Disclosure of ceasing to have substantial holding
Section 25, Securities Markets Act 1988
To: NZX Limited
And: New Image Group Limited (NEW)
Date this disclosure made: 16 May 2013
Date last disclosure made: 1 March 2013
Substantial security holder(s) giving disclosure
Name(s): Exotic-Corp Limited?
Contact details: Kensington Swan ?
Attention: Gerald Fitzgerald/Richard Hoare?
DDI: +64 4 498 0835/+64 4 915 5945? gerald.fitzgerald@kensingtonswan.com?
richard.hoare@kensingtonswan.com
Date on which substantial security holder ceases to have substantial holding:
8 May 2013
Summary of previous substantial holding to which the disclosure relates
Class of listed voting securities: Ordinary shares
Summary for: Exotic-Corp Limited
For last disclosure,--
total number held in class: 60,264,864
total in class: 234,924,584
total percentage held in class: 25.653%
For current holding after ceasing to have substantial holding,--
total number held in class: nil
total in class: 234,924,584
total percentage held in class: 0.000%
Details of transactions and events giving rise to person ceasing to have
substantial holding
Details of the transactions or other events requiring disclosure under the
instructions to this form:
On 1 February 2013, New Image Trustee Limited made a full cash takeover offer
under the Takeovers Code to acquire all of the ordinary shares in New Image
Group Limited that it does not already own (the Offer, the terms of which
were attached with a previous disclosure dated 25 February 2013).
On 27 February 2013, Exotic-Corp accepted the Offer for all of its ordinary
shares (disclosed with the last disclosure dated 1 March 2013). New Image
Trustee Limited has subsequently satisfied the consideration for those
ordinary shares and is now the registered holder and beneficial owner of
those ordinary shares.
Additional information
Nature of connection between substantial security holders: N/A
Address(es) of substantial security holder(s):
Registered office: C/- Stewart Consulting Limited
87 Chapel Street
Masterton
New Zealand
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:
New Image Trustee Limited?Graeme Lindsay Clegg
Declaration
I, Graham Lindsay Clegg 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:00236305 For:NEW Type:SSH Time:2013-05-16 12:42:06