Get 603 Page 1/2 15 July 2001 Form 603 Corporations Act 2001 Section 671B Notice Of Initial Substantial

A substantial shareholder is defined as one who has an interest (or interests) in the voting shares in the corporation that is not less than 5% of the total voting shares in the corporation.

Investors should note that when large shareholders announce they are no longer a substantial shareholder, they may only be temporarily exiting, or modestly reducing, their holding in the company.

Notice of initial substantial holder. Purpose. Notice is given to a listed company, or the responsible entity for a listed managed investment scheme, and a copy given to each relevant securities exchange. Applicable Fees.

Generally, a reduce in shareholding of substantial shareholder is “bad” and increased shareholding is “good”.

Large investors exit We closely watch substantial shareholder notices announced on the ASX to identify if large investors are entering or exiting a company. When one of these large investors announces it is no longer a substantial shareholder, it may indicate they are planning to completely exit their holding.

Substantial Holder means a Person holding Corporation Securities representing a Percentage Stock Ownership (including indirect ownership, as determined under applicable Treasury Regulations) in any class of Corporation Securities of at least 4.99%.

Substantial holding notice The notice must attach all documents which contributed to the voting power the person obtained, or provide a written description of arrangements which are not in writing.

A substantial shareholder is defined as one who has an interest (or interests) in the voting shares in the corporation that is not less than 5% of the total voting shares in the corporation.