4 January 2021

The Manager

Company Announcements Office

ASX Limited

20 Bridge Street

SYDNEY NSW 2000

By electronic lodgement

Dear Sir/Madam

Re: Notice of initial substantial holder - Elders Limited (ELD)

We attach a notice of initial substantial holder in Elders Limited. This notice is given by Greencape Capital Pty Ltd.

Yours faithfully

Sophie Gowland

Company Secretary

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

ToCompanyName/Scheme

ACN/ARSN

1. Details of substantial holder (1) Name

ACN/ARSN (if applicable)

Elders Limited

34 004 336 636

Greencape Capital Pty Ltd

120 328 529

The holder became a substantial holder on

30/12/2020

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 Fully Paid

Same as persons votes

7,830,085

5.01%

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)

Class and number of securities

Greencape Capital Pty Ltd

Ordinary Fully Paid securities

Refer Annexure 1

purchased and sold on market by

Greencape Capital Pty Ltd

4. 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 securities

Person entitled to be registered as

Class and number of

holder (8)

securities

Greencape Capital Pty Ltd

Citicorp Nominees Pty

Citicorp Nominees Pty Limited

2,085,171 (Ordinary Fully

Limited

Paid)

Greencape Capital Pty Ltd

HSBC Custody Nominees

HSBC Custody Nominees (Australia)

3,152,565 (Ordinary Fully

Greencape Capital Pty Ltd

National Nominees Limited

National Nominees Limited

838,583 (Ordinary Fully

Greencape Capital Pty Ltd

J P Morgan Nominees

J P Morgan Nominees Australia

1,753,766 (Ordinary Fully

5. 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 interest

Date of acquisition

Consideration (9)

Class and number of

securities

Cash

Non-cash

Greencape Capital Pty Ltd

Refer

Refer

Refer

Annexure 1

Annexure 1

Annexure 1

6. 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

N/A

N/A

7. Addresses

The addresses of persons named in this form are as follows:

Name

Address

Greencape Capital Pty Ltd

Level 2, 5 Martin Place, Sydney NSW 2000

Signature

print name Sophie Gowland

capacity

Company Secretary

sign here

date

04/01/2021

DIRECTIONS

  1. If there are a number of substantial holders with similar or related relevant interests (eg. 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 section s608 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 thescheme (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 or scheme multiplied by 100.
  7. Include details of:
  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 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 (eg. 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.

Annexure 1 consists of 2 pages and is referred to in Form 603 signed by me and dated 4 January 2021

Sophie Gowland

Company Secretary of Greencape Capital Pty Ltd

Transactions:

Company

Name/Scheme:

Elders Limited (ELD)

As at:

30/12/2020

Class of security:

Ordinary Fully Paid

Holder of relevant

Number of

Person's Votes

Date of Change

interest

Nature of Change

Consideration

Securities

Affected

Greencape Capital Pty Ltd

Opening Balance

5,913,944

5,913,944

31/08/2020

as above

Buy

904,716.00

90,000

90,000

07/10/2020

as above

Buy

113,748.90

9,791

9,791

07/10/2020

as above

Buy

237,210.20

20,418

20,418

07/10/2020

as above

Buy

390,982.08

33,654

33,654

07/10/2020

as above

Buy

241,787.57

20,812

20,812

07/10/2020

as above

Buy

37,722.67

3,247

3,247

08/10/2020

as above

Buy

115,933.06

9,920

9,920

08/10/2020

as above

Buy

241,764.83

20,687

20,687

08/10/2020

as above

Buy

398,461.45

34,095

34,095

08/10/2020

as above

Buy

246,427.86

21,086

21,086

08/10/2020

as above

Buy

38,449.57

3,290

3,290

28/10/2020

as above

Buy

986,875.80

87,000

87,000

20/11/2020

as above

Buy

397,951.50

35,900

35,900

24/11/2020

as above

Buy

118,451.30

11,234

11,234

24/11/2020

as above

Buy

353,455.97

33,522

33,522

24/11/2020

as above

Buy

737,774.22

69,971

69,971

24/11/2020

as above

Buy

1,225,434.22

116,221

116,221

24/11/2020

as above

Buy

816,527.36

77,440

77,440

24/11/2020

as above

Buy

76,820.33

7,285

7,285

24/11/2020

as above

Buy

229,248.30

21,740

21,740

24/11/2020

as above

Buy

478,521.56

45,379

45,379

24/11/2020

as above

Buy

794,808.29

75,373

75,373

24/11/2020

as above

Buy

529,601.54

50,223

50,223

25/11/2020

as above

Buy

22,935.53

2,217

2,217

25/11/2020

as above

Buy

52,823.10

5,106

5,106

25/11/2020

as above

Buy

7,614.14

736

736

25/11/2020

as above

Buy

47,878.05

4,628

4,628

25/11/2020

as above

Buy

78,613.93

7,599

7,599

26/11/2020

as above

Buy

35,438.06

3,424

3,424

26/11/2020

as above

Buy

81,608.96

7,885

7,885

26/11/2020

as above

Buy

11,767.84

1,137

1,137

26/11/2020

as above

Buy

73,960.39

7,146

7,146

26/11/2020

as above

Buy

121,456.08

11,735

11,735

27/11/2020

as above

Buy

120,849.98

11,708

11,708

27/11/2020

as above

Buy

278,291.44

26,961

26,961

27/11/2020

as above

Buy

40,111.29

3,886

3,886

27/11/2020

as above

Buy

252,218.07

24,435

24,435

27/11/2020

as above

Buy

414,180.57

40,126

40,126

30/11/2020

as above

Buy

508,298.54

48,804

48,804

30/11/2020

as above

Buy

243,494.62

23,379

23,379

30/11/2020

as above

Buy

80,654.53

7,744

7,744

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Elders Ltd. published this content on 04 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 January 2021 06:33:04 UTC