Disclosure of movement of 1% or more in substantial holding or change in
nature of relevant interest or both
Sections 23 and 24, Securities Markets Act 1988
Relevant event being disclosed: movement of 1% or more in substantial holding
Date of relevant event: 24 September 2012
To: NZX Limited
And: Chatham Rock Phosphate Limited
Date this disclosure made: 24 September 2012
Date last disclosure made: 27 July 2012
Substantial security holder(s) giving disclosure
Name(s): Boskalis Offshore B.V.
Contact details: Matt Yates, 04 495 2686, m.yates@duncancotterill.com
Summary of substantial holding to which disclosure relates
Class of listed voting securities: Ordinary shares (CRP)
Summary for: Boskalis Offshore B.V.
For this disclosure,--
(a) total number held in class: 25,355,266
(b) total in class: 126,839,752
(c) total percentage held in class: 19.990%
For last disclosure,--
(a) total number held in class: 14,759628
(b) total in class: 98,397,522
(c) total percentage held in class: 15.000%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure under the
instructions to this form:
In July 2012, the Company entered into an investment agreement (IA) with
Boskalis Offshore B.V. (Boskalis) which provided that subject to shareholder
approval, shares are to be issued to Boskalis so that it has a 19.99%
shareholding in the Company.
Shareholder approval was obtained by the Company today. Accordingly, the
Company has issued 10,595,638 shares to Boskalis at an issue price of $0.22
per share.
Details of relevant interests in substantial holding after relevant event
Details for: Boskalis Offshore B.V.
Nature of relevant interest(s): registered holder and beneficial owner
For that relevant interest,--
(a) number held in class: 25,355,266
(b) percentage held in class: 19.990%
(c) current registered holder(s) of securities: n/a - newly issued
(d) registered holder(s) of securities once transfers registered: n/a - newly
issued
Additional information
Nature of connection between substantial security holders: n/a
Address(es) of substantial security holder(s): Rosmolenweg 20, 3356 LK
Papendrecht, The Netherlands
Name of any other person believed to have given, or believed to be required
to give, a disclosure under the Act in relation to the securities to which
this disclosure relates: n/a
Declaration
I, Matthew Wallace Yates, declare 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:00227670 For:CRP Type:SSH Time:2012-09-24 14:25:15