Disclosure of movement of 1% or more in substantial holding or change in
nature of relevant interest or both
Sections 23 and 24, Securities Markets Act 1988
Relevant event being disclosed: Disclosure of movement of 1% or more in
substantial holding & change in nature of relevant interest
Date of relevant event: 25 September 2017
To: New Zealand Stock Exchange
And: Rubicon Limited
Date this disclosure made: 26 September 2017
Date last disclosure made: 7 September 2017
Substantial security holder(s) giving disclosure
Name(s): Castlerigg Master Investments, Ltd.
Contact details: c/o Triet Leminh
Sandell Asset Management Corp.
2200 Corporate Blvd NW, Suite 220
Boca Raton, FL 33431
+1 212 603 5816; tleminh@sandellmgmt.com
Summary of substantial holding to which disclosure relates
Class of listed voting securities: Ordinary
Summary for: Castlerigg Master Investments, Ltd.
For this disclosure,--
(a) total number held in class: 34,502,835
(b) total in class: 487,908,343
(c) total percentage held in class: 7.07%
For last disclosure,--
(a) total number held in class: 35,991,385
(b) total in class: 487,908,343
(c) total percentage held in class: 7.38%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure under the
instructions to this form: The sale of a beneficial interest in 950,000
shares by Castlerigg Master Investments, Ltd. at $0.19 per share on 22
September 2017 and the sale of a beneficial interest in 490,000 shares by
Castlerigg Master Investments, Ltd. at $0.19 per share on 25 September 2017.
Details of relevant interests in substantial holding after relevant event
Details for: Castlerigg Master Investments, Ltd.
Nature of relevant interest(s): Castlerigg Master Investments, Ltd. is the
beneficial owner of 34,502,835 ordinary voting securities of Rubicon Limited.
For that relevant interest,
(a) number held in class: 34,502,835
(b) percentage held in class: 7.07%
(c) current registered holder(s) of securities: HSBC Nominees (New
Zealand) Limited
(d) registered holder(s) of securities once transfers registered: No
change
Additional information
Nature of connection between substantial security holders: N/A
Address(es) of substantial security holder(s):
c/o Triet Leminh
Sandell Asset Management Corp.
2200 Corporate Blvd NW, Suite 220
Boca Raton, FL 33431
+1 212 603 5816; tleminh@sandellmgmt.com
Name of any other person believed to have given, or believed to be required
to give, a disclosure under the Act in relation to the securities to which
this disclosure relates: Sandell Asset Management Corp.
Declaration
I, Triet Leminh, declare 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:00307847 For:RBC Type:SHINTR Time:2017-09-27 08:39:18