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CHALLENGER LIMITED — Director's Dealing 2011
Sep 21, 2011
64641_rns_2011-09-21_df666ddf-2fa6-404a-8ecb-39b874d99095.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 30/09/01 Amended 01/01/11
Name of entity Challenger Limited ABN 85 106842371
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 | Dominic Stevens |
|---|---|
| Date of last notice | 6 September 2011 |
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 and Indirect |
|---|---|
| Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. |
200,000 shares are held by the trustee of Emandom Superannuation Fund. |
| Date of change | 15 September 2011 |
| No. of securities held prior to change | 6,867,555 ordinary shares |
| Class | Ordinary Shares |
| Number acquired | 405,599 shares granted on vesting of performance rights in respect of years 2009 and 2010. |
| Number disposed | 405,599 shares sold |
| Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation |
$1,898,203.32 for sale of shares |
| No. of securities held after change | 6,867,555 ordinary shares |
- See chapter 19 for defined terms.
01/01/2011 Appendix 3Y Page 1
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 |
Shares granted on vesting of performance rights pursuant to Challenger Performance Plan Rules and sale of these resulting shares on market. |
|---|---|
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 | As previously disclosed, Mr Stevens holds 1,303,290 performance rights under the Challenger Performance Plan. 405,599 of these rights vest on 15 September 2011. As previously disclosed Mr Stevens has entered into a Loan Agreement and a related Collar Agreement in relation to 5,800,000 ordinary shares. For the 2011 year, a portion of Mr Stevens’ discretionary performance bonus has been deferred into 221,187 performance rights (2011 Performance Rights) |
|---|---|
| Nature of interest | The 2011 Performance Rights vest over a 2 year period subject to Mr Stevens’ continued employment with Challenger. |
| Name of registered holder (if issued securities) |
n/a |
| Date of change | 15 September for vesting of rights 16 September for grant of rights |
| 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 |
n/a |
| Interest acquired | 221,187 performance rights |
| Interest disposed | 405,599 performance rights |
| Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation |
n/a |
| Interest after change | 1,118,878 performance rights |
Part 3 –[+] Closed period
- See chapter 19 for defined terms.
Appendix 3Y Page 2
01/01/2011
Appendix 3Y Change of Director’s Interest Notice
| Were the interests in the securities or contracts detailed above traded during a+closed period where prior written **clearance was required? ** |
no |
|---|---|
| If so, was prior written clearance provided to allow the trade to proceed during this period? |
n/a |
| If prior written clearance was provided, on what date was this provided? |
n/a |
- See chapter 19 for defined terms.
01/01/2011 Appendix 3Y Page 3