Gemscott movement of 1% or more in substantial holding
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Solution Dynamics Limited (SDL) | 3:35 pm, Tuesday 5 August 2008 | SDL | 0.260 |
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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: Disposal of more than 1 per cent
Date of relevant event: August 4, 2008
To: New Zealand Exchange
And: Solution Dynamics
Date this disclosure made: August 4, 2008
Date last disclosure made: July 25, 2008
Substantial security holder(s) giving disclosure
Name(s): Gemscott Ltd
Contact details: Gerard Grant Peterson Telephone: 09 377 4222
Summary of substantial holding to which disclosure relates
Class of listed voting securities: Ordinary Share
Summary for: Gemscott Ltd.
For this disclosure,--
(a) total number held in class: 500,000
(b) total in class: 9,500,000
(c) total percentage held in class: 5.2632%
For last disclosure,--
(a) total number held in class: 625,000
(b) total in class: 9,500,000
(c) total percentage held in class: 6.5789%
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: On Monday August 5 Gemscott sold 125,000 shares or
1.3158% of the total shares on issue in an on-market crossing for $0.42 a
share.
Details of relevant interests in substantial holding after relevant event
Details for: Gemscott Ltd
Nature of relevant interest:Gemscott is the registed holder and beneficial
owner of these securities:
For that relevant interest,--
(a) number held in class: 500,000
(b) percentage held in class: 5.2632%
(c) current registered holder(s) of securities: Unknown
(d) registered holder(s) of securities once transfers registered:
Gemscott Ltd.
Declaration
I, Gerard Grant Peterson, 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.
