Pendal : Becoming a substantial holder in CQR

Pendal Group Limited

Level 14, The Chifley Tower

2 Chifley Square

Sydney NSW 2000

Australia

ABN 28 126 385 822

Company Announcements Platform

Australian Securities Exchange Limited

20 Bridge Street

SYDNEY NSW 2000

25 February 2020

Re: Notice of Initial Substantial Holder

In accordance with section 671B of the Corporations Act 2001 (Cth), we attach a Notice of Initial Substantial Holder (Form 603) in respect of Charter Hall Retail Reit (CQR).

Yours faithfully

Joanne Hawkins

Group Company Secretary

{00015759.docx}

1

			Form 603
			Corporations Act 2001
			Section 671B
		Notice of initial substantial holder
To	Company Name/Scheme		CHARTER HALL RETAIL REIT (CQR)
ACN/ARSN		ARSN 093 143 965

1. Details of substantial holder(1)

Name

ACN/ARSN (if applicable)

PENDAL GROUP LIMITED (PDL)

ACN 126 385 822

The holder became a substantial holder on

21/02/2020

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
Ordinary Shares	23,096,414	23,096,414
Total	23,096,414	23,096,414	5.22%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Number of securities	Class of securities
Pendal Fund Services	Pendal Fund Services Limited	11,576,139	Ordinary
Limited *	is the responsible entity of
	various managed investment
	schemes and, in that capacity,
	can exercise the power to vote
	or dispose of the shares.
Pendal Institutional	Pendal Institutional Limited is	11,520,275	Ordinary
Limited	the responsible entity of
	various managed investment
	schemes and, in that capacity,
	can exercise the power to vote
	or dispose of the shares.

*Pendal Fund Services Limited has appointed Pendal Institutional Limited to act as the investment manager of the trusts of which it is responsible entity, giving Pendal Institutional Limited the capacity to exercise the power to vote or dispose of the shares. Pendal Institutional Limited therefore also has a relevant interest in shares in which Pendal Fund Services Limited has a relevant interest.

Page 1 of 7

Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of	Persons entitled to be	Class and number of
	securities	registered as holder (8)	securities
Pendal Fund Services	HSBC Custody	See Annexure 'A'	11,576,139
Limited	Nominees (Australia)		Ordinary
	Limited.
	UBS Wealth
	Management
Pendal Institutional	BNP Fund Services	See Annexure 'A'	11,520,275
Limited	Australasia		Ordinary
	Citicorp Nominees Pty
	Limited
	HSBC Custody
	Nominees (Australia)
	Limited.
	JP Morgan Chase Bank
	National Australia
	Bank Limited
	Northern Trust
	Company Limited
	RBC Investor Services
	Trust
	State Street Australia
	Limited

4. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant	Date of acquisition		Consideration (9)	Class and number of
interest		Cash		Non-cash	securities

5. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)

Nature of association

Page 2 of 7

6. Addresses
The addresses of persons named in this form are as follows:
Name	Address
Pendal Group Limited (PDL)	Level 14, Chifley Tower, 2 Chifley Square, Sydney
	NSW 2000
Pendal Fund Services Limited	Level 14, Chifley Tower, 2 Chifley Square, Sydney
	NSW 2000
Pendal Institutional Limited	Level 14, Chifley Tower, 2 Chifley Square, Sydney
	NSW 2000
CHARTER HALL RETAIL REIT (CQR)	The Company Secretary,
	CHARTER HALL RETAIL REIT (CQR)
	Level 20, 1 Martin Place
	Sydney NSW 2000

Signature

Print name	Joanne Hawkins	Capacity	Company Secretary
Sign here		Date	25/02/2020

DIRECTIONS

1. If there are a number of substantial holders with similar or related relevant interests (e.g. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members, is clearly set out in paragraph 7 of the form.
2. See the definition of "associate" in section 9 of the Corporations Act 2001.
3. See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
4. The voting shares of a company constitute one class unless divided into separate classes.
5. The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.
6. The person's votes divided by the total votes in the body corporate scheme multiplied by 100.
7. Include details of:
8. 1. any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and with a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
   2. any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

1. If the substantial holder is unable to determine the identity of the person (e.g. if the relevant interest arises because of an option) write "unknown".
2. Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

Page 3 of 7

ANNEXURE A

This is annexure 'A' referred to in Form 603, Notice of initial substantial holder, lodged for Pendal Group Limited ACN 126 385 822.

Joanne Hawkins - Company Secretary, Pendal Group Limited 25/02/2020

Sales & Purchases for the period : 21/10/2019 to 21/02/2020

SECURITY: CQR

Pendal Fund Services Limited

		Nature of		Considera	Class of	Person's
Date	Registered Company	Quantity	votes
Change	tion	Securities
			affected
8/11/2019	HSBC Custody Nominees (Australia) Limited.	Buy	17,577	76,987.26	Ordinary	17,577
8/11/2019	HSBC Custody Nominees (Australia) Limited.	Buy	1,160	5,080.80	Ordinary	1,160
8/11/2019	HSBC Custody Nominees (Australia) Limited.	Buy	2,966	12,991.08	Ordinary	2,966
8/11/2019	HSBC Custody Nominees (Australia) Limited.	Buy	44,928	196,784.64	Ordinary	44,928
8/11/2019	HSBC Custody Nominees (Australia) Limited.	Buy	377	1,651.26	Ordinary	377
8/11/2019	HSBC Custody Nominees (Australia) Limited.	Buy	25	109.50	Ordinary	25
11/11/2019	HSBC Custody Nominees (Australia) Limited.	Buy	17,577	77,514.57	Ordinary	17,577
11/11/2019	HSBC Custody Nominees (Australia) Limited.	Buy	8,343	36,792.63	Ordinary	8,343
11/11/2019	HSBC Custody Nominees (Australia) Limited.	Buy	44,928	198,132.48	Ordinary	44,928
11/11/2019	HSBC Custody Nominees (Australia) Limited.	Buy	21,325	94,043.25	Ordinary	21,325
11/11/2019	HSBC Custody Nominees (Australia) Limited.	Buy	377	1,662.57	Ordinary	377
11/11/2019	HSBC Custody Nominees (Australia) Limited.	Buy	179	789.39	Ordinary	179
12/11/2019	HSBC Custody Nominees (Australia) Limited.	Buy	15,563	69,099.72	Ordinary	15,563
12/11/2019	HSBC Custody Nominees (Australia) Limited.	Buy	39,780	176,623.20	Ordinary	39,780
12/11/2019	HSBC Custody Nominees (Australia) Limited.	Buy	334	1,482.96	Ordinary	334
27/11/2019	HSBC Custody Nominees (Australia) Limited.	Buy	158,216	707,225.52	Ordinary	158,216
28/11/2019	HSBC Custody Nominees (Australia) Limited.	Buy	13,983	63,342.99	Ordinary	13,983
28/11/2019	HSBC Custody Nominees (Australia) Limited.	Buy	12,999	58,885.47	Ordinary	12,999
28/11/2019	HSBC Custody Nominees (Australia) Limited.	Buy	342	1,549.26	Ordinary	342
29/11/2019	HSBC Custody Nominees (Australia) Limited.	Buy	125,177	577,065.97	Ordinary	125,177
29/11/2019	HSBC Custody Nominees (Australia) Limited.	Buy	116,370	536,465.70	Ordinary	116,370
29/11/2019	HSBC Custody Nominees (Australia) Limited.	Buy	3,061	14,111.21	Ordinary	3,061
12/12/2019	HSBC Custody Nominees (Australia) Limited.	Buy	121,940	560,924.00	Ordinary	121,940
12/12/2019	HSBC Custody Nominees (Australia) Limited.	Buy	139,557	641,962.20	Ordinary	139,557
12/12/2019	HSBC Custody Nominees (Australia) Limited.	Buy	3,518	16,182.80	Ordinary	3,518
31/12/2019	HSBC Custody Nominees (Australia) Limited.	Buy	62,043	265,544.04	Ordinary	62,043
31/12/2019	HSBC Custody Nominees (Australia) Limited.	Buy	73,861	316,125.08	Ordinary	73,861
31/12/2019	HSBC Custody Nominees (Australia) Limited.	Buy	1,799	7,699.72	Ordinary	1,799
2/01/2020	HSBC Custody Nominees (Australia) Limited.	Buy	76,069	325,575.32	Ordinary	76,069
2/01/2020	HSBC Custody Nominees (Australia) Limited.	Buy	90,559	387,592.52	Ordinary	90,559
2/01/2020	HSBC Custody Nominees (Australia) Limited.	Buy	2,206	9,441.68	Ordinary	2,206
3/01/2020	HSBC Custody Nominees (Australia) Limited.	Buy	120,528	521,886.24	Ordinary	120,528
3/01/2020	HSBC Custody Nominees (Australia) Limited.	Buy	143,484	621,285.72	Ordinary	143,484
3/01/2020	HSBC Custody Nominees (Australia) Limited.	Buy	3,495	15,133.35	Ordinary	3,495

Page 4 of 7

21/01/2020	HSBC Custody Nominees (Australia) Limited.	Buy	127,530	590,463.90
23/01/2020	HSBC Custody Nominees (Australia) Limited.	Buy	51,635	241,135.45
23/01/2020	HSBC Custody Nominees (Australia) Limited.	Buy	196	915.32
31/01/2020	HSBC Custody Nominees (Australia) Limited.	Sell	-139,478	-
656,941.38
31/01/2020	HSBC Custody Nominees (Australia) Limited.	Buy	139,478	656,941.38
21/02/2020	HSBC Custody Nominees (Australia) Limited.	Sell	-53,825	-
264,280.75
21/02/2020	HSBC Custody Nominees (Australia) Limited.	Buy	116,049	558,195.69
21/02/2020	HSBC Custody Nominees (Australia) Limited.	Buy	564,198	2,713,792.
38
21/02/2020	HSBC Custody Nominees (Australia) Limited.	Buy	166,781	802,216.61
21/02/2020	HSBC Custody Nominees (Australia) Limited.	Buy	80,000	392,800.00
21/02/2020	HSBC Custody Nominees (Australia) Limited.	Buy	293,559	1,412,018.
79
21/02/2020	HSBC Custody Nominees (Australia) Limited.	Buy	1,535,564	7,386,062.
84
21/02/2020	HSBC Custody Nominees (Australia) Limited.	Buy	835,104	4,016,850.
24
21/02/2020	HSBC Custody Nominees (Australia) Limited.	Buy	3,821	18,379.01
	Total		5,205,258	24,466,293
		.58
Date	Registered Company	Nature of	Quantity	Considera
Change	tion
21/02/2020	UBS Wealth Management	Buy	2,312	11,120.72
	Total		2,312	11,120.72
	Pendal Fund Services Limited		5,207,570	24,477,414
		.30

Ordinary 127,530

Ordinary 51,635

Ordinary 196

Ordinary 139,478

Ordinary 139,478

Ordinary 53,825

Ordinary 116,049

Ordinary 564,198

Ordinary 166,781

Ordinary 80,000

Ordinary 293,559

Ordinary 1,535,564

Ordinary 835,104

Ordinary 3,821

Class of	Person's
votes
Securities
affected
Ordinary	2,312

Pendal Institutional Limited

		Nature of		Considera	Class of	Person's
Date	Registered Company	Quantity	votes
Change	tion	Securities
			affected
21/02/2020	Australia and New Zealand Banking Group	Buy	140,169	674,212.89	Ordinary	140,169
21/02/2020	Australia and New Zealand Banking Group	Buy	67,629	325,295.49	Ordinary	67,629
	Total		207,798	999,508.38
		Nature of		Considera	Class of	Person's
Date	Registered Company	Quantity	votes
Change	tion	Securities
			affected
8/11/2019	Citicorp Nominees Pty Limited	Buy	35,153	153,970.14	Ordinary	35,153
8/11/2019	Citicorp Nominees Pty Limited	Buy	2,320	10,161.60	Ordinary	2,320
11/11/2019	Citicorp Nominees Pty Limited	Buy	16,684	73,576.44	Ordinary	16,684
11/11/2019	Citicorp Nominees Pty Limited	Buy	35,153	155,024.73	Ordinary	35,153
12/11/2019	Citicorp Nominees Pty Limited	Buy	31,124	138,190.56	Ordinary	31,124
27/11/2019	Citicorp Nominees Pty Limited	Buy	94,784	423,684.48	Ordinary	94,784
28/11/2019	Citicorp Nominees Pty Limited	Buy	8,809	39,904.77	Ordinary	8,809

Page 5 of 7

29/11/2019	Citicorp Nominees Pty Limited	Buy	78,865
12/12/2019	Citicorp Nominees Pty Limited	Buy	101,579
31/12/2019	Citicorp Nominees Pty Limited	Buy	50,063
2/01/2020	Citicorp Nominees Pty Limited	Buy	61,381
3/01/2020	Citicorp Nominees Pty Limited	Buy	97,256
21/01/2020	Citicorp Nominees Pty Limited	Buy	86,181
23/01/2020	Citicorp Nominees Pty Limited	Buy	18,602
10/02/2020	Citicorp Nominees Pty Limited	Sell	-30,403
21/02/2020	Citicorp Nominees Pty Limited	Buy	432,034
21/02/2020	Citicorp Nominees Pty Limited	Buy	105,757
21/02/2020	Citicorp Nominees Pty Limited	Sell	-18,164
21/02/2020	Citicorp Nominees Pty Limited	Buy	854,887
	Total		2,062,065
Date	Registered Company	Nature of	Quantity
Change
8/11/2019	HSBC Custody Nominees (Australia) Limited	Buy	130
8/11/2019	HSBC Custody Nominees (Australia) Limited	Buy	1,965
11/11/2019	HSBC Custody Nominees (Australia) Limited	Buy	1,965
11/11/2019	HSBC Custody Nominees (Australia) Limited	Buy	933
12/11/2019	HSBC Custody Nominees (Australia) Limited	Buy	1,740
28/11/2019	HSBC Custody Nominees (Australia) Limited	Buy	2,351
29/11/2019	HSBC Custody Nominees (Australia) Limited	Buy	21,043
4/12/2019	HSBC Custody Nominees (Australia) Limited	Sell	-5,810
12/12/2019	HSBC Custody Nominees (Australia) Limited	Buy	23,631
31/12/2019	HSBC Custody Nominees (Australia) Limited	Buy	11,295
2/01/2020	HSBC Custody Nominees (Australia) Limited	Buy	13,849
3/01/2020	HSBC Custody Nominees (Australia) Limited	Buy	21,942
14/01/2020	HSBC Custody Nominees (Australia) Limited	Sell	-6,452
21/02/2020	HSBC Custody Nominees (Australia) Limited	Buy	452,748
21/02/2020	HSBC Custody Nominees (Australia) Limited	Buy	22,407
21/02/2020	HSBC Custody Nominees (Australia) Limited	Sell	-8,011
21/02/2020	HSBC Custody Nominees (Australia) Limited	Buy	180,923
	Total		736,649

363,567.65

467,263.40

214,269.64

262,710.68

421,118.48

399,018.03

86,871.34

-

147,758.58

2,078,083.

54

508,691.17

-89,185.24

4,112,006.

47

9,671,169.

30

Considera

tion

569.40

8,606.70

8,665.65

4,114.53

7,725.60

10,650.03

97,008.23

-25,912.60

108,702.60

48,342.60

59,273.72

95,008.86

-28,969.48 2,177,717.

88

107,777.67

-39,334.01

870,239.63

3,510,187.

01

Ordinary 78,865

Ordinary 101,579

Ordinary 50,063

Ordinary 61,381

Ordinary 97,256

Ordinary 86,181

Ordinary 18,602

Ordinary 30,403

Ordinary 432,034

Ordinary 105,757

Ordinary 18,164

Ordinary 854,887

Class of	Person's
votes
Securities
affected
Ordinary	130
Ordinary	1,965
Ordinary	1,965
Ordinary	933
Ordinary	1,740
Ordinary	2,351
Ordinary	21,043
Ordinary	5,810
Ordinary	23,631
Ordinary	11,295
Ordinary	13,849
Ordinary	21,942
Ordinary	6,452
Ordinary	452,748
Ordinary	22,407
Ordinary	8,011
Ordinary	180,923

Date	Registered Company	Nature of	Quantity	Considera
Change	tion
21/02/2020	JP Morgan Chase Bank	Buy	904,099	4,348,716.
19
21/02/2020	JP Morgan Chase Bank	Buy	322,522	1,551,330.
82
21/02/2020	JP Morgan Chase Bank	Buy	215,177	1,035,001.
37
21/02/2020	JP Morgan Chase Bank	Buy	595,272	2,863,258.
32
21/02/2020	JP Morgan Chase Bank	Buy	94,070	452,476.70
	Total		2,131,140	10,250,783
		.40

Class of	Person's
votes
Securities
affected
Ordinary	904,099
Ordinary	322,522
Ordinary	215,177
Ordinary	595,272
Ordinary	94,070

Page 6 of 7

Date	Registered Company

21/02/2020 National Australia Bank Limited

21/02/2020 National Australia Bank Limited

21/02/2020 National Australia Bank Limited

Total

Date	Registered Company

21/02/2020 Northern Trust Company Limited

Total

Date	Registered Company

21/02/2020 RBC Investor Services Trust

Total

Date	Registered Company

21/02/2020 State Street Australia Limited

21/02/2020 State Street Australia Limited

Total

Pendal Institutional Limited

Nature of

Change

Buy

Buy

Buy

Nature of

Change

Buy

Nature of

Change

Buy

Nature of

Change

Buy

Buy

Quantity

146,536

182,769

1,363,926

1,693,231

Quantity

1,215,961

1,215,961

Quantity

135,201

135,201

Quantity

325,570

159,466

485,036

8,667,081

Considera

tion

704,838.16

879,118.89

6,560,484.

06

8,144,441.

11

Considera

tion

5,848,772.

41

5,848,772.

41

Considera

tion

650,316.81

650,316.81

Considera

tion

1,565,991.

70

767,031.46

2,333,023.

16

41,408,201

.58

Class of	Person's
votes
Securities
affected
Ordinary	146,536
Ordinary	182,769
Ordinary	1,363,926

Class of	Person's
votes
Securities
affected
Ordinary 1,215,961

Class of	Person's
votes
Securities
affected
Ordinary	135,201

Class of	Person's
votes
Securities
affected
Ordinary	325,570
Ordinary	159,466

Page 7 of 7