SPH Notice – API No 1 Limited Partnership
1
Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
To NZX Limited
and
To General Capital Limited
Date this disclosure made: 17 February 2023
Date on which substantial holding began: 17 February 2023
Substantial product holder(s) giving disclosure
Full name(s): API NO 1 LIMITED PARTNERSHIP
Summary of substantial holding
Class of quoted voting products: Ordinary Shares
Summary for: API NO 1 LIMITED PARTNERSHIP
For this disclosure,—
(a) total number held in class: 86,956,522
(b) total in class: 363,574,975
(c) total percentage held in class: 23.92%
Details of relevant interests
Details for: API NO 1 LIMITED PARTNERSHIP
Nature of relevant interest(s): registered holder and beneficial owner
For that relevant interest,—
(a) number held in class: 86,956,522
(b) percentage held in class: 23.92%
(c) current registered holder(s): Not applicable
(d) registered holder once shares are issued: API NO 1 LIMITED PARTNERSHIP
Substantial product holder(s) giving disclosure
Full name(s): API NO 1 GP LIMITED in its capacity as general partner of API NO 1 LIMITED
PARTNERSHIP
Summary of substantial holding
Class of quoted voting products: Ordinary Shares
Summary for: API NO 1 GP LIMITED in its capacity as general partner of API NO 1
LIMITED PARTNERSHIP
2
For this disclosure,—
(a) total number held in class: 86,956,522
(b) total in class: 363,574,975
(c) total percentage held in class: 23.92%
Details of relevant interests
Details for: API NO 1 GP LIMITED in its capacity as general partner of API NO 1 LIMITED
PARTNERSHIP
Nature of relevant interest(s): power to: (i) exercise a right attached to, and (ii) acquire or
dispose of, a financial product.
For that relevant interest,—
(a) number held in class: 86,956,522
(b) percentage held in class: 23.92%
(c) current registered holder(s): Not applicable
(d) registered holder once shares are issued: API NO 1 LIMITED PARTNERSHIP
Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure:
On 2 November 2022, API No 1 GP Limited in its capacity as general partner of of API No 1
Limited Partnership (API No 1) entered into a subscription agreement (Agreement) with
General Capital Limited (GEN) under which API No 1 agreed to subscribe for, and GEN agreed
to issue, 86,956,522 ordinary shares to API No 1 for an aggregate subscription price of
$5,000,000 (Transaction). On 17 February the Transaction completed and the shares were
issued to API No 1.
Additional information
Address of substantial product holder: Cooney Lees Morgan, Level 3, 247 Cameron Road,
Tauranga, 3110, New Zealand
Contact details: Michael Johns, michael.johns@ascentro.com
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: None
Certification
I, Courtney Mearns, 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.
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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