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 New Zealand Stock Exchange
and
To Skellerup Holdings Ltd
Relevant event being disclosed: Movement of 1% or more
Date of relevant event: 20 September 2016
Date this disclosure made: 22 September 2016
Date last disclosure made: 25 August 2016
Substantial product holder(s) giving disclosure
Full Name(s): Accident Compensation Corporation (ACC)
Nicholas Bagnall, Guy Elliffe, Paul Robertshawe, Blair Tallott, Blair Cooper,
Jason Familton,
Jason Lindsay
Summary of substantial holding
Class of quoted voting products: Ordinary shares (SKL NZ)
Summary for: Accident Compensation Corporation (ACC)
Guy Elliffe, Paul Robertshawe, Blair Tallott, Blair Cooper, Jason Familton,
Jason Lindsay
For this disclosure,--
(a) Total number held in class: 10,686,019
(b) Total in class: 192,805,807
(c) Total percentage held in class: 5.542%
For last disclosure,--
(a) Total number held in class: 12,912,572
(b) Total in class: 192,805,807
(c) Total percentage held in class: 6.697%
Summary for: Nicholas Bagnall,
For this disclosure,--
(a) Total number held in class: 10,690,019
(b) Total in class: 192,805,807
(c) Total percentage held in class: 5.544%
For last disclosure,--
(a) Total number held in class: 12,916,572
(b) Total in class: 192,805,807
(c) Total percentage held in class: 6.699%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure:
From 25 August 2016 to 20 September 2016, ACC had the following aggregated
on-market
transactions in Skellerup Holdings Ltd:
- Purchases of 331,072 shares for consideration of NZD $448,159
- Sales of 2,557,625 shares for consideration of NZD $3,502,826
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: 10,686,019
(b) Percentage held in class: 5.542%
(c) Current registered holder(s): ACC via New Zealand Central Securities
Depository Limited
(NZCSD)
(d) Registered holder(s) once transfers are registered: unknown
Details for: Nicholas Bagnall, Guy Elliffe, Paul Robertshawe, Blair Tallott,
Blair Cooper, Jason
Familton, Jason Lindsay
Nature of relevant interest(s):
Qualified powers to exercise control of rights to vote and/or 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: 10,686,019
(b) Percentage held in class: 5.542%
(c) Current registered holder(s): ACC via New Zealand Central Securities
Depository Limited
(NZCSD)
(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
Details for: Nicholas Bagnall
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: 4,000
(b) Percentage held in class: 0.002%
(c) Current registered holder(s): Nicholas Bagnall, either directly or
indirectly
(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
investmentscompliance@acc.co.nz
Nature of connection between substantial product holders: Nicholas Bagnall,
Guy Elliffe, Paul Robertshawe, Blair Tallott, Blair Cooper, Jason Familton,
and Jason Lindsay are employees of ACC and either a portfolio manager, equity
analyst or corporate governance manager 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:00289587 For:SKL Type:SSH Time:2016-09-22 15:52:51