1. Most Discussed
  2. Gainers & Losers
CNU $4.39

Ann: SSH: CNU: SSH Notice - Accident Compensation Corporation

    • Release Date: 11/02/15 16:30
    • Summary: SSH: CNU: SSH Notice - Accident Compensation Corporation
    • Price Sensitive: No
    • Download Document  4.49KB
    					CNU
    11/02/2015 16:30
    SSH
    NOT PRICE SENSITIVE
    REL: 1630 HRS Chorus Limited (NS)
    
    SSH: CNU: SSH Notice - Accident Compensation Corporation
    
    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 Chorus Limited
    
    Relevant event being disclosed: Movement of 1% or more
    Date of relevant event: 10 February 2015
    Date this disclosure made: 11 February 2015
    Date last disclosure made: 22 July 2014
    
    Substantial product holder(s) giving disclosure
    Full Name(s): Accident Compensation Corporation ("ACC")
    Nicholas Bagnall, Paul Robertshawe, Blair Tallott, Blair Cooper, Jason
    Familton, Jason Lindsay, Bevan Flack, Jonathan Davis
    
    Summary of substantial holding
    Class of quoted voting products: Ordinary Shares (CNU)
    Summary for:   Accident Compensation Corporation ("ACC")
    Nicholas Bagnall, Paul Robertshawe, Blair Tallott, Blair Cooper, Jason
    Familton, Jason Lindsay, Bevan Flack, Jonathan Davis
    
    For this disclosure,--
    (a) Total number held in class: 28,293,763
    (b) Total in class:    396,369,767
    (c) Total percentage held in class:  7.138%
    
    For last disclosure,--
    (a) Total number held in class: 32,581,123
    (b) Total in class:    396,369,767
    (c) Total percentage held in class:  8.220%
    
    Details of transactions and events giving rise to relevant event
    Details of the transactions or other events requiring disclosure:
    On market sales of 500,000 shares for net consideration of NZD $1,447,644.00
    on 10 February 2015.
    
    Details after relevant event
    Details for ACC
    Nature of relevant interest(s):
    Beneficial owner of securities under ?235(1)(b)  of the Financial Markets
    Conduct Act
    No relevant agreement document needs to be attached under regulation 139.
    For that relevant interest,--
    (a) Number held in class: 28,293,763
    (b) Percentage held in class: 7.138%
    (c) Current registered holder(s): ACC holds 27,030,401 shares via New
    Zealand Central Securities Depository Limited (NZCSD) and 1,263,362
    indirectly via JP Morgan Nominees Australia Ltd.
    (d) Registered holder(s) once transfers are registered: unknown
    
    Details for Nicholas Bagnall, Paul Robertshawe, Blair Tallott, Blair Cooper,
    Jason Familton, Jason Lindsay, Bevan Flack, Jonathan Davis
    Nature of relevant interest(s):
    Qualified powers to exercise control of rights to vote and of acquisition or
    disposal of some or all of the financial products, of which the Accident
    Compensation Corporation ("ACC") is the beneficial owner under ?235(1)(c)and
    235(1)(d) of the Financial Markets Conduct Act. Further to regulation
    139(2)(b), the material terms of this arrangement are that powers are subject
    to ACC investment policies and the decisions of the ACC Investment Committee.
    
    For that relevant interest,
    (a) Number held in class: 28,293,763
    (b) Percentage held in class: 7.138%
    (c) Current registered holder(s): ACC holds 27,030,401 shares via New
    Zealand Central Securities Depository Limited (NZCSD) and 1,263,362
    indirectly via JP Morgan Nominees Australia Ltd.
    (d) Registered holder(s) once transfers are registered: unknown
    
    For a derivative relevant interest, also--
    (a) type of derivative: n/a
    (b) details of derivative: n/a
    (c) parties to the derivative: n/a
    (d) if the substantial product holder is not a party to the derivative,
    the nature of the relevant interest in the derivative: n/a
    
    Additional information
    Address of substantial product holder(s):
    ACC: Justice Centre, 19 Aitken Street, PO Box 242, Wellington, NZ
    Contact details: Matthew Cunliffe   +64 4 816 5743
    [email protected]
    Nature of connection between substantial product holders: Nicholas Bagnall,
    Paul Robertshawe, Blair Tallott, Blair Cooper, Jason Familton, Jason Lindsay,
    Bevan Flack and  Jonathan Davis are employees and portfolio managers or
    equity analysts for ACC. Under current ACC investment policies, they have the
    discretion to exercise control over some or all the rights to vote and
    acquisition or disposal of some or all of the financial products of which ACC
    is the beneficial owner
    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: n/a
    
    Certification
    I, Matthew Cunliffe, 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.
    End CA:00260534 For:CNU    Type:SSH        Time:2015-02-11 16:30:48
    
    				

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top

Thank you for visiting HotCopper

We have detected that you are running ad blocking software.


HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.