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CNU $4.40

Ann: SSH: CNU: SSH Notice - Chorus Limited

  1. 					CNU
    11/02/2015 16:42
    SSH
    NOT PRICE SENSITIVE
    REL: 1642 HRS Chorus Limited (NS)
    
    SSH: CNU: SSH Notice - Chorus Limited
    
    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: 4 February 2015
    Substantial product holder(s) giving disclosure
    Full Name(s): Jonathan Davis
    Summary of substantial holding
    Class of quoted voting products: Ordinary Shares (CNU)
    Summary for: Jonathan Davis
    For this disclosure,--
    (a) Total number held in class: 28,295,846
    (b) Total in class: 396,369,767
    (c) Total percentage held in class:  7.139%
    For last disclosure,--
    (a) Total number held in class: 32,334,317
    (b) Total in class: 396,369,767
    (c) Total percentage held in class:  8.158%
    Details of transactions and events giving rise to relevant event
    Details of the transactions or other events requiring disclosure:
    On market purchases of 500,000 shares by ACC for net consideration of NZD
    $1,447,644.00 on 10 February 2015 and the aggregation of interests in
    financial products held by Jonathan Davis and ACC.
    Details after relevant event
    Details for Jonathan Davis
    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: 2,083
    (b) Percentage held in class: 0.001%
    (c) Current registered holder(s): unknown
    (d) Registered holder(s) once transfers are registered: unknown
    
    Details for ACC
    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: Jonathan Davis is
    an employee and equity analyst for ACC. Under current ACC investment
    policies, he has 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:00260536 For:CNU    Type:SSH        Time:2015-02-11 16:42:30
    
    				

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