westpac Lenders Mortgage Insurance Limited Australia
Hastings Investment Management (Europe) Ltd UK Westpac Life Insurance Services Limited Australia
Hastings Investments GP LLC Australia Westpac Life-NZ-Limited New Zealand
Hastings Korea Company Limited Korea Westpac New Zealand Group Limited New Zealand
Hastings Management Pty Limited Australia Westpac New Zealand Limited New Zealand
Hastings Private Equity Fund IIA Pty Limited Australia Westpac Nominees-NZ-Limited New Zealand
Hickory Trust Australia Westpac NZ Covered Bond Holdings Limited New Zealand
Hitton Pty Limited Australia Westpac NZ Covered Bond Limited New Zealand
HLT Custodian Trust New Zealand Westpac NZ Operations Limited New Zealand
Infrastructure GP LLP UK Westpac NZ Securitisation Holdings Limited New Zealand
Infrastructure GP 2 LLP UK Westpac NZ Securitisation Limited New Zealand
Infrastructure Research and Advisory Services Private
Limited India Westpac NZ Securitisation No. 2 Limited New Zealand
J O Hambro Capital Management Holdings Limited UK Westpac Overseas Holdings No. 2 Pty Limited Australia
J O Hambro Capital Management Limited UK Westpac Overseas Holdings Pty Limited Australia
JOHCM (Singapore) Pte Limited Singapore Westpac Pacific Limited Partnership Australia
JOHCM (USA) Inc USA Westpac Properties Limited Australia
Magnitude Group Pty Limited Australia Westpac RE Limited Australia
MIF Custodian Trust New Zealand Westpac Securities Administration Limited Australia
Mortgage Management Pty Limited Australia Westpac Securities Limited Australia
Nationwide Management Pty Limited Australia Westpac Securities NZ Limited New Zealand
Net Nominees Limited Australia Westpac Securitisation Holdings Pty Limited Australia
North Ryde Office Trust Australia Westpac Securitisation Management Pty Limited Australia
Number 120 Limited New Zealand Westpac Singapore Limited Singapore
Oniston Pty Limited Australia Westpac Structured Products Limited Australia
Packaging Properties 1 Pty Limited Australia Westpac Superannuation Nominees-NZ-Limited New Zealand
Packaging Properties 2 Pty Limited Australia Westpac Syndications Management Pty Limited Australia
Packaging Properties 3 Pty Limited Australia Westpac Term PIE Fund New Zealand
Partnership Pacific Pty Limited Australia Westpac TPS Trust Australia
Partnership Pacific Securities Pty Limited Australia Westpac Unit Trust Australia
Pashley Investments Pty Limited Australia Westpac USA Inc. USA

Note: Westpac retains 59.6% ownership of BT Investment Management Limited who lodges separate notices under ASX code ‘BTT’

BT Investment Management Limited (59.6%)

BT Investment Management (Institutional) Limited (Subsidiary of BT Investment Management Limited)

Australia Australia

{00008066.DOCX}Page 8