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TOWER LIMITED — Major Shareholding Notification 2020
Dec 6, 2020
65971_rns_2020-12-06_7f242765-74de-4b5a-80a8-4a21cef80d81.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: 1 December 2020
Date this disclosure made: 3 December 2020
Date last disclosure made: 25 October 2019
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: 57,240,142
-
(b) total in class: 421,647,258
-
(c) total percentage held in class: 13.575%
-
For last disclosure,—
-
(a) total number held in class: 61,476,815
-
(b) total in class: 421,647,258
-
(c) total percentage held in class: 14.580%
Details of transactions and events giving rise to relevant event
Salt Funds Management participated in the 1:4 rights issue purchasing a total of 11,969,648 shares for consideration of $6,703,002.88 and participated in the subunderwriting purchasing a total of 1,628,567shares for consideration of $911,997.52. In addition, Salt Funds Management undertook the following transactions as part of normal on-market trading activities:
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| Transaction Type | Period | Shares/Units | Consideration |
|---|---|---|---|
| On-market purchases | 20/11/19 – 30/11/20 | 4,356,716 | $(2,775,963.21) |
| On-market sales | 04/11/19 – 01/12/20 | -8,593,389 | $5,430,936.93 |
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: 57,240,142
-
(b) total in class: 421,647,258
-
(c) total percentage held in class: 13.575%
-
(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:
Kate Allen, 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, Kate Allen, 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 03 December 2020
| Name of type of shares | Tower Limited Ordinary Shares |
|---|---|
| Percentage held | 13.575% |
| Registered holder: | Guardian Nominees No.2 Ltd (as custodian for BT Funds Management (NZ) Ltd) |
| Holding: | 26,058,766 (6.180%) |
| Registered holder: | National Nominees Ltd (as custodian for Salt Investment Funds Ltd) |
| Holding: | 14,814,514 (3.513%) |
| Registered holder: | Trustees Executors Limited (as custodian for TGH Equities Ltd) |
| Holding: | 1,865,429 (0.443%) |
| Registered holder: | BNP Paribas Nominees (NZ) Ltd (as custodian for AMP Capital Investors (New Zealand) Ltd) |
| Holding: | 14,501,433 (3.439%) |
100080615/3821103.1