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CHALLENGER LIMITED Director's Dealing 2004
64641_rns_2004-02-29_520c70c4-747b-4ba2-a297-198134b12b24.pdf
Director's Dealing
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Challenger Financial Services Group Limited ABN 85 106 842 371
Sydney
Level 41 Aumra Place 88 Phillip Street Sydney NSW 2000 Australia www.challenger.com.au
telephone: 02 9994 7000 facsimile: 02 9994 7777
01 March 2004
The Manager Company Announcement Platform Australian Stock Exchange Limited 20 Bridge St SYDNEY NSW 2000
Dear Sir/Madam
Re: Appendix 3Y - Change of Director's Interest Notice
Please find attached Appendix 3Y (Change of Director's Interest Notice) for the issue of ordinary shares under the CEO long term incentive plan (LTIP).
The Appendix 3Y is in conjunction to the Appendix 3B given on 22 January 2004 for the issue of shares to satisfy the terms of resolution 6 of the Notice of Meeting as approved by Unitholders on 22 December 2003.
Challenger's Board established the LTIP to align the remuneration of the CEO to the long term performance of Challenger's shareholders as outlined to the market in November 2003.
Further details of the LTIP can be found in the Disclosure Document and Notice of Meeting available on Challenger's website at www.challenger.com.au.
Yours faithfully,
S J Nelson Company Secretary
attach
Melbourne
Brishane
Perth
Level 41, 101 Collins Street Melbourne VIC 3000 $b = 0386161000$ facsimile 03 8616 1111
Level 9, 175 Eagle Street Brisbane QLD 4000 telephone 07 3218 8000
facsimile 07 3220 3132
Level 2, 141 St Georges Terrace. Perth WA 6000 telephone 08 9480 2800 facsimile 08 9322 9289
Adelaíde
Level 9, T & G Building 82 King Street Adelaide SA 5000 telephone 08 8211 7777 facsimile 08 8212 1661
Appendix 3Y
Rule 3.19A.2
Change of Director's Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 30/9/2001.
| Name of entity | Challenger Financial Services Group Limited |
|---|---|
| ABN | 85 106 842 371 |
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
| Name of Director | Christopher Edgar Cuffe |
|---|---|
| Date of last notice | 05/01/2004 |
Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
| Direct or indirect interest | As shown |
|---|---|
| Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. |
As shown |
| Date of change | 22/01/2004 |
| No. of securities held prior to change Class |
Indirect: 1,000,000 ordinary shares Cherryoak Investments Pty Ltd (Trustee for Christopher Cuffe Family Trust) Ordinary shares |
| Number acquired | 40,000,000 ordinary shares |
| Number disposed | Nil |
| Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation |
\$21,200,000 |
| No. of securities held after change | Indirect: 1,000,000 ordinary shares Cherryoak Investments Pty Ltd (Trustee for Christopher Cuffe Family Trust) 40,000,000 ordinary shares CPU Share Plans Pty Limited (Custodian for Challenger LTIP) |
+ See chapter 19 for defined terms.
| Nature of change exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back |
Issue of shares under CEO Long Term Incentive Plan as Example: on-market trade, off-market trade, approved by unitholders on 22 December 2003. |
|---|---|
| --------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------- |
Part 2 - Change of director's interests in contracts
| Detail of contract | |
|---|---|
| Nature of interest | |
| Name of registered holder (if issued securities) |
|
| Date of change | |
| No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed |
|
| Interest acquired | |
| Interest disposed | |
| Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation |
|
| Interest after change |
$\overline{\div}$ See chapter 19 for defined terms.