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 CBL Corporation Limited (CBL)
Relevant event being disclosed: Disclosure of movement of 1% or more in
substantial holding
Date of relevant event: 5 January 2018
Date this disclosure made: 8 January 2018
Date last disclosure made: 2 November 2017
Substantial product holder(s) giving disclosure
Full name(s): First NZ Capital Group Limited
Summary of substantial holding
Class of quoted voting products: Ordinary Shares
Summary for Harbour Asset Management Limited and First NZ Capital Securities
Limited
For this disclosure,--
(a) total number held in class: 17,258,458
(b) total in class: 235,778,031
(c) total percentage held in class: 7.320%
For last disclosure,--
(a) total number held in class: 14,694,952
(b) total in class: 235,778,031
(c) total percentage held in class: 6.233%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure: As noted
above, on 2 November 2017, First NZ Capital Group Limited disclosed a
relevant interest in 14,694,952 (6.233%) CBL ordinary shares.
In the period from the last disclosure, as part of normal on-market trading
activity under discretionary investment mandates, Harbour Asset Management
Limited purchased 2,794,197 CBL shares for a total consideration of
$8,594,373.13 and sold 305,296 CBL shares for a total consideration of
$943,497. As a result of these transactions Harbour Asset Management
Limited, has, at the date of this notice a relevant interest in 16,966,035
(7.196%) CBL shares.
In the period from the last disclosure, as part of normal on-market trading
activity First NZ Capital Securities Limited purchased 3,515,448 CBL shares
for a total consideration of $10,749,616 and sold 3,411,060 CBL shares for a
total consideration of $10,452,091, a net purchase of 104,388 CBL shares
(consideration $297,525). As a result of these transactions, First NZ Capital
Securities Limited, at the date of this notice holds a relevant interest in
262,423 (0.111%) CBL shares.
As a result, of these transactions, First NZ Capital Group Limited (which
includes the related body corporates, Harbour Asset Management Limited and
First NZ Capital Securities Limited), has, at the date of this notice, a
relevant interest in 17,258,458 (7.320%) CBL shares.
Details after relevant event
Details for Harbour Asset Management Limited
Nature of relevant interest(s): Harbour Asset Management Limited, as a fund
manager, the power to exercise a right to vote attached to, and power to
acquire or dispose of, the products, under powers of investment contained in
investment management contracts with clients (the beneficial owners of the
product).
For that relevant interest,--
(a) number held in class: 16,966,035
(b) percentage held in class: 7.196%
(c) current registered holder(s): 16,498,408 various nominee companies on
behalf of clients as beneficial owners, 497,627 unknown.
(d) registered holder(s) once transfers are registered: 16,966,035 various
nominee companies on behalf of clients as beneficial owners
Details for First NZ Capital Securities Limited
Nature of relevant interest(s): Beneficial owners of financial products
For that relevant interest,--
(a) number held in class: 262,423
(b) percentage held in class: 0.111%
(c) current registered holder(s): 262,423 - First NZ Capital Securities
Limited
(d) registered holder(s) once transfers are registered:
Additional information
Address(es) of substantial product holder(s): Harbour Asset Management
Limited, Level 16, 171 Featherston Street, Wellington
Contact details: Marama Watana, + 64 9 302 5537, marama.watana@fnzc.co.nz
Nature of connection between substantial product holders: First NZ Capital
Group Limited, First NZ Capital Securities Limited and Harbour Asset
Management Limited are related bodies corporate.
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: None
Certification
I, Marama Watana, 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:00312804 For:CBL Type:SHINTR Time:2018-01-08 14:50:15