Disclosure of ceasing to have substantial holding
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New Zealand Wool Services International Limited (WSI) | 3:39 pm, Wednesday 23 July 2008 | WSI | 0.420 |
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Disclosure of ceasing to have substantial holding
Section 25, Securities Markets Act 1988
To: New Zealand Exchange Limited
And: New Zealand Wool Services International Limited
Date this disclosure made: 23 July 2008
Date last disclosure made: 2 April 2008
Substantial security holder(s) giving disclosure
Name(s): South Canterbury Finance Limited
Contact details: Graeme Brown, (03) 688 8117, Graeme.brown@scfinance.co.nz
Date on which substantial security holder(s) ceased to have substantial
holding: 22 July 2008
Summary of previous substantial holding to which disclosure relates
Class of listed voting securities: ordinary shares, code WSI
Summary for South Canterbury Finance Limited
For last disclosure,--
(a) total number held in class: 30,592,451
(b) total in class: 69,500,000
(c) total percentage held in class: 44.018%
For current holding after ceasing to have substantial holding:
(a) total number held in class: 0
(b) total in class: 69,500,000
(c) total percentage held in class: 0
Details of transactions and events giving rise to person ceasing to have
substantial holding
Details of the transactions or other events requiring disclosure under the
instructions to this form:
In accordance with the Takeovers Code (South Canterbury Finance Limited)
Exemption Notice 2008, South Canterbury Finance Limited disposed of its
beneficial interest in 30,592,451 shares in New Zealand Wool Services
International Limited to AJ and MJ Hubbard on 22 July 2008, for a total
consideration of $17, 683,682.
Additional information
Nature of connection between substantial security holders: N/A
Address(es) of substantial security holder(s): PO Box 125, Timaru, New
Zealand
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: AJ and MJ Hubbard
Declaration
I, Graeme Brown, 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.