SPH Notice – Wanaka Partners, LLC
1
Disclosure of movement of 1% or more in substantial holding
or change in nature of relevant interest, or both
Sections 277 and 278, Financial Markets Conduct Act 2013
To NZX Limited
and
To Winton Land Limited (WIN)
Relevant event being disclosed: Change in nature of relevant interest
Date of relevant event: 23 August 2023
Date this disclosure made: 28 August 2023
Date last disclosure made: 17 December 2021
Substantial product holder(s) giving disclosure
Full name(s): Wanaka Partners, LLC and David Liptak
Summary of substantial holding
Class of quoted voting products: Ordinary shares in WIN (NZX Code: WIN)
Summary for Wanaka Partners, LLC and David Liptak
For this disclosure,—
(a) total number held in class: 28,683,000
(b) total in class: 296,613,736
(c) total percentage held in class: 9.670%
For last disclosure,—
(a) total number held in class: 28,683,000
(b) total in class: 296,613,736
(c) total percentage held in class: 9.670%
Details of transactions and events giving rise to relevant event:
In connection with the initial public offering of WIN (the Offer) Wanaka Partners, LLC
entered into a restricted security agreement with WIN (previously attached to WIN’s
substantial product holder notice dated 17 December 2021) pursuant to which it agreed
not to sell or otherwise dispose of more than 25% of the shares held by it prior to the Offer
before the business day after the release of WIN’s results announcement for the financial
year ended 30 June 2023.
2
On 22 August 2023, WIN released its results announcement for the financial year ended 30
June 2023 to NZX. Accordingly, the shares held by Wanaka Partners, LLC are now
released from the escrow restrictions described above and Wanaka Partners, LLC’s power
to sell or otherwise dispose of those shares is no longer qualified by the escrow restrictions
in the restricted security agreement.
Details after relevant event
Details for Wanaka Partners, LLC:
Nature of relevant interest(s): Registered holder and beneficial owner
For that relevant interest,—
(a) For that relevant interest,—
(a) number held in class: 28,683,000
(b) percentage held in class: 9.670%
(c) current registered holder(s): Wanaka Partners, LLC
(d) registered holder(s) once transfers are registered: Not applicable
For a derivative relevant interest, also—
(a) type of derivative: Not applicable
(b) details of derivative: Not applicable
(c) parties to the derivative: Not applicable
(d) if the substantial product holder is not a party to the derivative, the nature of the
relevant interest in the derivative: Not applicable
Details for David Liptak:
Nature of relevant interest(s): 20% or more interest in Wanaka Partners, LLC, resulting in
David being deemed to have the same relevant interests in WIN shares as Wanaka
Partners, LLC as outlined above.
For that relevant interest,—
(a) For that relevant interest,—
(a) number held in class: 28,683,000
(b) percentage held in class: 9.670%
(c) current registered holder(s): Wanaka Partners, LLC
(d) registered holder(s) once transfers are registered: Not applicable
3
For a derivative relevant interest, also—
(a) type of derivative: Not applicable
(b) details of derivative: Not applicable
(c) parties to the derivative: Not applicable
(d) if the substantial product holder is not a party to the derivative, the nature of the
relevant interest in the derivative: Not applicable
Additional information
Address(es) of substantial product holder(s): 2711 Centerville Road, Suite 400,
Wilmington, Delaware, 19808, United States of America
Contact details: David Liptak, +1 917 603 3314, dliptak@spring-street.net
Nature of connection between substantial product holders: David Liptak has a 20% or
more interest in Wanaka Partners, LLC
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: Winton Land Limited
Certification
I, David Liptak, 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.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
- WCO — WasteCo Group Limited: SPH Notice – Shane David Edmond and Belinda Anne Edmond2023-06-15
“Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest, or both Sections 277 and 278, Financial Markets Conduct Act 2013 To NZX Limited and To WasteCo Group Limited (WCO) Relevant event being disclosed: Disclosure of movement of…”
- WCO — WasteCo Group Limited: SPH Notice – Redmayne’s and Steele Trustees Limited2023-06-15
“1 Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest, or both Sections 277 and 278, Financial Markets Conduct Act 2013 To NZX Limited and To WasteCo Group Limited (WCO) Relevant event being disclosed: Disclosure of movem…”
- SDL — Solution Dynamics Limited: SPH Notice – The Aspiring Fund2023-10-10
“1 Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest, or both Sections 277 and 278, Financial Markets Conduct Act 2013 To NZX and To Solution Dynamics Limited Relevant event being disclosed: Movement of 1% or more in subs…”