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TOWER LIMITED — Major Shareholding Notification 2019
Apr 11, 2019
65971_rns_2019-04-11_27fa214f-3ef1-457d-9ae8-1515fd41b0a2.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
Sections 277 and 278, Financial Markets Conduct Act 2013
To NZX Limited and To Tower Limited
Relevant event being disclosed:
Date of relevant event: 29 March 2019
Date this disclosure made: 1 April 2019
Date last disclosure made: 3 May 2018
Substantial product holder(s) giving disclosure
Full name(s): Salt Funds Management Limited
Summary of substantial holding
Class of quoted voting products: Tower Limited Ordinary Shares (TWR)
Summary for Salt Funds Management Limited
For this disclosure,—
-
(a) total number held in class: 45,223,493
-
(b) total in class: 337,324,300
-
(c) total percentage held in class: 13.407% For last disclosure,—
-
(a) total number held in class: 41,634,524
-
(b) total in class: 337,324,300
-
(c) total percentage held in class: 12.343%
100080615/3821103.1
Details of transactions and events giving rise to relevant event
| Transaction Type | Period | Shares/Units | Consideration |
|---|---|---|---|
| On-market purchases | 25/05/18 – 29/03/19 | 5,347,043 | $3,983,888 |
| On-market sales | 11/05/18 – 02/11/18 | 1,238,707 | ($1,003,173) |
| Off-market In-Specie Transfer |
30/11/18 | 519,367 | (399,912.59) |
| 3,588,969 | 2,580,802 |
Details after relevant event
Details for Salt Funds Management Limited
Nature of relevant interest(s): Investment Manager
For that relevant interest,—
-
(a) total number held in class: 45,223,493
-
(b) total in class: 337,324,300
-
(c) total percentage held in class: 13.407%
-
(d) registered holder(s) once transfers are registered: See Annexure 1.
Additional information
Address(es) of substantial product holder(s): Level 3, The Imperial Buildings, 44 Queen Street, Auckland 1050
Contact details:
Julia Diepbrink, Telephone: 09 869 2933, Email: [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: Not applicable.
Certification
I, Julia Diepbrink, 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.
100080615/3821103.1
ANNEXURE 1
SUBSTANTIAL SECURITY HOLDER NOTICE FROM SALT FUNDS MANAGEMENT LTD
DATED 1 April 2019
| Name of type of shares | Tower Limited Ordinary Shares |
|---|---|
| Percentage held | 13.407% |
| Registered holder: | Guardian Nominees No.2 Ltd (as custodian for BT Funds Management (NZ) Ltd) |
| Holding: | 19,275,565 (5.714%) |
| Registered holder: | National Nominees Ltd (as custodian for Salt Investment Funds Ltd) |
| Holding: | 13,004,974 (3.855%) |
| Registered holder: | Trustees Executors Limited (as custodian for TGH Equities Ltd) |
| Holding: | 868,417 (0.257%) |
| Registered holder: | BNP Paribas Nominees (NZ) Ltd (as custodian for AMP Capital Investors (New Zealand) Ltd) |
| Holding: | 12,074,537 (3.580%) |
100080615/3821103.1