Announcement
SSH: PGC: Amended SSH (Accident Compensation Corporation)
09:03am
PGC
06/04/2010
SSH
REL: 0903 HRS Pyne Gould Corporation Limited
SSH: PGC: Amended SSH (Accident Compensation Corporation)
Disclosure of amendment to detail of substantial holding
Section 22, Securities Markets Act 1988
To: NZX Limited announce@nzx.com
And: Pyne Gould Corporation Limited
Date this disclosure made: Apr 1, 2010
Substantial security holder(s) giving disclosure
Name(s): Accident Compensation Corporation ("ACC")
Nicholas Bagnall Ian Graham
Blair Tallott Blair Cooper
Contact details (name of person for queries, if not the substantial security
holder, and telephone and email details): Kym Nijsse +64 4 918 7067
kym.nijsse@acc.co.nz
Date on which substantial security holder(s) began to have substantial
holding: -
Summary of substantial holding to which disclosure relates
Class of listed voting securities: Pyne Gould Corporation Limited
Ordinary Shares ( PGC )
Summary for: Accident Compensation Corporation ("ACC")
For this disclosure,-- Nicholas Bagnall Ian Graham
Blair Tallott Blair Cooper
(a) Total number held in class: 46,482,089
(b) Total in class: 773,521,841
(c) Total percentage held in class 6.009%
Details of relevant interests currently in substantial holding
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: 46,482,089
(b) Percentage held in class: 6.009%
(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 Ian Graham
Blair Tallott Blair Cooper
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 ss 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: 46,482,089
(b) Percentage held in class: 6.009%
(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 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:
Consolidation of earlier SSH notice to include the relevant interests under
ss 5(1)(c) and 5(1)(d) of
Nicholas Bagnall Ian Graham
Blair Tallott Blair Cooper
Additional information
Nicholas Bagnall Ian Graham
Blair Tallott Blair Cooper
are employees and portfolio managers for ACC. Under current ACC investment
policies, they have the discretion to
exercise control over 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: 81-83 Molesworth
Street, Wellington
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:
ACC SSH notice dated Oct 23, 2009 6.610%
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:00193368 For:PGC Type:SSH Time:2010-04-06:09:03:02
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