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: SeaDragon Limited
Relevant event being disclosed: Change in nature of relevant interest
Date of relevant event: 17 October 2016
Date this disclosure made: 17 October 2016
Date last disclosure made: 14 October 2016
Substantial product holder(s) giving disclosure
Full name(s): Pescado Holdings Limited
Summary of substantial holding
Class of quoted voting products:
SeaDragon Limited ordinary shares (SEA)
Summary for: Pescado Holdings
Limited
For this disclosure,--
(a) total number held in class: 855,433,823
(b) total in class: 4,513,618,718
(c) total percentage held in class: 18.952%
For last disclosure,--
(a) total number held in class: 855,433,823
(b) total in class: 4,512,863,118 (expected based on best available
information)
(c) total percentage held in class: 18.955%
Details of transactions and events giving rise to relevant event
On 14 October 2016, Pescado Holdings Limited (Pescado) released a notice
disclosing a substantial holding that is expected to result as a consequence
of exercising rights under the 1 for 2 pro-rata renounceable rights offer by
SeaDragon Limited (SeaDragon) and the subsequent shortfall bookbuild.
Allotment of the relevant shares occurred on 17 October 2016, and as a
consequence, Pescado has acquired a beneficial interest in 722,029,123
ordinary shares in SeaDragon.
When taken with Pescado''s existing beneficial interest, Pescado has a
beneficial interest in 18.952% of the ordinary shares in SeaDragon.
Details after relevant event
Details for: Pescado
Holdings Limited.
Nature of relevant interest(s): The beneficial owner pursuant to a custodial
agreement with the registered owner of the shares (which need not be
disclosed pursuant to regulation 141 of the Financial Markets Conduct
Regulations 2014).
For that relevant interest,--
(a) number held in class: 855,433,823
(b) percentage held in class: 18.952%
(c) current registered holder(s): Forsyth Barr Custodians Ltd
(d) registered holder(s) once transfers are registered: Forsyth Barr
Custodians Ltd
Additional information
Addresses of substantial product holder(s): Pescado Holdings Limited
21 Leslie Hills Drive
Riccarton
Christchurch
Contact details: Warwick Webb
(+64) 3 348 5040
warwick.webb@masthead.co.nz
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: Dame
Adrienne Stewart, Mark Stewart and Todd Stewart
Certification
I, Warwick Graham Webb, 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:00290952 For:SEA Type:SSH Time:2016-10-17 15:39:21