BILLABONG INTERNATIONAL LIMITED Partner David Clee
Contaci Davld Clee 1 Alex Kauye
T +61 2 9263 44761 +61 3 8656 3386 dclee@gtlaw.com.au l akauye@gtlaw.com.au
LAWYERS
.20 Mareh 2015
To Company Announcements PlatformAustralian Securities Exchange
Sydney
2 Park Street Sydney NSW 2000 Australia
GPO Box 3810 Sydney NSW 2001
T +61 2 9263 4000 F +61 2 9263 4111 www.gtlaw.com.au
Oaktree- Notice of change of interests of substantial holderDear Sir/Madam
We aclfor Oaktree Capitai Management L.P. (Oaktree).
On behalf of Oaktree, we enclose a Form 604 (Notice of change of interests of substantial ho/der) in respect of Billabong lnternational Limited ACN 084 923 946 (ASX:BBG) pursuant to section 671B of the Corporations Act 2001 (Cth).
Yours faithfully
David CleePartner
T +61 2 9263 4368 dclee@gtlaw.com.au
Alex KauyeLawyer
T +61 3 8656 3386 akauye@gtlaw.com.au
SYDNEY 4 MELBOURNE 4 PERTH
Form 604Corporations Act 2001
Section 671B
Notice of change of interests of substantial holder
To Company Name/Scheme Billabong International Limited (BBG)
ACN/ARSN 084 923 946
1. Details of substantial holder (1)
Name
OCM Clean Wave Holdings B.V. (OCM Clean Wave), OCM Netherlands Global Opportunities Cooperatief U.A.(OCM Netherlands), Oaktree Principal Fund V L.P, (Oaktree Principal Fund V), Oaktree Principal Fund V (Parallel), L.P. (Oaktree Principal Fund V (Parallel)) and the entities listed in Annexure A (Associates) (together, the Substantial Holders).
ACN/ARSN (if applicable) N/A
There was a change in the interests of the
substantial holder on 12/03/2015 - 18/03/2015
The previous notice was given to the company on 12/03/2015
The previous notice was dated 12/03/2015
2. Previous and present 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 when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:
Class of securities (4) | Previous notice | Present notice | ||
Class of securities (4) | Person's votes | Voting power (5) | Person's votes | Voting power (5) |
Ordinary shares | 370,602,062 | 37.42% | 381,053,001 | 38.48% |
Note: this Form 604 assumes that CCP II Dutch Acquisition - E, B.V. (CCP II) would be deemed to be an associate of each Substantial Holder in relation to BBG. If CCP II is not an associate of the Substantial Holders then the voting power of the Substantial Holders is 19.24% on the basis of the 190,526,499 ordinary shares in which the Substantial Holders have a relevant interest as disclosed below. |
3. Changes in relevant interests
Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:
16/03/2015 | CCP II | On-market purchase | A$0.6100 per ordinary share | 4,519,000 ordinary shares | 4,519,000 |
16/03/2015 | CCP II | On-market purchase | A$0.5794 per ordinary share | 81,596 ordinary shares | 81,596 |
17/03/2015 | CCP II | On-market purchase | A$0.5900 per ordinary share | 244,702 ordinary shares | 244,702 |
18/03/2015 | CCP II | On-market purchase | A$0.6000 per ordinary share | 255,173 ordinary shares | 255,173 |
4. Present relevant interests
Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:
Holder of relevant interest | Registered holder of securities | Person entitled to be registered as holder (8) | Nature of relevant interest (6) | Class and number of securities | Person's votes |
OCM Clean Wave | OCM Clean Wave | OCM Clean Wave | Relevant interest under section 608(1)(a) of the Corporations Act 2001 (Cth) (Corporations Act). | 190,526,499 ordinary shares | 190,526,499 ordinary shares |
OCM Netherlands | OCM Clean Wave | OCM Clean Wave | Relevant interest under section 608(3)(b) of the Corporations Act as a result of OCM Netherlands controlling OCM Clean Wave. | 190,526,499 ordinary shares | 190,526,499 ordinary shares |
Oaktree Principal Fund V | OCM Clean Wave | OCM Clean Wave | Relevant interest under section 608(3)(b) of the Corporations Act as a result of Oaktree Principal Fund V controlling OCM Netherlands. | 190,526,499 ordinary shares | 190,526,499 ordinary shares |
Oaktree Principal Fund V (Parallel) | OCM Clean Wave | OCM Clean Wave | Relevant interest under section 608(3)(b) of the Corporations Act as a result of Oaktree Principal Fund V (Parallel) having voting power in OCM Netherlands above 20%. | 190,526,499 ordinary shares | 190,526,499 ordinary shares |
CCP II | CCP II | CCP II | Relevant interest under section 608(1)(a) of the Corporations Act. | 190,526,502 ordinary shares | 190,526,502 ordinary shares |
5. Changes in association
The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:
Name and ACN/ARSN (if applicable) | Nature of association |
N/A | N/A |
6. Addresses
The addresses of persons named in this form are as follows:
Name | Address |
OCM Clean Wave | Barbara Strozzilaan 201, 1083 HN Amsterdam, the Netherlands |
OCM Netherlands | Barbara Strozzilaan 201, 1083 HN Amsterdam, the Netherlands |
Oaktree Principal Fund V | c/o Oaktree Capital Management, L.P. 333 S. Grand Avenue, 28th Floor, Los Angeles, CA 90071, USA |
Oaktree Principal Fund V (Parallel) | c/o Oaktree Capital Management, L.P. 333 S. Grand Avenue, 28th Floor, Los Angeles, CA 90071, USA |
CCP II | Da Boolelaan 7, 1083 HJ Amsterdam, the Netherlands |
Associates | See Annexure A |
print name Thomas Casarella capacity Senior Vice President
sign here date 20 March 2015
Annexure A
This is the annexure of 2 pages marked "A" and mentioned in the ASIC Form 604 "Notice of change of interests of substantial holder" signed by me and dated 20 March 2015.
Signature
Thomas Casarella
Name
Senior Vice President
Capacity
Name of Associate | Address |
Oaktree Principal Fund V (Delaware), L.P. | c/o Oaktree Capital Management, L.P. 333 S. Grand Avenue, 28th Floor Los Angeles, CA 90071 USA |
Oaktree Fund GP, LLC | c/o Oaktree Capital Management, L.P. 333 S. Grand Avenue, 28th Floor Los Angeles, CA 90071 USA |
Oaktree Principal Fund V GP, L.P. | c/o Oaktree Capital Management, L.P. 333 S. Grand Avenue, 28th Floor Los Angeles, CA 90071 USA |
Oaktree Principal Fund V, GP, Ltd. | c/o Oaktree Capital Management, L.P. 333 S. Grand Avenue, 28th Floor Los Angeles, CA 90071 USA |
Oaktree Capital Management, L.P. | c/o Oaktree Capital Management, L.P. 333 S. Grand Avenue, 28th Floor Los Angeles, CA 90071 USA |
Oaktree Fund GP I, L.P. | c/o Oaktree Capital Management, L.P. 333 S. Grand Avenue, 28th Floor Los Angeles, CA 90071 USA |
Oaktree Capital I, L.P. | c/o Oaktree Capital Management, L.P. 333 S. Grand Avenue, 28th Floor Los Angeles, CA 90071 USA |
Oaktree Holdings I, LLC | c/o Oaktree Capital Management, L.P. 333 S. Grand Avenue, 28th Floor Los Angeles, CA 90071 USA |
Oaktree Holdings, LLC | c/o Oaktree Capital Management, L.P. 333 S. Grand Avenue, 28th Floor |
Los Angeles, CA 90071 USA | |
Oaktree Holdings, Inc. | c/o Oaktree Capital Management, L.P. 333 S. Grand Avenue, 28th Floor Los Angeles, CA 90071 USA |
Oaktree Capital Group, LLC | c/o Oaktree Capital Management, L.P. 333 S. Grand Avenue, 28th Floor Los Angeles, CA 90071 USA |
Oaktree Capital Group Holdings GP, LLC | c/o Oaktree Capital Management, L.P. 333 S. Grand Avenue, 28th Floor Los Angeles, CA 90071 USA |
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