Initial Disclosure Notice – Anton Steven Ian Douglas

Initial Disclosure Notice
Disclosure of Directors and Senior Managers Interests
Sections 297(1) and 298(1), Financial Markets Conduct Act 2013


Director or senior manager giving disclosure

Summary of relevant interest (excluding specified derivatives)


Summary of specified derivatives relevant interest (if applicable)

For that derivative,-


Certification
Parties to the derivative:
If the director or senior manager is not a party to the derivative, the nature of the
relevant interest in the derivative:

‘


To NZX Limited; and
Name of listed issuer:
Date this disclosure made:
Date on which issuer listed or appointment made:

General Capital Limited
21/02/2023
17/02/2023

Full name:
Name of listed issuer:
Name of related body corporate (if applicable):
Position held in listed issuer:

Anton Steven Ian Douglas
General Capital Limited
API No 1 Limited Partnership
Director

Class of quoted financial product:
Number held in class:








Nature of interest:
Current registered holder:

Ordinary shares
86,956,522
On 17 February 2023, Anton Steven Ian Douglas was appointed a
director of General Finance Limited, a wholly owned subsidiary of
GEN. Anton is a director of Oruatua Trustee Limited (OTL). OTL, in
its capacity as sole trustee of the Douglas Family Investment Trust,
is a Limited Partner of API No 1 Limited Partnership (API No 1) and
holds a 14% interest in the total partnership interests on issue.

On 2 November 2022, API No 1 GP Limited in its capacity as general
partner of API No 1 entered into a subscription 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. On 17
February 2023 the Transaction completed, the shares were issued to
API No 1 and Anton was appointed.
API No 1 Limited Partnership

Type of derivative:
Class of underlying financial products:




Details of derivative
The notional value of the derivative (if any) or the notional amount of underlying
products (if any):
A statement as to whether the derivative is cash settled or physically settled:
Maturity date of the derivative (if any):
Expiry date of the derivative (if any):
The price specified in the terms of the derivative(if any):
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the
underlying financial products:









I, 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.
Signature of director or officer:
Date of signature:


21/02/2023