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 Drive Technologies Limited
Relevant event being disclosed: Movement of 1% or more in substantial holding
Date of relevant event: 19 May 2017
Date this disclosure made: 22 May 2017
Date last disclosure made: 2 November 2016
Substantial product holder(s) giving disclosure
Full name(s): Smartshares Limited (Custodian - BNP Paribas Nominees (NZ)
Limited)
Summary of substantial holding
Class of quoted voting products: Ordinary shares (WDT)
Summary for Smartshares Limited (Custodian - BNP Paribas Nominees (NZ)
Limited)
For this disclosure,--
(a) total number held in class: 82,950,217
(b) total in class: 257,097,352
(c) total percentage held in class: 32.264%
For last disclosure,--
(a) total number held in class: 64,409,535
(b) total in class: 231,684,047
(c) total percentage held in class: 27.801%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure: Conversion
of mandatory convertible preference shares (MCPS) to ordinary shares at 5
p.m. on 19 May 2017 on a
1:1 basis in accordance with the terms of issue of the MCPS set out in the
Offer Document dated April 2014.
Details after relevant event
Details for BNP Paribas Nominees (NZ) Limited
Nature of relevant interest(s): Registered holder of financial products.
For that relevant interest,--
(a) number held in class: 82,950,217
(b) percentage held in class: 257,097,352
(c) current registered holder(s): BNP Paribas Nominees (NZ) Limited
Details for Smartshares Limited
Nature of relevant interest(s): Ability to control the exercise of the right
to vote due to the provisions of the SuperLife Invest Trust Deed which is
available on the Disclose Register.
For that relevant interest,--
(a) number held in class: 82,950,217
(b) percentage held in class: 257,097,352
(c) current registered holder(s): BNP Paribas Nominees (NZ) Limited
Additional information
Address(es) of substantial product holder(s): c/o Level 7, Zurich House, 21
Queen Street, Auckland 1011 PO Box 106 555, Auckland 1143, New Zealand
Contact details: c/o Stephen Upton, DDI: (09) 375 9163
Nature of connection between substantial product holders: BNP Paribas
Nominees (NZ) Limited is the custodian of the SuperLife Invest managed
investment scheme and
Smartshares Limited is the manager of the SuperLife Invest managed investment
scheme.
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, Stephen Upton, 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:00301530 For:WDT Type:SHINTR Time:2017-05-23 08:36:20