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CHALLENGER LIMITED — Major Shareholding Notification 2004
May 17, 2004
64641_rns_2004-05-17_c6732518-992e-4c15-a5b1-550bd8f9c6ad.pdf
Major Shareholding Notification
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17 May 2004
The Manager Companies Announcement Platform Australian Stock Exchange Limited 20 Bridge Street SYDNEY NSW 2000
By electronic lodgement
Dear Sir
Re: Initial Substantial Holder Notice - Australian Pharmaceutical Industries Limited (API)
We enclose notice of Initial Substantial Holder in Australian Pharmaceutical Limited. This notice is given by Challenger Financial Services Limited and each of its subsidiaries named in Annexure 1 to this notice.
Yours faithfully
Anne B Gardiner Group Company Secretary
Form 603
Corporations Act 2001 Section 671B
Notice of initial substantial holder
| To Company Name/Scheme | Australian Pharmaceutical Industries Limited |
|---|---|
| ACN/ARSN | 000 004 320 |
| Details of substantial holder (1) | |
| Name | Challenger Financial Services Group Limited |
| ACN/ARSN (if applicable) | 106 842 371 |
The holder became a substantial holder on
2. Details of voting power
The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:
| Class. of securities : 14 |
Number of securities | votes (5) Persons' |
-(6) /oting bower |
|---|---|---|---|
| Ordinarv f Fully Paid |
223.527.000 | 11.240.028 | 5.03% |
3. Details of relevant interests
The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:
| Holder of relevant interest | Nature of relevant interest (7 | Class and number of securities |
|---|---|---|
| See Annexure 2 | - Annexure 2 See |
See Annexure 2 |
4. Details of present registered holders
The persons registered as holders of the securities referred to in paragraph 3 above are as follows:
| Holder of relevant | Registered holder of | Person entitled to be | Class and number of |
|---|---|---|---|
| interest | securities | registered as holder (8) | securities |
| See Annexure 2 | See Annexure 2 | See Annexure 2 | See Annexure 2 |
5. Consideration
The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:
| Holder of relevant | Date of acquisition | Consideration (9) | Class and number | |
|---|---|---|---|---|
| interest | Cash | Non-cash | of securities | |
| See Annexure 2 | See Annexure 2 | See | See Annexure 2 | |
| Annexure 2 |
6. Associates
The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:
| Name and ACN/ARSN | Nature |
|---|---|
| 'if applicable, | of association |
| See | See |
| ∗ Annexure 2 | - Annexure 2 |
| Notes | Notes |
7. Addresses
The addresses of persons named in this form are as follows:
| Name | Address |
|---|---|
| Challenger Financial Services Group Limited and | Level 41, Aurora Place, 88 Phillip Street, Sydney |
| each entity named in Annexure 1 | |
| Refer Annexure 2 Note B |
Signature
print name A. B. Gardiner
capacity Company Secretary
sign here
date 17/05/2004
Annexure 1
This is page 1 of 3 pages of Annexure 1 referred to in Form 603 signed by me and dated 17/05/04.
A.B.Gardiner
Company Secretary
| Company/Scheme | ABN/ARSN |
|---|---|
| Challenger Financial Services Group Limited | 85 106 842 371 |
| Challenger Financial Services Group | 091 545 185 |
| Challenger Group Holdings Limited | 50 002 993 302 |
| eFinancial Capital Limited | 58 089 796 798 |
| Allfine Holdings Pty Ltd | 84 100 231 918 |
| Beston Financial Management Pty Limited | 64 081 985 088 |
| Beston Pacific Vineyard Management Limited | 35 079 882 161 |
| BluePeak Institutional Private Equity Pooled Fund Limited | 16 092 735 512 |
| BluePeak Private Equity Pooled Fund Limited | 20 092 735 594 |
| Bluezen Pty Ltd | 94 100 220 175 |
| BluePeak VC Technology Pooled Fund Limited | 48 077 305 198 |
| Cescade Pty Limited | 76 096 097 399 |
| Challenger Beston Limited | 94 055 293 644 |
| Challenger Biotech Management Limited | 29 092 382 842 |
| Challenger Capital Fund Limited | 45 092 467 591 |
| Challenger Capital Markets Limited | 38 099 742 122 |
| Challenger Corporate Superannuation Pty Limited | 37 097 635 366 |
| Challenger E-Commerce Limited | 85 086 854 471 |
| Challenger Equities Limited | 45 009 568 503 |
| Challenger Equity Lending Limited | 26 079 047 804 |
| Challenger Freeholds Limited | 26 009 568 487 |
| Challenger Group Pty Limited | 85 003 374 196 |
| Challenger Group Services Pty. Ltd. | 91 085 657 307 |
| Challenger Hedging Limited | 38 087 464 131 |
| Challenger International Nominees Limited | 70 003 942 765 |
| Challenger IT Pty Ltd | 25 094 934 399 |
| Challenger Lending No.1 Pty. Limited | 70 085 447 865 |
| Challenger Life Limited | 60 006 381 193 |
| Challenger Life No.2 Limited | 44 072 486 938 |
| Challenger Managed Investments Limited | 94 002 835 592 |
| Challenger Margin Lending Limited | 47 091 338 822 |
| Challenger ML Nominees Pty Limited | 79 008 411 943 |
| Challenger Mortgage Management Limited | 65 000 033 143 |
| Challenger Portfolio Management Limited | 29 064 545 124 |
| Challenger Property Capital Limited | 36 078 326 128 |
| Challenger Property Finance Limited | 72 093 308 028 |
| Challenger Property Funds Management Limited | 34 078 627 013 |
| Challenger Property Asset Management Pty Ltd | 90 077 569 021 |
| Challenger Property Nominees Pty Limited | 39 091 336 793 |
| Challenger Property Services Pty. Ltd. | 33 080 916 052 |
| Challenger Securities Limited | 28 009 568 496 |
| Challenger Superannuation Pty Ltd | 52 006 475 501 |
|---|---|
| Challenger Superannuation Services Pty Limited | 95 078 028 798 |
| Challenger Treasury Limited | 47 093 307 996 |
| Challenger Wealthlink Management Limited | 92 082 448 075 |
Annexure 1
This is page 2 of 3 pages of Annexure 1 referred to in Form 603 signed by me and dated 17/05/04
A.B.Gardiner
Company Secretary
| CFSG Holdings No.1 Victoria Pty Limited | 107 728 030 |
|---|---|
| CFSG Holdings No.1 Victoria Pty Limited | 107 601 605 |
| CPH B2B Co. Pty Ltd | 093 267 135 |
| CPH B2B Investments Pty Ltd | 093 550 200 |
| CPHIC Financial Services Pty Ltd | 095 085 466 |
| CPHIC Investments Pty Ltd | 093 340 526 |
| FXF Finance Pty Ltd | 080 419 521 |
| FXF Holdings Pty Ltd | 080 419 512 |
| FXF Investments Pty Ltd | 080 149 549 |
| 5DI Pty Ltd | 81 099 309 887 |
| Galaxy Investment Wrap Pty Ltd | 102 597 946 |
| Garrisons Pty Limited | 50 009 556 370 |
| Garrisons (Hobart) Pty Ltd | 057 707 687 |
| Garrisons (Rosny) Pty Ltd | 085 645 860 |
| Howard Pacific Limited | 54 071 735 665] |
| HFH Staff Pty Limited | 33 080 225 985 |
| Integrated Equity Pty. Ltd. | 77 059 686 289 |
| Interstar Home Loan Corporation Pty Limited | 058 891 302 |
| Interstar Mortgage Management Pty Limited | 082 014 702 |
| Interstar Securities (Australia) Pty Limited | 087 271 109 |
| Interstar Securities Holdings Pty Limited | 087 284 240 |
| Interstar Securities (International) Pty Limited | 087 271 225 |
| Interstar Securitisation Management Pty Limited | 100 346 898 |
| Interstar Securities (NZ) Pty Ltd | 087 217 136 |
| Iroka Pty. Limited | 85 080 036 657 |
| Mawbury Pty Limited | 95 096 097 479 |
| School Family Program Management Pty Limited | 31 097 463 619 |
| Synergy Capital Management Limited | 19 062 264 108 |
| Talavera Herring Pty Limited | 34 086 068 984] |
| The Liberty Group Consortium Pty Ltd | 79 082 564 289 |
| TLGH Pty Limited | 85 092 927 467 |
| TLG Services Pty Limited | 20 092 500 608 |
| Venture Link Australia Limited | 26 003 162 025 |
| Zed Capital Markets Structured Finance Pty Limited | 095 300 502 |
| Overseas Companies | |
| Challenger International (New Zealand) Limited | |
| Challenger Securities (New Zealand) Limited | |
| Challenger Beston Limited | |
| Sabrand Limited | |
| Challenger Hungary International Capital and Management Limited Liability Company |
Annexure 1
This is page 3 of 3 pages of Annexure 1 referred to in Form 603 signed by me and dated 17/.05/04.
A.B. Gardiner
Company Secretary
| Challenger REIT Number 1 Limited | |
|---|---|
| Challenger Milk Street LLC | |
| Challenger South Monaco LLC (US) | |
| Challenger Las Cimas LLC | |
| Challenger Life (UK) Limited | |
| Challenger Group (UK) Limited | |
| Interstar Home Loan Corporation NZ Limited | |
| Interstar Securities NZ Limited | |
| SEIZA Asset Management (Bermuda) Limited | |
| ZCM Australia Asset Holdings Limited |
ANNEXURE 2
This is page 1 of 8 pages of Annexure 2 referred to in Form 603 signed by me and dated 17/05/04
A.B. Gardiner
Company Secretary
| Holder of Relevant Interest | Registered Holder | Note | Class and number of securities (Fully Paid Ordinary) |
|---|---|---|---|
| Challenger Managed Investments Limited | State Street on behalf of Challenger Managed | В | 10.873.398 |
| as Responsible Entity for | Investments Limited as Responsible Entity | ||
| Challenger Smaller Companies Fund | for Challenger Smaller Companies Fund | ||
| Challenger Managed Investments Limited | State Street on behalf of Challenger Managed | В | 39,000 |
| as Responsible Entity for | Investments Limited as Responsible Entity | ||
| Challenger Boutique ASP - IML | for Challenger Boutique ASP - IML | ||
| Challenger Portfolio Management Limited | National Nominees on behalf of | ||
| Warakirri Smaller Companies Fund | В | 327,630 | |
| TOTAL as at: 7/5/2004 | For Australian Pharmaceutical Industry (API) | 11,240,028 |
| Trade Date | Nature of change | Price (\$) | Value (\$) | Quantity |
|---|---|---|---|---|
| Challenger Smaller Companies Fund | ||||
| 6/11/2003 | Purchase | 2.7607 \$ | 4,434,839 | 1,606,422 |
| 11/11/2003 | Purchase | 27310 \$ | 132,119 | 48,378 |
| 12/11/2003 | Purchase | 27320 \$ | 1,425,055 | 521 622 |
| 13/11/2003 | Purchase | 27018 \$ | 540,367 | 200,000 |
| 14/11/2003 | Purchase | 26416 \$ | 264,157 | 100,000 |
| 18/11/2003 | Purchase | 2.6315 \$ | 439,897 | 167,164 |
| 20/11/2003 | Purchase | 2.6315 \$ | 23,823 | 9,053 |
| 24/11/2003 | Purchase | 2.6918 \$ | 46,972 | 17,450 |
| 25/11/2003 | Purchase | 2.7119 \$ | 27,119 | 10,000 |
| 26/11/2003 | Purchase | 27038 \$ | 33,798 | 12,500 |
| 28/11/2003 | Purchase | 27062\$ | 87,084 | 32,180 |
| 1/12/2003 | Purchase | 2.7361 \$ | 258,536 | 94,491 |
| 2/12/2003 | Purchase | 2.7621 \$ | 82,863 | 30,000 |
| 7/01/2004 | Purchase | $2.8421$ \$ | 383,256 | 134,852 |
| 12/01/2004 | Purchase | 2.8123 \$ | 8,718 | 3,100 |
| 15/01/2004 | Purchase | 28046 \$ | 271,764 | 96,900 |
| 4/02/2004 | Purchase | 27621 \$ | 552,420 | 200,000 |
| Trade Date | Nature of change | Price (\$) | Value (\$) | Quantity |
|---|---|---|---|---|
| 9/02/2004 | Purchase | 27621 \$ | 299,776 | 108,532 |
| 10/02/2004 | Purchase | $2.7621$ \$ | 1,180,776 | 427.492 |
| 23/02/2004 | Purchase | 26114 \$ | 45,084 | 17,264 |
| 24/02/2004 | Purchase | 26114 \$ | 170,916 | 65,449 |
| 26/02/2004 | Purchase | 2.6114 \$ | 45,144 | 17,287 |
| 3/03/2004 | Purchase | 2.6114 \$ | 45,734 | 17,513 |
| 4/03/2004 | Purchase | 26114 \$ | 6,471 | 2,478 |
| 9/03/2004 | Purchase | $2.6202$ \$ | 471,656 | 180.009 |
| 10/03/2004 | Purchase | $2.6573$ \$ | 265,734 | 100,000 |
| 30/03/2004 | Purchase | 24106 \$ | 36,026 | 14,945 |
| 19/04/2004 | Purchase | 2.4079 \$ | 9,745,743 | 4,047,370 |
| 22/04/2004 | Purchase | 2.5083 \$ | 3,135,313 | 1,250,000 |
| 29/04/2004 | Purchase | 25383 \$ | 1,868,090 | 735,947 |
| 5/05/2004 | Purchase | 2.5073 \$ | 1,516,945 | 605,000 |
Sub-Total
10,873,398
| Trade Date | Nature of change | Price (\$) | Value (\$) | Quantity |
|---|---|---|---|---|
| Challenger Boutique ASP - IML | ||||
| 19/04/2004 | Purchase | 2.4053 | \$ | 93,806 39,000 |
| S | ||||
| S | 1666666666 | |||
| Sub-Total | 39,000 | |||
| Warrikirri Small Company Mandate | ||||
| 7/11/2003 | Purchase | 2.7577 | \$ | 482,592 175,000 |
| 19/04/2004 | Purchase | 2.4079 | \$ | 367,521 152,630 |
| \$ | ||||
| Sub-Total | 327,630 |
| Holder of Relevant Interest | Registered Holder | Note | Holding (Shares) |
|---|---|---|---|
| State Street on behalf of | |||
| Challenger Smaller Companies Fund | 10,873,398 | ||
| State Street on behalf of | |||
| Challenger Boutique ASP - IML | 39,000 | ||
| National nominees on behalf of | |||
| Warakirri Smaller Companies Fund | 327,630 | ||
| Closing Balance as at: 07/05/04 | For Australian Pharmaceutical Industry (API) | 11,240,028 | |
| Number of units on issue | 223,527,000 | ||
| Number of issued units held (%) | 5.03% |
"Challenger Managed Investments Limited" means Challenger Managed Investments Limited (ACN_002 835 592) a wholly owned subsidiary of Howard Mortgage
Management Limited (ACN 003 033 143) which is a wholly owned subsidiary o
"Challenger Portfolio Management Limited" means Challenger Portfolio Management Limited (ACN 064 545 124) ) which is a wholly owned subsidiary of Challenger Life
Limited (ACN 006 381 193) which is a wholly owned subsidiary Services Group Limited.
"National Nominees" means National Nominees Limited (ACN 004 279 399) a subsidiary of National Australia Bank Limited (ACN 004 044 937) of 5th Floor South, 271 Collins Street, Melbourne VIC 3000.
"Warakirri Small Companies Fund" means Warakirri Small Companies Fund of Level 3, 53 Queens Street, Melbourne VIC 3000.
"State Street" means State Street Australia Limited (ACN 002 965 200) of State Street Centre, 338 Pitt Street, Sydney NSW 2000.
Explanation of Relationship and Nature of Relevant Interests B.
| Registered Holder | On behalf of | Nature of relevant interest |
|---|---|---|
| State Street Limited | Challenger Managed Investments Limited as Responsible Entity for Challenger Smaller Companies Fund |
Pursuant to the Constitution of Challenger Smaller Companies Fund the responsible entity, Challenger Managed Investments Limited, has the power to control voting and/or disposal of securities. |
| lState Street Limited | Challenger Managed Investments Limited as Responsible Entity for Challenger Boutique ASP - IML |
Pursuant to the Constitution of Challenger Boutique ASP - IML the responsible entity, Challenger Managed Investments Limited, has the power to control voting and/or disposal of securities. |
| National Nominees Limited | Warakirri Small Companies Fund | Challenger Portfolio Management Limited is an Investment Manager appointed by Warrakirri Asset Management Pty Ltd. Under the Investment Management Agreement, Challenger Portfolio Management Limited has acquisition and disposal powers in respect of those lsecurities. |
| Associates | INature of Association |
|---|---|
| Companies listed in Annexure | t of the Companies listed in Annexure 1. ll-ach. |