Form 605
Corporations Act 2001
Section 671B
Notice of ceasing to be a substantial holder
ToCompany Name/Scheme
ACN/ARSN/ABN
1. Details of substantial holder (1)
Name
ACN/ARSN (if applicable)
Pental Limited
091 035 353
Allan Gray Australia Pty Ltd (Allan Gray Australia) and its related bodies corporate as set out in Table 1 of Annexure A (together the Group), as investment manager for the funds or investment mandates listed at Table 2 of Annexure A
112 316 168 (ACN of Allan Gray Australia)
The holder ceased to be a substantial holder on | 24 July 2020 |
The previous notice was given to the company on | 16 July 2020 |
The previous notice was dated | 16 July 2020 |
2. Changes in relevant interests
Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:
Date of change | Person whose relevant | Nature of | Consideration | Class (6) and number | Person's votes |
interest changed | change (4) | given in relation | of securities affected | affected | |
to change (5) | |||||
See Annexure A, Tables 2 | |||||
and 3 |
3. Changes in association
The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:
Name and ACN/ARSN (if applicable) | Nature of association |
See Annexure A, Tables 1 and 2 | |
4. Addresses
The addresses of persons named in this form are as follows:
Name | Address |
The Group | C/- Allan Gray Australia, Level 2 Challis House, 4 Martin Place Sydney , NSW 2000 |
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Signature
print name | Elizabeth Lee | Company Secretary |
sign here | Date: 28 July 2020 | |
DIRECTIONS
- 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 4 of the form.
- See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
- See the definition of "associate" in section 9 of the Corporations Act 2001.
- Include details of:
- any relevant agreement or other circumstances because of which the change in relevant interest occurred. 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
-
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
- 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.
- The voting shares of a company constitute one class unless divided into separate classes.
- Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.
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Pental Limited
THIS IS ANNEXURE A OF 2 PAGES REFERRED TO IN THE ABOVE FORM 605
Print name | Elizabeth Lee | Company Secretary |
Sign here | Date: 28 July 2020 | |
Table 1 - Related bodies corporate
The following entities are associates of Allan Gray Australia Pty Ltd (AGA) and each other by virtue of being related bodies corporate.
Orbis Allan Gray Limited | Orbis Mansfield Street Properties Ltd | |||||
Orbis Holdings Limited | Orbis Investment Management (BVI) Limited (OIMLBVI) | |||||
Orbis Investment Management Limited (OIML) | Orbis Investment Advisory Pty Limited | |||||
Orbis Asset Management Limited (OAML) | Allan Gray (Holdings) Pty Ltd | |||||
Orbis Administration Limited | Orbis Investment Management (Hong Kong) Limited | |||||
Orbis Investment Research Limited | Orbis Client Services (Canada) Limited | |||||
Orbis Investment Management (MIS) Limited | Orbis Holdings (UK) Limited | |||||
Triple Blue Holdings Limited | Orbis Investment Management (Europe) LLP | |||||
Pictet Overseas Trust Corporation and Pictet Trustee Company SA | Orbis Investment Management (Luxembourg) S.A | |||||
Allan & Gill Gray Foundation (Guernsey) | EmCap Limited (Guernsey) | |||||
Table 2 - Funds | ||||||
An entity within the Group acts as investment manager for some or all of the assets in the following funds. | ||||||
No | Fund name | Manager | Code | Registered holder | Persons entitled to be registered | |
holder | ||||||
1. | Allan Gray Australia Equity Fund | AGA | SMEF | Citibank N.A., Sydney Branch as | Equity Trustees Limited as SMEF's | |
SMEF's custodian | responsible entity | |||||
2. | Allan Gray Australia Balanced Fund | AGA | SMBF | Citibank N.A., Hong Kong Branch | Equity Trustees Limited as SMBF's | |
as SMBF's custodian | responsible entity | |||||
3. | Allan Gray Australia Stable Fund | AGA | SMSF | Citibank N.A., Sydney Branch as | Equity Trustees Limited as SMSF's | |
SMSF's custodian | responsible entity | |||||
4. | Morningstar Australian Shares High | AGA | SMIA | JP Morgan Nominees Australia | Morningstar Investment Management | |
Alpha Fund | Ltd as SMIA's custodian | Australia Limited SMIA's trustee | ||||
5. | Construction and Building Unions | AGA | SMCB | JP Morgan Nominees Australia | United Super Pty Ltd as SMCB's trustee | |
Superannuation Fund | Ltd as SMCB's custodian | |||||
6. | HESTA Superannuation Fund | AGA | SMHT | JP Morgan Nominees Australia | H.E.S.T. Australia Ltd as SMHT's trustee | |
Ltd as SMHT's custodian | ||||||
7. | Hostplus Pooled Superannuation | AGA | SMHP | Citibank N.A., Sydney Branch as | Host Plus Pty ltd as SMHP's trustee | |
Trust | SMHP's custodian | |||||
8. | Russell Australian Opportunities Fund | AGA | SMRI | State Street Australia Ltd as | Russell Investment Management Ltd as | |
SMRI's custodian | SMRI's responsible entity | |||||
9. | MyLifeMyMoney Superannuation | AGA | SMCS | NAB Custodial Services as | CSF Pty Ltd as SMCS's trustee | |
Fund | custodian for SMCS | |||||
10. | Maritime Super | AGA | SMMS | NAB Custodial Services as | Maritime Super Pty Ltd as SMMS's | |
custodian for SMMS | trustee | |||||
11. | Non-Government Schools | AGA | SMNG | State Street Australia Ltd as | Non-Government Schools | |
Superannuation Fund | SMNP | SMNG's custodian | Superannuation Fund Pty Ltd as | |||
SMNG's trustee | ||||||
12. | REST Superannuation Fund | AGA | SMRT | State Street Australia Ltd as | Retail Employees Superannuation Pty | |
SMRT's custodian | Ltd as SMRT's trustee | |||||
13. | Government Employees | AGA | SMGB | Northern Trust Corporation as | Government Employees Superannuation | |
Superannuation Board | SMGB's custodian | Board | ||||
14. | Statewide Superannuation Trust | AGA | SMSW | NAB Custodial Services as | Statewide Superannuation Pty Ltd as | |
custodian for SMSW | SMSW's trustee | |||||
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No | Fund name | Manager | Code | Registered holder | Persons entitled to be registered |
holder | |||||
15. | Legal Super | AGA | SMLS | BNP Paribas Fund Services | Legal Super Pty Ltd as trustee of |
Australasia Pty Ltd as SMLS's | legalsuper | ||||
custodian | |||||
16. | AMP Capital Specialist Australian | AGA | SMAP | BNP Paribas Fund Services | AMP Capital Funds Management |
Share Fund | Australasia Pty Ltd as SMAP's | Limited as responsible entity of AMP | |||
custodian | Capital Specialist Australian Share Fund | ||||
17. | Orbis Global Equity Fund (Australia | OIML | GAPL | Citibank N.A., Hong Kong Branch, | Equity Trustees Limited as GAPL's |
Registered) | as GAPL's custodian | responsible entity | |||
18. | Orbis Emerging Markets Equity Fund | OIML | EMAF | Citibank N.A., Hong Kong Branch, | Equity Trustees Limited as EMAF's |
(Australia Registered) | as EMAF's custodian | responsible entity | |||
19. | Orbis Global Equity LE Fund | AGA | GALE | Citibank N.A., Hong Kong Branch, | Equity Trustees Limited as GALE's |
(Australia Registered) | as GALE's custodian | responsible entity | |||
20. | Orbis Global Equity Fund Limited | OIML | OGEF | Citigroup Fund Services Canada, | OGEF |
Inc (Citi Canada) as OGEF's | |||||
custodian | |||||
21. | Orbis Optimal SA Fund Limited | OIML | OSAP | Citi Canada as OSAP's custodian | OSAP |
22. | Institutional Global Equity Fund | OIML | IGEF | Citi Canada as IGEF's custodian | IGEF |
23. | Orbis Optimal LP | OIML | OOLP | Citi Canada as OOLP's custodian | OOLP |
24. | Orbis International Equity LP | OIML | IELP | Citi Canada as IELP's custodian | IELP |
25. | Orbis Institutional Global Equity LP | OIML | OGLP | Citi Canada as OGLP's custodian | OGLP |
26. | Orbis Institutional International Equity | OIML | ONLP | Citi Canada as ONLP's custodian | ONLP |
LP | |||||
27. | Orbis Institutional U.S. Equity LP | OIML | USLP | Citi Canada as USLP's custodian | USLP |
28. | Orbis Institutional Emerging Markets | OIML | EMLP | Citi Canada as EMLP's custodian | EMLP |
Equity LP | |||||
29. | Orbis SICAV - Global Equity Fund | OIML | SGPL | Citibank International plc | SGPL |
(Luxembourg Branch) (Citi Lux) | |||||
as SGPL's custodian | |||||
30. | Orbis SICAV - Asia- Ex Japan Fund | OIML | XJPL | Citi Lux as XJPL's custodian | XJPL |
31. | Orbis SICAV - Global Balanced Fund | OIML | GBSA | Citi Lux as GBSA's custodian | GBSA |
32. | Orbis SICAV - International Equity | OIML | SNPL | Citi Lux as SNPL's custodian | SNPL |
33. | Orbis OEIC Global Equity Fund | OIML | UKGE | Citi Lux as UKGE's custodian | UKGE |
34. | Orbis Institutional Global Equity | OIML | OGEO | Citi Canada as OGEO's custodian | OGEO |
(OFO) | |||||
35. | OEIC Global Cautious Fund | OIML | OCS4 | Citi Lux as OCS4's custodian | OCS4 |
36. | Orbis SICAV Global Cautious Fund | OIML | OCSU | Citi Lux as OCSU's custodian | OCSU |
Table 3 - Change in relevant interest
Trade Date | Reference Code | Action | No of security | Consideration |
15 Jul 20 to 24 Jul 20 | SMCB | Sell | -538,861 | -$ 202,317 |
15 Jul 20 to 24 Jul 20 | SMEF | Sell | -1,041,090 | -$ 392,971 |
15 Jul 20 to 24 Jul 20 | SMHP | Sell | -385,297 | -$ 144,325 |
15 Jul 20 to 24 Jul 20 | SMHT | Sell | -390,254 | -$ 146,214 |
Total | -2,355,502 | -$ 885,827 |
All trades occur on market, under a dividend reinvestment plan, or pursuant to a capital raising (as applicable).
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Pental Limited published this content on 28 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2020 23:05:04 UTC