Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
To New Zealand Stock Exchange
and
To Kathmandu Holdings Ltd
Date this disclosure made: 22 September 2017
Date on which substantial holding began: 21 September 2017
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, Bevan Flack
Summary of substantial holding to which disclosure relates
Class of quoted voting products: Ordinary shares (KMD NZ)
Summary for: Accident Compensation Corporation (ACC)
Nicholas Bagnall, Guy Elliffe, Paul Robertshawe, Blair Tallott, Blair Cooper,
Bevan Flack
For this disclosure, --
(a) Total number held in class: 10,259,314
(b) Total in class: 202,166,789
(c) Total percentage held in class: 5.075%
Jason Familton
For this disclosure, --
(a) Total number held in class: 10,275,314
(b) Total in class: 202,166,789
(c) Total percentage held in class: 5.083%
Details of relevant interests
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: 10,259,314
(b) Percentage held in class: 5.075%
(c) Current registered holder(s): ACC holds 9,634,314 NZX listed shares via
New Zealand Central Securities Depository Limited (NZCSD) and 625,000 ASX
listed shares indirectly via J.P.Morgan Nominees Australia Ltd.
(d) Registered holder(s) once transfers are registered: unknown
Details for Jason Familton
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: 16,000
(b) Percentage held in class: 0.008%
(c) Current registered holder(s): Held by Jason Familton, either directly or
indirectly
(d) Registered holder(s) once transfers are registered: N/A
Details for
Nicholas Bagnall, Guy Elliffe, Paul Robertshawe, Blair Tallott, Blair Cooper,
Jason Familton, Bevan Flack
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: 10,259,314
(b) Percentage held in class: 5.075%
(c) Current registered holder(s): ACC holds 9,634,314 NZX listed shares via
New Zealand Central Securities Depository Limited (NZCSD) and 625,000 ASX
listed shares indirectly via J.P.Morgan Nominees Australia Ltd.
(d) Registered holder(s) once transfers are registered: unknown
Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure:
Since ACC last ceased to be a substantial product holder of Kathmandu
Holdings Limited on 3 August 2017 to 21 September 2017, ACC had the following
aggregated on-market transactions in Kathmandu Holdings Limited:
o Purchases of 900,000 NZX listed shares for consideration of NZD $1,941,600
o Purchases of 44,971 ASX listed shares for consideration of AUD $94,038.86
o Sales of 290,872 NZX listed shares for consideration of NZD $676,067.80
o Sales of 173,644 ASX listed shares for consideration of AUD $352,039.52
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 Bevan Flack are employees of ACC and either a portfolio manager, equity
analyst or corporate governance manager. 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:00307676 For:KMD Type:SHINTR Time:2017-09-22 16:31:01