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CHALLENGER LIMITED — Director's Dealing 2007
Sep 17, 2007
64641_rns_2007-09-17_c08ecac6-769e-4d64-a816-94c8c4ba5b71.pdf
Director's Dealing
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Appendix 3Y Change of Director’s Interest Notice
Rule 3.19A.2
Appendix 3Y
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 | Michael Tilley |
|---|---|
| Date of last notice | 9 May 2007 |
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
Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.
| Direct or indirect interest | Direct interest (registered holder) |
|---|---|
| Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. |
|
| Date of change | 12 September 2007 |
| No. of securities held prior to change | 7,022,999 |
| Class | Ordinary shares |
| Number acquired | 4,000,000 |
| Number disposed | |
| Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation |
$22,489,600.00 |
| No. of securities held after change | 11,022,999 |
- See chapter 19 for defined terms.
Appendix 3Y Page 1
11/3/2002 Legal\103334438.1 - ACQUISITION OF SHARES & PUT OPTION
Appendix 3Y Change of Director’s Interest Notice
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back
On-market trade
Part 2 – Change of director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.
| Detail of contract | Protected Loan and Put Option Agreement with Deutsche Bank AG dated 5 September 2007 |
|---|---|
| Nature of interest | Right to deliver shares under a put option on the maturity date of the loan used to acquire the shares |
| Name of registered holder (if issued securities) |
Michael Tilley |
| Date of change | 12 September 2007 |
| 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 |
4,000,000 ordinary shares. These are the same shares referred to in Part 1 |
| Interest acquired | |
| Interest disposed | Up to 4,000,000 ordinary shares |
| Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation |
The balance of the loan (to acquire the shares) at the maturity date of the loan. |
| Interest after change | 7,022,999 ordinary shares (if the put option is fully exercised) |
- See chapter 19 for defined terms.
Appendix 3Y Page 2 Legal\103334438.1
11/3/2002