Announcement
SSH: GEL: SSH - Accident Compensation Corporation ("ACC")
08:30am
GEL
07/02/2012 08:30
SSH
REL: 0830 HRS Glass Earth Gold Limited
SSH: GEL: SSH - Accident Compensation Corporation ("ACC")
Disclosure of beginning to have substantial holding
Section 22, Securities Markets Act 1988
To: NZX Limited
And GLASS EARTH GOLD LTD NPV
Date this disclosure made: 2 February 2012
Substantial security holder(s) giving disclosure
Name(s): Accident Compensation Corporation ("ACC")
Nicholas Bagnall, Blair Tallott, Paul Robertshawe, Ian Graham
Contact details: Kym Nijsse +64 4 816 6767 kym.nijsse@acc.co.nz
Date on which substantial security holder(s) began to have substantial
holding: 26 January 2012
Summary of substantial holding to which disclosure relates
Class of listed voting securities: Ordinary Shares
Summary for: Accident Compensation Corporation ("ACC")
Nicholas Bagnall, Blair Tallott, Paul Robertshawe, Ian Graham
For this disclosure,--
(a) Total number held in class: 4,187,721
(b) Total in class: 66,223,409
(c) Total percentage held in class: 6.324%
Details of relevant interests in substantial holding after relevant event
Details for: ACC
Nature of relevant interest(s):
Beneficial owner of securities under s 5 (1) (b) of the Securities Markets
Act
No relevant agreement document needs to be attached under regulation 11.
For that relevant interest,--
(a) Number held in class: 4,187,721
(b) Percentage held in class: 6.324%
(c) Current registered holder(s) of securities: ACC via New Zealand
Central Securities Depository Limited (NZCSD)
(d) Registered holder(s) of securities once transfers registered: n/a
Details for: Nicholas Bagnall, Blair Tallott, Paul Robertshawe, Ian Graham
Nature of relevant interest(s):
Qualified powers to exercise control of rights to vote and of acquisition or
disposal of some or all of the securities, of which the Accident Compensation
Corporation ("ACC") is the beneficial owner under s 5(1)(c)and 5 (1)(d) of
the Securities Markets Act. Further to regulation 11(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: 4,187,721
(b) Percentage held in class: 6.324%
(c) Current registered holder(s) of securities: 4,187,721 shares will be
held by ACC via New Zealand Central Securities Depository Limited (NZCSD)
(d) Registered holder(s) of securities once transfers registered: n/a
Details of transactions and events giving rise to person beginning to have
substantial holding
Details of the transactions or other events requiring disclosure under the
instructions to this form:
Nett of purchases and sales of 1,250,000 shares for total net consideration
of NZD $363,775.94 from 26th January 2012.
Additional information
Nicholas Bagnall, Blair Tallott, Paul Robertshawe, Ian Graham are employees
and portfolio managers or equity analysts for ACC. 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
securities of which ACC is the beneficial owner
Address(es) of substantial security holder(s): ACC: Vogel House, 19 Aitken
Street, Wellington 6140
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: n/a
Declaration
I, Kym Nijsse, 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:00219189 For:GEL Type:SSH Time:2012-02-07 08:30:05
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