Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
To NZX Limited
To VMob Group Limited (”VML”)
Date this disclosure made: 19 June 2015
Date last disclosure made: 5 February 2015
Date on which substantial holding ceased: 12 June 2015
Substantial product holder(s) giving disclosure
Full name(s): Timothy John Cook
Summary of previous substantial holding
Class of quoted voting products: Ordinary shares (NZAX:VML)
Summary for Timothy John Cook
For last disclosure,—
(a) total number held in class: 105,927,241
(b) total in class: 1,468,406,587
(c) total percentage held in class: 7.214%
For current holding after ceasing to have substantial holding,—
(a) total number held in class: 688,505
(b) total in class: 65,486,421
(c) total percentage held in class: 1.051%
Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure:
On 7 May 2015 VML consolidated the ordinary shares on issue on the basis of 1 new ordinary share for 25 old ordinary shares. Following this consolidation there were 58,736,421 ordinary shares on issue, Timothy John Cook held 438,505 ordinary shares in VML and Collins Asset Management Limited (“CAM”) held 3,798,585 ordinary shares in VML. As previously disclosed although Timothy John Cook’s personal shareholding in VML does not in itself constitute a substantial holding, he was at the time a director of CAM and a director of, and a joint shareholder of all the shares in, Cottisloe Holdings Limited (the ultimate holding company of CAM), the registered holder and beneficial owner of 6.467% of VML. Taken together, the relevant interests of Timothy John Cook and CAM constituted 4,237,090 ordinary shares (7.214%) of VML.
On 28 May 2015 VML issued 6,750,000 ordinary shares in VML at a price of NZ$0.40 per share. Timothy John Cook subscribed for 250,000 of these ordinary shares for NZ$100,000 in aggregate. Following this subscription Timothy John Cook was the registered holder and beneficial owner of 688,505 ordinary shares in VML. CAM did not subscribe for ordinary shares. Taken together the relevant interests of Timothy John Cook and CAM constituted 6.852%.
On 12 June 2015 Timothy John Cook resigned as a director of CAM and as a director of Cottisloe Holdings Limited (the ultimate holding company of CAM), and ceased to be a joint shareholder of all the shares in Cottisloe Holdings Limited. CAM is the registered holder and beneficial owner of 3,798,585 ordinary shares (5.801%) of VML. Accordingly Timothy John Cook ceased to have a relevant interest in the shares owned by CAM and his personal shareholding is no longer to be aggregated with CAM’s shareholding. Timothy John Cook is the registered holder and beneficial owner of 688,505 ordinary shares in VML (1.051% of VML), which does not constitute a substantial holding.
Address of substantial product holder: C/- Cook Executive Recruitment Limited, Level 3, 4 Viaduct Harbour Avenue, Auckland 1010
Contact details: Timothy John Cook | (09) 309 3886| [email protected]
Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: Not applicable
Disclosure has effect for purposes of directors’ and senior managers’ disclosure
Timothy John Cook is also a director of VML. This disclosure also constitutes disclosure for the purposes of the directors’ and senior managers’ disclosure obligations.
I, Timothy John Cook, certify 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.