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
Note: This form must be completed in accordance with the instructions at the
end of the
form.
To NZX Limited
and
To Wellington Merchants Limited
Relevant event being disclosed: Movement of 1% or more in substantial holding
and change in nature of relevant interest
Date of relevant event: 26 October 2016
Date this disclosure made: 27 October 2016
Date last disclosure made: 10 October 2016
Substantial product holder(s) giving disclosure
Full name(s): Mercantile Investment Company Limited and Mercantile NZ Limited
Summary of substantial holding
Class of quoted voting products: Ordinary shares
Summary for Mercantile Investment Company Limited, Mercantile NZ Limited
For this disclosure,--
(a) total number held in class: 2,042,942
(b) total in class: 2,042,942
(c) total percentage held in class: 100%
For last disclosure,--
(a) total number held in class: 1,892,104
(b) total in class: 2,042,942
(c) total percentage held in class: 92.617%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure: Mercantile
Investment Company Limited became the dominant owner of Wellington Merchants
Limited by reason
of acceptances received under Mercantile NZ Limited''s takeover offer for all
of the ordinary shares in Wellington Merchants Limited (Takeover Offer).
Mercantile Investment
Company Limited is the holding company of Mercantile NZ Limited. As dominant
owner of
Wellington Merchants Limited, Mercantile Investment Company Limited has the
power under the compulsory acquisition provisions in Part 7 of the Takeovers
Code to compulsorily acquire all of the shares in Wellington Merchants
Limited in respect of which acceptances were not received under the Takeover
Offer.
On 26 October 2016 Mercantile Investment Company Limited became registered
holder of 63,655 shares for which it paid $219,609.75 ($3.45 per share), as a
result of processing transfers of shares under the compulsory acquisition
provisions in Part 7 of the Takeovers Code.
Details after relevant event
Details for Mercantile Investment Company Limited
Nature of relevant interest(s): Registered holder and beneficial owner
For that relevant interest,--
(a) number held in class: 186,372
(b) percentage held in class: 9.123%
(c) current registered holder(s): Mercantile Investment Company Limited
(d) registered holder(s) once transfers are registered: N/A
Nature of relevant interest(s): Beneficial owner (relevant agreement need not
be attached
under regulation 139)
For that relevant interest, --
(a) number held in class: 80,421
(b) percentage held in class: 3.937%
(c) current registered holder(s): New Zealand Central Securities Depository
Limited
(d) registered holder(s) once transfers are registered: N/A
Nature of relevant interest(s): Power to exercise all voting rights in
Mercantile NZ Limited as holding company of Mercantile NZ Limited. Mercantile
NZ Limited is the registered holder and beneficial owner of the shares.
For that relevant interest, --
(a) number held in class: 1,688,966
(b) percentage held in class: 82.673%
(c) current registered holder(s): Mercantile NZ Limited
(d) registered holder(s) once transfers are registered: N/A
Nature of relevant interest(s): Power to acquire shares under the compulsory
acquisition provisions in Part 7 of the Takeovers Code --
For that relevant interest,
(a) number held in class: 87,183
(b) percentage held in class: 4.268%
(c) current registered holder(s): Unknown
(d) registered holder(s) once transfers are registered:
Mercantile Investment Company Limited
Details for Mercantile NZ Limited
Nature of relevant interest(s): Registered holder and beneficial owner.
For that relevant interest, --
(a) number held in class: 1,688,966
(b) percentage held in class: 82.673%
(c) current registered holder(s): Mercantile NZ Limited
(d) registered holder(s) once transfers are registered: N/A
Additional information
Address(es) of substantial product holder(s): Level 11, 139 Macquarie Street,
Sydney, NSW, Australia 2000
Contact details: Gabriel Radzyminski, +64 2 8014 1188,
gabriel@sandoncapital.com.au
Nature of connection between substantial product holders: Mercantile
Investment Company Limited is the holding company of Mercantile NZ Limited.
Certification
I, Gabriel Francois Radzyminski, 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:00291572 For:KRK Type:SSH Time:2016-10-27 09:11:41