VEEM LTD — Major Shareholding Notification 2021

Sep 19, 2021

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

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|---|---|---|---|
|To Company Name/Scheme|Veem Ltd|
|ACN/ARSN:|51 008 944 009|Source:|Australian Business Register|
|1. Details of substantial holder (1)|
|Name:|Perennial Value Management Limited (PVM)|
|ACN/ARSN (if applicable)|22 090 879 904|
|There was a change in the interest of the substantial holder on|16 September 2021|
|The previous notice was given to the company on|28 July 2021|
|The previous notice was dated|27 July 2021|

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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 relavant interest (3) in when last required, and when now required to give a substantial holding notice to the company or scheme, are as follows:

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|---|---|---|---|---|
|Class of securities (4)|Previous notice|Present notice|
|Person's votes|Voting Power (%) (5)|Person's votes|Voting Power (%) (5)|
|Ordinary|15,315,865|11.78|14,228,661|10.53|

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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:

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|Date of change|Person whose relevant|Nature of change (6)|Consideration given in|Class & number of|Person's votes affected|
|interest changed|relation to change (7)|securities affected|
|9/08/2021|[National Asset Servicing]|Buy On the Market|$ 400,665.40|314,939|314,939|
|9/08/2021|[National Asset Servicing]|Buy On the Market|$ 112,379.79|88,335|88,335|
|9/08/2021|[National Asset Servicing]|Sell On the Market|$ 513,045.18|403,274|403,274|
|16/08/2021|[National Asset Servicing]|Sell On the Market|$|9,436.23|6,682|6,682|
|20/08/2021|[National Asset Servicing]|Buy On the Market|$ 12,808.57|9,467|9,467|
|26/08/2021|[National Asset Servicing]|Sell On the Market|$ 26,288.08|19,468|19,468|
|27/08/2021|[BNP Paribas Securities Services]|[Sell On the Market]|$ 46,748.63|36,037|36,037|
|27/08/2021|[BNP Paribas Securities Services]|[Sell On the Market]|$ 205,394.57|158,332|158,332|
|27/08/2021|[National Asset Servicing]|Sell On the Market|$ 331,115.26|255,246|255,246|
|27/08/2021|[National Asset Servicing]|Sell On the Market|$ 373,691.98|288,067|288,067|
|27/08/2021|[Northern Trust]|Sell On the Market|$ 342,883.82|264,318|264,318|
|30/08/2021|[BNP Paribas Securities Services]|[Sell On the Market]|$ 60.59|44|44|
|30/08/2021|[BNP Paribas Securities Services]|[Sell On the Market]|$ 268.51|195|195|
|30/08/2021|[National Asset Servicing]|Sell On the Market|$ 432.36|314|314|
|30/08/2021|[National Asset Servicing]|Sell On the Market|$ 488.82|355|355|
|30/08/2021|[Northern Trust]|Sell On the Market|$ 447.51|325|325|
|3/09/2021|[National Asset Servicing]|Sell On the Market|$ 51,868.29|36,044|36,044|
|6/09/2021|[BNP Paribas Securities Services]|[Sell On the Market]|$ 1,649.08|1,168|1,168|
|6/09/2021|[National Asset Servicing]|Sell On the Market|$ 22,753.97|16,116|16,116|
|7/09/2021|[BNP Paribas Securities Services]|[Sell On the Market]|$ 1,322.66|943|943|
|7/09/2021|[National Asset Servicing]|Sell On the Market|$ 18,257.74|13,017|13,017|
|14/09/2021|[National Asset Servicing]|Buy On the Market|$ 381,076.20|314,939|314,939|
|14/09/2021|[National Asset Servicing]|Buy On the Market|$ 377,926.74|314,939|314,939|
|14/09/2021|[National Asset Servicing]|Buy On the Market|$ 106,885.35|88,335|88,335|
|14/09/2021|[National Asset Servicing]|Buy On the Market|$ 106,001.98|88,335|88,335|
|14/09/2021|[National Asset Servicing]|Buy On the Market|$|8,518,985.91|7,040,484|7,040,484|
|14/09/2021|[National Asset Servicing]|Buy On the Market|$|8,448,579.46|7,040,484|7,040,484|
|14/09/2021|[National Asset Servicing]|Sell On the Market|$|8,448,579.46|7,040,484|7,040,484|
|14/09/2021|[National Asset Servicing]|Sell On the Market|$ 381,076.20|314,939|314,939|
|14/09/2021|[National Asset Servicing]|Sell On the Market|$ 377,926.74|314,939|314,939|
|14/09/2021|[National Asset Servicing]|Sell On the Market|$ 106,885.35|88,335|88,335|
|14/09/2021|[National Asset Servicing]|Sell On the Market|$ 106,001.98|88,335|88,335|
|14/09/2021|[National Asset Servicing]|Sell On the Market|$|8,518,985.91|7,040,484|7,040,484|

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4. Present Relevant Interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

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|---|---|---|---|---|---|
|Holder of relevant interest|Registered holder of|Person entitled to be|Nature of relevant|Class & number of|Person's votes|
|securities|registered as holder (8)|interest (6)|securities (Ord)|
|Perennial Value Management Limited|National Asset Servicing|National Asset Servicing|9,727,884|9,727,884|9,727,884|
|Perennial Value Management|Northern Trust|Northern Trust|2,105,026|2,105,026|2,105,026|
|Limited|
|Perennial Value Management|BNP Paribas Securities Services|BNP Paribas Securities|2,395,751|2,395,751|2,395,751|
|Limited|Services|

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5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name & ACN

Nature of association

Not applicable

6. Addresses

The addresses of persons named in this form as as follows:

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Name Address
Perennial Value Management Ltd Level 27, 88 Phillip St
Sydney NSW 2000
Veem Ltd Veem Ltd22 Baile Road, Canning Vale, Wa 6155
Signature
Print Name Bill Anastasopoulos Capacity Company Secretary
Sign Here Date 17/09/2021
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