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CHALLENGER LIMITED — Director's Dealing 2020
Aug 26, 2020
64641_rns_2020-08-26_e2676df4-3edd-441e-a7c3-200211b6d67a.pdf
Director's Dealing
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Appendix 3Y Change of Director’s Interest Notice
7Rule 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 | 85 106 842 371 |
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 | Richard Howes |
|---|---|
| Date of last notice | 16 December 2019 |
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 relevantinterest. | •Investments in financial products issued by relatedbodies corporate of Challenger Limited:oGuaranteed Annuity issued by ChallengerLife Company Limited for his spouse.o$5,072,466.19 of units in certain registeredmanaged investment schemes issued byFidante Partners Limited (5,149,391 units)held by the Howes Family Trust. |
| Date of change | 20 August 2020 and 24 August 2020 |
| No. of securities held prior to change | •561,478 ordinary shares•Investments in financial products issued by relatedbodies corporate of Challenger Limited:o$2,500,000 of Guaranteed Annuities issuedbyChallengerLifeCompanyLimited(including an annuity for his spouse); ando$5,072,466.19 of units in certain registeredmanaged investment schemes issued byFidante Partners Limited (5,149,391 units)held by the Howes Family Trust. |
| Class | Ordinary shares |
- See chapter 19 for defined terms.
Appendix 3Y Page 1
01/01/2011
Appendix 3Y Change of Director’s Interest Notice
| Appendix 3YChange of Director’s Interest Notice | |
|---|---|
| Number acquired | •250,000 directly purchased on market•100,000 indirectly via off market transfer |
| Number disposed | 100,000 via off market transfer |
| Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation | •$3.83 average price per share purchased onmarket•$3.84 per share via off market transfer |
| No. of securities held after change | •711,478 ordinary shares•100,000 ordinary shares held via Howes CustodialPty Ltd as trustee for Howes Super Fund.•Investments in financial products issued by relatedbodies corporate of Challenger Limited:o$2,500,000 of Guaranteed Annuities issuedbyChallengerLifeCompanyLimited(including an annuity for his spouse); ando$5,072,466.19 of units in certain registeredmanaged investment schemes issued byFidante Partners Limited (5,149,391 units)held by the Howes Family Trust. |
| Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back | •20 August 2020 ordinary shares purchased onmarket•24 August 2020 transfer via off market transfer |
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.
| art. | |
|---|---|
| Detail of contract | As previously disclosed, Mr Howes holds 1,306,954Performance Rights comprising:•195,601 Deferred Performance Rights; and•1,111,353 Hurdled Performance Rights. |
| Nature of interest | N/A |
| Name of registered holder(if issued securities) | N/A |
| Date of change | N/A |
| No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract in relation to whichthe interest has changed | N/A |
| Interest acquired | N/A |
| Interest disposed | N/A |
- See chapter 19 for defined terms.
Appendix 3Y Page 2
01/01/2011
Appendix 3Y Change of Director’s Interest Notice
| Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation | N/A |
|---|---|
| Interest after change | N/A |
Part 3 –[+] Closed period
Were the interests in the securities or No contracts detailed above traded during a + closed period where prior written clearance was required? If so, was prior written clearance provided N/A to allow the trade to proceed during this period? If prior written clearance was provided, on N/A what date was this provided?
- See chapter 19 for defined terms.
Appendix 3Y Page 3
01/01/2011