SPH Notice – Commonwealth Bank of Australia

Disclosure of ceasing to have substantial holding

Section 279, Financial Markets Conduct Act 2013





To NZX LIMITED
and
To
SKY NETWORK TELEVISION LIMITED

Date this disclosure made: 23-Mar-2018
Date last disclosure made: 20-Dec-2017
Date on which substantial holding ceased: 22-Mar-2018



Substantial product holder(s) giving disclosure
Full name(s):
Commonwealth Bank of Australia

Summary of previous substantial holding
Class of quoted voting products: Ordinary shares

Summary for Commonwealth Bank of Australia

For last disclosure,—

(a) total number held in class:



19,850,249
(b) total in class:

389,139,785
(c) total percentage held in class: 5.101%

For current holding after ceasing to have substantial holding,—
(a) total number held in class: 19,196,361
(b) total in class:

389,139,785
(c) total percentage held in class: 4.933%
Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure:


See Appendix A





Additional information
Address(es) of substantial product holder(s):
*
ASB Bank Limited ACN 398445, Level 2, ASB North Wharf, 12 Jellicoe Street, Auckland, 1010 , New Zealand
*
Commonwealth Bank Officers Superannuation Corporation Pty Limited ACN 074 519 798, Level 11 Tower 1, 201 Sussex St
Sydney NSW 2001
*
Colonial First State Asset Management (Australia) Limited ACN 114 194 311, Ground Floor Tower 1, 201 Sussex Street,
Sydney, NSW, 2000, Australia
*
Colonial First State Investments Limited ACN 002 348 352, Ground Floor Tower 1, 201 Sussex Street, Sydney, NSW, 2000,
Australia
*
Realindex Investments Pty Limited ACN 133 312 017, Ground Floor Tower 1, 201 Sussex Street, Sydney, NSW, 2000, Australia
*
Commonwealth Bank of Australia, Ground Floor Tower 1, 201 Sussex Street, Sydney, NSW, 2000, Australia
Contact details:
Anitha Subramanian, +61 (0) 457 529 297, AUSR_SM02041@cba.com.au

Nature of connection between substantial product holders:
Commonwealth Bank of Australia is a related body corporate of
ASB Bank Limited ACN 398445
Commonwealth Bank Officers Superannuation Corporation Pty Limited ACN 074 519 798
Colonial First State Asset Management (Australia) Limited ACN 114 194 311
Colonial First State Investments Limited ACN 002 348 352
Realindex Investments Pty Limited ACN 133 312 017





Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act
2013 in relation to the financial products to which this disclosure relates:
100080615/3821107.1 1

[not applicable]





Certification
I, Clare McManus, certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly
authorised to make this disclosure by all persons for whom it is made.
100080615/3821107.1 2

Appendix A

Details of the transactions or other events requiring disclosure:

Date of Transaction Registered Company Nature of Change Class
Number of
Securities
Cash Consideration Currency
Friday, 15 December 2017
Citicorp Nominees Pty Limited (Australia) Sale
Ordinary shares 21,503 52,213.58 AUD
Monday, 18 December 2017
Citicorp Nominees Pty Limited (Australia) Sale
Ordinary shares 68,366 166,341.31 AUD
Wednesday, 20 December 2017 Citibank N A Hong Kong Sale Ordinary shares 3,802 9,566.21 AUD


Wednesday, 20 December 2017


UBS Nominees Pty Ltd
Borrow Increase, UBS AG
(Agreement 1)


Ordinary shares


28,670


N/A


AUD


Thursday, 21 December 2017


UBS Nominees Pty Ltd
Borrow Increase, UBS AG
(Agreement 3)


Ordinary shares


12,771


N/A


AUD



Thursday, 21 December 2017



Citibank N A Hong Kong
Borrow Decrease, Citigroup
Global Markets Limited
(Agreement 1)



Ordinary shares



8,974



N/A



AUD

Thursday, 21 December 2017
Citicorp Nominees Pty Limited
(New Zealand)

Sale

Ordinary shares

20,246

56,680.70

NZD


Tuesday, 26 December 2017

Share Direct Nominees Pty Limited
Borrow Increase, Barclays
Capital Securities Ltd


Ordinary shares


35,628


N/A


NZD


Wednesday, 27 December 2017

Share Direct Nominees Pty Limited
Borrow Decrease, Barclays
Capital Securities Ltd


Ordinary shares


35,628


N/A


NZD
Wednesday, 27 December 2017 Citibank N A Hong Kong Sale Ordinary shares 60,304 168,242.13 NZD
Friday, 29 December 2017 Citibank N A Hong Kong Sale Ordinary shares 9,153 25,709.86 NZD


Tuesday, 2 January 2018

Share Direct Nominees Pty Limited
Borrow Increase, Barclays
Capital Securities Ltd


Ordinary shares


43,262


N/A


NZD


Wednesday, 3 January 2018

Share Direct Nominees Pty Limited
Borrow Decrease, Barclays
Capital Securities Ltd


Ordinary shares


43,262


N/A


NZD


Friday, 5 January 2018

Share Direct Nominees Pty Limited
Borrow Increase, Barclays
Capital Securities Ltd


Ordinary shares


43,262


N/A


NZD


Monday, 8 January 2018

Share Direct Nominees Pty Limited
Borrow Increase, Barclays
Capital Securities Ltd


Ordinary shares


12,662


N/A


NZD


Monday, 8 January 2018

Share Direct Nominees Pty Limited
Borrow Decrease, Barclays
Capital Securities Ltd


Ordinary shares


43,262


N/A


NZD


Tuesday, 9 January 2018

Share Direct Nominees Pty Limited
Borrow Decrease, Barclays
Capital Securities Ltd


Ordinary shares


12,662


N/A


NZD


Tuesday, 9 January 2018

Share Direct Nominees Pty Limited
Borrow Increase, Barclays
Capital Securities Ltd


Ordinary shares


87,456


N/A


NZD


Wednesday, 10 January 2018

Share Direct Nominees Pty Limited
Borrow Decrease, Barclays
Capital Securities Ltd


Ordinary shares


87,456


N/A


NZD
Wednesday, 10 January 2018 Citibank N A Hong Kong Purchase Ordinary shares 327 835.63 AUD
Thursday, 11 January 2018 Citibank N A Hong Kong Purchase Ordinary shares 17,905 45,618.36 AUD
Thursday, 11 January 2018 Citibank N A Hong Kong Purchase Ordinary shares 1,031 2,645.10 AUD


Tuesday, 16 January 2018


UBS Nominees Pty Ltd
Borrow Decrease, UBS AG
(Agreement 2)


Ordinary shares


13,077


N/A


AUD


Tuesday, 16 January 2018

Share Direct Nominees Pty Limited
Borrow Increase, Goldman
Sachs International


Ordinary shares


426,726


N/A


NZD


Wednesday, 17 January 2018

Share Direct Nominees Pty Limited
Borrow Decrease, Goldman
Sachs International


Ordinary shares


426,726


N/A


NZD
Tuesday, 30 January 2018 Citibank N A Hong Kong Purchase Ordinary shares 31,119 79,474.81 AUD
Tuesday, 30 January 2018 Citibank N A Hong Kong Purchase Ordinary shares 17,438 49,000.78 NZD
Wednesday, 31 January 2018 Citibank N A Hong Kong Purchase Ordinary shares 161,282 461,976.16 NZD


Thursday, 1 February 2018


UBS Nominees Pty Ltd
Borrow Increase, UBS AG
(Agreement 3)


Ordinary shares


14,518


N/A


AUD


Wednesday, 7 February 2018

Share Direct Nominees Pty Limited
Borrow Increase, Barclays
Capital Securities Ltd


Ordinary shares


29,200


N/A


NZD


Thursday, 8 February 2018

Share Direct Nominees Pty Limited
Borrow Decrease, Barclays
Capital Securities Ltd


Ordinary shares


29,200


N/A


NZD



Thursday, 8 February 2018



Citibank N A Hong Kong
Borrow Decrease, Citigroup
Global Markets Limited
(Agreement 1)



Ordinary shares



7,542



N/A



AUD
Friday, 9 February 2018 Citibank N A Hong Kong Sale Ordinary shares 174,516 460,198.69 AUD

Friday, 9 February 2018
Citicorp Nominees Pty Limited
(Australia)

Sale

Ordinary shares

10,807

28,244.09

AUD
Friday, 9 February 2018 Citibank N A Hong Kong Sale Ordinary shares 11,551 30,459.99 AUD



Monday, 12 February 2018



Citibank N A Hong Kong
Borrow Decrease, Citigroup
Global Markets Limited
(Agreement 1)



Ordinary shares



775



N/A



AUD
Tuesday, 13 February 2018 Citibank N A Hong Kong Purchase Ordinary shares 13,291 34,503.44 AUD


Tuesday, 13 February 2018


UBS Nominees Pty Ltd
Borrow Increase, UBS AG
(Agreement 3)


Ordinary shares


9,177


N/A


AUD

Tuesday, 13 February 2018
Citicorp Nominees Pty Limited
(Australia)

Sale

Ordinary shares

7,791

20,334.51

AUD


Tuesday, 13 February 2018

Share Direct Nominees Pty Limited
Borrow Increase, Barclays
Capital Securities Ltd


Ordinary shares


77,257


N/A


NZD

Wednesday, 14 February 2018
Citicorp Nominees Pty Limited
(Australia)

Sale

Ordinary shares

2,293

5,984.73

AUD

Wednesday, 14 February 2018
Citicorp Nominees Pty Limited
(Australia)

Sale

Ordinary shares

12,839

33,381.40

AUD

Wednesday, 14 February 2018
Citicorp Nominees Pty Limited
(Australia)

Sale

Ordinary shares

33,787

87,846.20

AUD
100080615/3821107.1 3

Wednesday, 14 February 2018


UBS Nominees Pty Ltd
Borrow Decrease, UBS AG
(Agreement 1)


Ordinary shares


16,440


N/A


AUD


Wednesday, 14 February 2018

Share Direct Nominees Pty Limited
Borrow Decrease, Barclays Capital
Securities Ltd


Ordinary shares


77,257


N/A


NZD

Thursday, 15 February 2018
Citicorp Nominees Pty Limited
(Australia)

Sale

Ordinary shares

224

583.23

AUD

Friday, 16 February 2018
Citicorp Nominees Pty Limited
(Australia)

Sale

Ordinary shares

15,900

41,340.00

AUD

Friday, 16 February 2018
Citicorp Nominees Pty Limited
(Australia)

Sale

Ordinary shares

4,505

11,713.00

AUD


Friday, 16 February 2018

Share Direct Nominees Pty Limited
Borrow Increase, Barclays Capital
Securities Ltd


Ordinary shares


131,538


N/A


NZD


Monday, 19 February 2018

Share Direct Nominees Pty Limited
Borrow Increase, Barclays Capital
Securities Ltd


Ordinary shares


100,977


N/A


NZD

Monday, 19 February 2018
Citicorp Nominees Pty Limited
(Australia)

Sale

Ordinary shares

894

2,324.40

AUD

Monday, 19 February 2018
Citicorp Nominees Pty Limited
(Australia)

Sale

Ordinary shares

4,825

12,545.00

AUD


Monday, 19 February 2018

Share Direct Nominees Pty Limited
Borrow Decrease, Barclays Capital
Securities Ltd


Ordinary shares


131,538


N/A


NZD



Tuesday, 20 February 2018



Citibank N A Hong Kong
Borrow Decrease, Citigroup Global
Markets Limited (Agreement 1)



Ordinary shares



1,532



N/A



AUD

Tuesday, 20 February 2018
Citicorp Nominees Pty Limited
(Australia)

Sale

Ordinary shares

3,958

10,290.80

AUD

Tuesday, 20 February 2018
Citicorp Nominees Pty Limited
(Australia)

Sale

Ordinary shares

6,757

17,568.20

AUD


Tuesday, 20 February 2018

Share Direct Nominees Pty Limited
Borrow Decrease, Barclays Capital
Securities Ltd


Ordinary shares


100,977


N/A


NZD

Wednesday, 21 February 2018
Citicorp Nominees Pty Limited
(Australia)

Sale

Ordinary shares

11,463

29,910.41

AUD

Wednesday, 21 February 2018
Citicorp Nominees Pty Limited
(Australia)

Sale

Ordinary shares

1,572

4,114.08

AUD


Wednesday, 21 February 2018

Share Direct Nominees Pty Limited
Borrow Increase, Barclays Capital
Securities Ltd


Ordinary shares


151,009


N/A


NZD


Thursday, 22 February 2018

Share Direct Nominees Pty Limited
Borrow Increase, Barclays Capital
Securities Ltd


Ordinary shares


238,809


N/A


NZD

Thursday, 22 February 2018
Citicorp Nominees Pty Limited
(Australia)

Sale

Ordinary shares

18,301

47,778.42

AUD


Thursday, 22 February 2018

Share Direct Nominees Pty Limited
Borrow Decrease, Barclays Capital
Securities Ltd


Ordinary shares


151,009


N/A


NZD

Friday, 23 February 2018
Citicorp Nominees Pty Limited
(Australia)

Sale

Ordinary shares

2,941

7,680.13

AUD


Friday, 23 February 2018

Share Direct Nominees Pty Limited
Borrow Decrease, Barclays Capital
Securities Ltd


Ordinary shares


238,809


N/A


NZD

Monday, 26 February 2018
Citicorp Nominees Pty Limited
(New Zealand)

Sale

Ordinary shares

10,735

30,058.00

NZD

Monday, 26 February 2018
Citicorp Nominees Pty Limited
(Australia)

Sale

Ordinary shares

72,079

187,650.47

AUD

Monday, 26 February 2018
Citicorp Nominees Pty Limited
(Australia)

Sale

Ordinary shares

17,824

46,342.40

AUD

Tuesday, 27 February 2018
Citicorp Nominees Pty Limited
(Australia)

Sale

Ordinary shares

14,627

38,044.83

AUD



Tuesday, 27 February 2018



Citibank N A Hong Kong
Borrow Decrease, Citigroup Global
Markets Limited (Agreement 1)



Ordinary shares



7,134



N/A



AUD
Wednesday, 28 February 2018 Citibank N A Hong Kong Purchase Ordinary shares 9,971 25,226.63 NZD


Friday, 2 March 2018

Share Direct Nominees Pty Limited
Borrow Increase, Barclays Capital
Securities Ltd


Ordinary shares


430,580


N/A


NZD
Friday, 2 March 2018 Citibank N A Hong Kong Purchase Ordinary shares 9,995 23,988.00 NZD


Monday, 5 March 2018

Share Direct Nominees Pty Limited
Borrow Decrease, Barclays Capital
Securities Ltd


Ordinary shares


430,580


N/A


NZD


Monday, 5 March 2018

Share Direct Nominees Pty Limited
Borrow Increase, Barclays Capital
Securities Ltd


Ordinary shares


430,580


N/A


NZD


Tuesday, 6 March 2018

Share Direct Nominees Pty Limited
Borrow Decrease, Barclays Capital
Securities Ltd


Ordinary shares


430,580


N/A


NZD


Tuesday, 6 March 2018

Share Direct Nominees Pty Limited
Borrow Increase, Barclays Capital
Securities Ltd


Ordinary shares


430,580


N/A


NZD
Wednesday, 7 March 2018 Citibank N A Hong Kong Purchase Ordinary shares 13,227 30,422.10 NZD


Wednesday, 7 March 2018

Share Direct Nominees Pty Limited
Borrow Decrease, Barclays Capital
Securities Ltd


Ordinary shares


430,580


N/A


NZD


Wednesday, 14 March 2018


UBS Nominees Pty Ltd
Borrow Increase, UBS AG
(Agreement 3)


Ordinary shares


30,456


N/A


AUD


Thursday, 15 March 2018


UBS Nominees Pty Ltd
Borrow Increase, UBS AG
(Agreement 1)


Ordinary shares


25,033


N/A


AUD

Thursday, 15 March 2018
Citicorp Nominees Pty Limited
(Australia)

Purchase

Ordinary shares

11,303

24,111.34

NZD

Thursday, 15 March 2018
Citicorp Nominees Pty Limited
(Australia)

Purchase

Ordinary shares

37,089

78,938.97

NZD

Friday, 16 March 2018
Citicorp Nominees Pty Limited
(New Zealand)

Sale

Ordinary shares

2,298

5,262.42

NZD
Friday, 16 March 2018 Citibank N A Hong Kong Purchase Ordinary shares 23,288 53,329.52 NZD


Friday, 16 March 2018


UBS Nominees Pty Ltd
Borrow Decrease, UBS AG
(Agreement 2)


Ordinary shares


60,642


N/A


AUD
100080615/3821107.1 4

Monday, 19 March 2018
Citicorp Nominees Pty Limited
(Australia)

Sale

Ordinary shares

48,392

111,575.61

NZD


Tuesday, 20 March 2018

Share Direct Nominees Pty Limited
Borrow Increase, Goldman Sachs
International


Ordinary shares


193,057


N/A


NZD


Wednesday, 21 March 2018

Share Direct Nominees Pty Limited
Borrow Decrease, Goldman Sachs
International


Ordinary shares


193,057


N/A


NZD
Wednesday, 21 March 2018 HSBC Bank Australia Limited Sale Ordinary shares 39,547 88,332.18 AUD
Thursday, 22 March 2018 HSBC Bank Australia Limited Sale Ordinary shares 19,106 42,415.32 AUD
Thursday, 22 March 2018 HSBC Bank Australia Limited Sale Ordinary shares 18,386 40,816.92 AUD
Thursday, 22 March 2018 Citibank N A Hong Kong Sale Ordinary shares 232,148 515,600.71 AUD

Thursday, 22 March 2018
National Bank Nominees Pty Limited
Sale

Ordinary shares

16,408

36,425.76

AUD
Thursday, 22 March 2018 Citibank N A Hong Kong Sale Ordinary shares 5,815 12,909.30 AUD
100080615/3821107.1 5

Appendix B




Type of agreement: Global Master Securities Lending Agreement
If yes, in which circumstances? At any time subject to giving notice.
Are there circumstances in which the borrower will not be required to return
the securities on settlement? [Yes/No]

No
If yes, in which circumstances? N/A

Parties to agreement:
(1) Commonwealth Bank of Australia and (2)
Barclays Capital Securities Ltd
Can the parties exercise voting rights attaching to the securities? No
If yes, in what circumstances? N/A
Date on which the securities were (or are) expected to be delivered to the
borrower or its nominee (ie borrow date):
The dates indicated in Annexure B on which
securities were borrowed.
Scheduled date (if any) when the securities are expected to be returned to
the borrower or its nominee (ie return date):

Any particular day.
Does the borrower have the right to return the securities early? [Yes/No] Yes
If yes, in which circumstances? At any time subject to giving notice.
Does the lender have the right to recall the securities early (ie before the
scheduled return date)? [Yes/No]

Yes




Type of agreement: Australian Master Securities Lending Agreement
If yes, in which circumstances? At any time subject to giving notice.
Are there circumstances in which the borrower will not be required to return
the securities on settlement? [Yes/No]

No
If yes, in which circumstances? N/A

Parties to agreement:
(1) Citigroup Global Markets Limited; and (2) Colonia
First State Investments Limited
Can the parties exercise voting rights attaching to the securities? No
If yes, in what circumstances? N/A
Date on which the securities were (or are) expected to be delivered to the
borrower or its nominee (ie borrow date):
The dates indicated in Annexure B on which
securities were borrowed.
Scheduled date (if any) when the securities are expected to be returned to
the borrower or its nominee (ie return date):

Any particular day.
Does the borrower have the right to return the securities early? [Yes/No] Yes
If yes, in which circumstances? At any time subject to giving notice.
Does the lender have the right to recall the securities early (ie before the
scheduled return date)? [Yes/No]

Yes




Type of agreement: Global Master Securities Lending Agreement
If yes, in which circumstances? At any time subject to giving notice.
Are there circumstances in which the borrower will not be required to return
the securities on settlement? [Yes/No]

No
If yes, in which circumstances? N/A

Parties to agreement:
(1) Commonwealth Bank of Australia and (2)
Goldman Sachs International
Can the parties exercise voting rights attaching to the securities? No
If yes, in what circumstances? N/A
Date on which the securities were (or are) expected to be delivered to the
borrower or its nominee (ie borrow date):
The dates indicated in Annexure B on which
securities were borrowed.
Scheduled date (if any) when the securities are expected to be returned to
the borrower or its nominee (ie return date):

Any particular day.
Does the borrower have the right to return the securities early? [Yes/No] Yes
If yes, in which circumstances? At any time subject to giving notice.
Does the lender have the right to recall the securities early (ie before the
scheduled return date)? [Yes/No]

Yes




Type of agreement: Australian Master Securities Lending Agreement
If yes, in which circumstances? At any time subject to giving notice.
Are there circumstances in which the borrower will not be required to return
the securities on settlement? [Yes/No]

No
If yes, in which circumstances? N/A

Parties to agreement:
(1) UBS AG; and (2) Colonial First State Investments
Limited
Can the parties exercise voting rights attaching to the securities? No
UBS AG (Agreement 1)
Goldman Sachs International
Citigroup Global Markets Limited (Agreement 1)
Barclays Capital Securities Ltd
100080615/3821107.1 6

If yes, in what circumstances? N/A
Date on which the securities were (or are) expected to be delivered to the
borrower or its nominee (ie borrow date):
The dates indicated in Annexure B on which
securities were borrowed.
Scheduled date (if any) when the securities are expected to be returned to
the borrower or its nominee (ie return date):

Any particular day.
Does the borrower have the right to return the securities early? [Yes/No] Yes
If yes, in which circumstances? At any time subject to giving notice.
Does the lender have the right to recall the securities early (ie before the
scheduled return date)? [Yes/No]

Yes




Type of agreement: Australian Master Securities Lending Agreement
If yes, in which circumstances? At any time subject to giving notice.
Are there circumstances in which the borrower will not be required to return
the securities on settlement? [Yes/No]

No
If yes, in which circumstances? N/A

Parties to agreement:
(1) UBS AG; and (2) Colonial First State Investments
Limited
Can the parties exercise voting rights attaching to the securities? No
If yes, in what circumstances? N/A
Date on which the securities were (or are) expected to be delivered to the
borrower or its nominee (ie borrow date):
The dates indicated in Annexure B on which
securities were borrowed.
Scheduled date (if any) when the securities are expected to be returned to
the borrower or its nominee (ie return date):

Any particular day.
Does the borrower have the right to return the securities early? [Yes/No] Yes
If yes, in which circumstances? At any time subject to giving notice.
Does the lender have the right to recall the securities early (ie before the
scheduled return date)? [Yes/No]

Yes




Type of agreement: Australian Master Securities Lending Agreement
If yes, in which circumstances? At any time subject to giving notice.
Are there circumstances in which the borrower will not be required to return
the securities on settlement? [Yes/No]

No
If yes, in which circumstances? N/A

Parties to agreement:
(1) UBS AG; and (2) Colonial First State Investments
Limited
Can the parties exercise voting rights attaching to the securities? No
If yes, in what circumstances? N/A
Date on which the securities were (or are) expected to be delivered to the
borrower or its nominee (ie borrow date):
The dates indicated in Annexure B on which
securities were borrowed.
Scheduled date (if any) when the securities are expected to be returned to
the borrower or its nominee (ie return date):

Any particular day.
Does the borrower have the right to return the securities early? [Yes/No] Yes
If yes, in which circumstances? At any time subject to giving notice.
Does the lender have the right to recall the securities early (ie before the
scheduled return date)? [Yes/No]

Yes













UBS AG (Agreement 3)
UBS AG (Agreement 2)
100080615/3821107.1 7