To: Company Name/Scheme: | KORVEST LTD. | ||||||
ACN/ARSN: | 007 698 106 | ||||||
1. Details of substantial holder | |||||||
Name | Superannuation and Investments HoldCo Pty Ltd ACN 644 660 882 and its related bodies corporate listed in annexure A | ||||||
The holder became a substantial holder on: | 01/12/2021 | ||||||
2. Details of voting power | |||||||
onlyThe total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or | |||||||
use | an associate had a relevant interest in on the date the substantial holder became a substantial holder are as follows: | ||||||
Class of securities | Number of securities | Person's votes | Voting power (%) | ||||
Fully paid Ordinary shares | 0 | 0 | 0.00% | ||||
For the Securities (if any) listed below see NOTE 1 at the end of this form | |||||||
Class of securities | Number of securities | Person's votes | Voting power (%) | ||||
Fully paid Ordinary shares | 1,138,760 | 1,138,760 | 9.94% | ||||
Class of securities | Number of securities | Person's votes | Voting power (%) | ||||
GRAND TOTAL | 1,138,760 | 1,138,760 | 9.94% | ||||
For personal |
1
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 | Class and number of securities | |
only | |||
Relevant interest under paragraph 608(1)(b) and/or | |||
608(1)(c) of the Corporations Act 2001 (Cth), being a | |||
relevant interest arising from having the residual | |||
power to control the exercise of the right to vote | |||
attached to securities and/or to control the exercise of | |||
the power to dispose of securities in its capacity as a | |||
responsible entity of a managed investment scheme | |||
(which managed investment scheme is not managed | |||
by either Colonial First State Investments Limited or a | |||
related body corporate). In addition, if any OTC | |||
derivatives, warrants or other securities (other than | |||
Colonial First State Investments Limited | ordinary shares or ordinary units (as applicable)) are | ||
referred to below in this row, the relevant interest in | 1,138,760 Fully paid Ordinary shares | ||
(Note1) ACN 002 348 352 | |||
respect of those securities arises under subsection | |||
608(8) being a residual accelerated relevant interest | |||
held in the same capacity. Colonial First State | |||
use | Investments Limited has authorised the manager of | ||
each such managed investment scheme to exercise the | |||
powers referred to in paragraph 608(1)(b) and/or | |||
608(1)(c) of the Corporations Act 2001 (Cth) in | |||
relation to those securities managed by the manager to | |||
the exclusion of Colonial First State Investments | |||
Limited except for provisions allowing Colonial First | |||
State Investments Limited to terminate the agreement | |||
with the manager or to exercise those powers where | |||
the agreement is terminated. | |||
Relevant interest under paragraph 608(1)(b) and/or | |||
608(1)(c) of the Corporations Act 2001 (Cth), being a | |||
personalFor | relevant interest arising from having the power to | ||
control the exercise of the right to vote attached to | |||
securities and/or to control the exercise of the power to | |||
dispose of securities in its capacity as a responsible | |||
Colonial First State Investments Limited | entity of a managed investment scheme (which | 1,138,760 Fully paid Ordinary shares | |
ACN002 348 352 | managed investment scheme is managed by Colonial | ||
First Statement Investments Limited or a related body | |||
corporate). In addition, if any OTC derivatives, | |||
warrants or other securities (other than ordinary shares | |||
or ordinary units (as applicable)) are referred to below | |||
in this row, the relevant interest in respect of those | |||
securities arises under subsection 608(8) being an | |||
accelerated relevant interest held in the same capacity. | |||
2
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 | Registered holder of | Person entitled to be | Class and number of securities |
interest | securities | registered as holder | |
Colonial First State Investments Limited | Fully paid Ordinary | ||
(Note1) ACN 002 348 352 | Citibank N A Hong Kong | 1,138,760 shares |
For personal use only
3
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 | Date of acquisition | Consideration | Class and number of securities | ||
interest | |||||
Cash | Non-cash | ||||
onlyusepersonalFor | On 1 December 2021 | ||||
Commonwealth Bank of Australia | |||||
and its subsidiary Capital 121 Pty Ltd | |||||
completed the previously announced | |||||
divestment of a 55% interest in the | |||||
Colonial First State business to KKR. | |||||
As a result of the divestment, | |||||
Superannuation and Investments | |||||
HoldCo Pty Ltd as the Holding | |||||
Company of the Colonial First State | |||||
business has commenced filings for | |||||
the Colonial First State Group. |
4
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 | |
Colonial First State Investments | ACN 002 348 352 | An indirect wholly-owned subsidiary, and therefore related body corporate, of Superannuation and |
Limited | Investments HoldCo Pty Ltd | |
For personal use only
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Korvest Limited published this content on 02 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 December 2021 01:10:02 UTC.