Form 603
Corporations Law
Section 671B
Notice of initial substantial holder
To: Company Name/Scheme SIMS METAL MANAGEMENT LIMITED
ACN/ARSN 114 838 630
Details of substantial holder (1)
Name: UBS Group AG and i ts related bodies corporate
ACN/ARSN (if applicable)
The holder became a substantial holder on: 25 May 2016
Details of voting power
The total number of votes attached to all the voling 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 (4)
Number of securities
Persons' votes (5)
Voting power (6)
Ordinary
11,453, 118
11,453,118
5.78%
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 | |
UBS AG | Fund Manager with power to exercise control over voting shares | 58,818 | Ordinary |
UBS Asset Management (Americas) Inc | Fund Manager with power to exercise control over voting shares | 4.580.000 | Ordinary |
UBS Asset Management (Deutschland) GmbH | Fund Manager with power to exercise control over voling shares | 5.119 Ordinary | |
UBS Asset Management Life Limited | Fund Manager with power to exercise control over voling shares | 28,902 | Ordinary |
UBS Asset Management (Singapore) Ltd | Fund Manager with power to exercise control over voting shares | 4,475 | Ordinary |
UBS Asset Management Trust Company | Fund Manager with power to exercise control over voting shares | 5,231 | Ordinary |
UBS Asset Management (UK) Limited | Fund Manager with power to exercise control over voling shares | 11.063 | Ordinary |
UBS Fund Management (Luxembourg) SA | Fund Manager with power to exercise control over voting shares | 208,107 | Ordinary |
UBS Fund Management (Switzerland) AG | Fund Manager with power to exercise control over voting shares | 27, 164 | Ordinary |
UBS AG London Branch | Power to control disposal over shares pursuant to stock borrowing and lending activities (see Appendix A) | 50,497 | Ordinary |
UBS Securities Australia Ltd | Power to control disposal over shares pursuant to stock borrowing and lending activities (see Appendix A) | 4,017,963 Ordinary | |||
Beneficial Owner | 1,317,296 Ordinary | ||||
Beneficial Owner | 702,800 | Options | |||
UBS Switzerland AG | Broker with power to exercise discretion over account | 5,098 | Ordinary | ||
UBS AG Australia Branch | Prime Broker that has exercised its borrowing right in respect of shares pursuant to a Prime Broking Agreement (see Appendix A) | 430,585 Ordinary |
-
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 interest
Registered holder of securities
Person entitled to be registered as holder (8)
Class and number securities
of
UBS AG
Various Custodians
UBS AG
58,818
Ordinary
UBS Asset Management (Americas) Inc
Various Custodians
UBS Asset Management (Americas) Inc
4,580,000
Ordinary
UBS Asset Management (Deutschland) GmbH
Various Custodians
UBS Asset Management (Deutschland) GmbH
5,119
Ordinary
UBS Asset Management Life
Various Custodians
UBS Asset Management Life
28,902
Ordinary
Limited
Limited
UBS Asset Management
Various Custodians
UBS Asset Management
4,475
Ordinary
(Singapore) Lid
(Singapore) Ltd
UBS Asset Management Trust
Various Custodians
UBS Asset Management
5,231
Ordinary
Company
Trust Company
UBS Asset Management (UK) Limited
Various Custodians
UBS Asset Management (UK) Limited
11,063
Ordinary
UBS Fund Management
Various Custodians
UBS Fund Management
208,107
Ordinary
(Luxembourg) SA
(Luxembourg) SA
UBS Fund Management
Various Custodians
UBS Fund Management
27, 164
Ordinary
(Switzeand) AG
(Switzerland) AG
UBS AG London Branch
Various Custodians
UBS AG London Branch
50,497
Ordinary
UBS Securities Australia Ltd
Warbont Nominees Ply Ltd
UBS Securities Australia Ltd
4,017,963
Ordinary
Brispot Nominees Ply Ltd
UBS Securities Australia Ltd
1,317,296
Ordinary
N/A
UBS Securities Australia Lid
702,800
Options
UBS Switzerland AG
Various Custodians
UBS Switzerland AG
5,098
Ordinary
UBS AG Australia Branch
UBS Nominees Ply Ltd
UBS AG Australia Branch
430,585
Ordinary
- 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 interest | Date of acquisition | Consideration (9) | Class and number of securities |
Cash lNon-cash | |||
Please see Appendix B. |
Associates
The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:
Name and ACN/ ARSN (if applicable)
Nature of association
UBS AG
Related body corporate
UBS Asset Management (Americas) Inc
Related body corporate
UBS Asset Management (Deutschland) GmbH
Related body corporate
UBS Asset Management Life Limited
Related body corporate
UBS Asset Management (Singapore) Ltd
Related body corporate
UBS Asset Management Trust Company
Related body corporate
UBS Asset Management (UK) Limited
Related body corporate
UBS Fund Management (Luxembourg) SA
Related body corporate
UBS Fund Management (Switzerland) AG
Related body corporate
UBS AG London Branch
Related body corporate
UBS Securities Australia Ltd
Related body corporate
Warbont Nominees Ply Ltd
Related body corporate
Brispot Nominees Ply Ltd
Related body corporate
UBS Switzerland AG
Related body corporate
UBS AG Australia Branch
Related body corporate
UBS Nominees Ply Ltd
Related body corporate
Addresses
The addresses of persons named in this form are as follows:
Name | Addresses |
Details of all UBS offices can be found through the following link: http://apps2.ubs.com/locationfinder/ |
SIGNATURE
Print Name:
Pe e Chan Ca acit :
Sign Here: Date: 27 May 2016
Print Name: Weixiao Qin Capacity: Authorised signatory Sign Here: Date: 27 May 2016
Contact details for this notice: Weixiao Qin
Compliance Operations
(T) +65 6495 8217
Type of agreement | Securities Lending Agreement | Securities Lending Agreement | Prime Brokerage Agreement |
Parties to agreement |
A-1.) |
|
A-1.) |
Transfer date | Please refer to Appendix A-1. | Please refer to Appendix A-1. | Please refer to Appendix A-1. |
Holder of voting rights | UBS AG/ UBS Limited | UBS AG/ UBS Securities Australia Limited | UBS AG |
Are there any restrictions on voting rights? | Please refer to the details below. | Please refer to the details below. | Please refer to the details below. |
If yes, detail | Since all right and title in the securities passes to the transferee (i.e. UBS AG/ UBS Limited), the transferee has the right to vote. However, in certain circumstances, the transferee may seek to arrange for instructions to be exercised in accordance with the instructions of the transferor (i.e. Client). | Since all right and title in the securities passes to the transferee (i.e. UBS AG/ UBS Securities Australia Limited), the transferee has the right to vote. However, in certain circumstances, the transferee may seek to arrange for instructions to be exercised in accordance with the instructions of the transferor (i.e. Client). | Since all right and title in the securities passes to the transferee (i.e. UBS AG), the transferee has the right to vote. However, in certain circumstances, the transferee may seek to arrange for instructions to be exercised in accordance with the instructions of the transferor (i.e. Client). |
Scheduled return date (if any) | None. | None, subject to the terms of the relevant loan. | None, subject to the terms of the relevant Joan. |
Does the borrower have the right to return early? | Yes. | Yes. | Yes. |
If yes, detail | The borrower (i.e. UBS AG/ UBS Limited) has the right to return at its discretion subject to the terms of the relevant loan. | The borrower (i.e. UBS AG/ UBS Securities Australia Limited) has the right to return at its discretion. | The borrower (i.e. UBS AG) has the right to return at its discretion. |
Does the lender have the right to recall early? | Yes. | Yes. | Yes. |
If yes, detail | The lender (i.e. Client) can recall at its request subject to compliance with margin requirements and the terms of the relevant loan. | The lender (i.e. Client) can recall at its request subject to compliance with margin requirements and the terms of the relevant loan. | The lender (i.e. Client) can recall at its request subject to compliance with margin requirements and the terms of the relevant loan. |
Will the securities be returned on settlement? | Yes. | Yes. | Yes. |
If yes, detail any exceptions | None. | None. | None. |
The information in this appendix is based on the relevant standard UBS agreement.
A copy of the agreement is available to the company, or responsible entity to whom the prescribed form must be given, or to ASIC, upon request.
Sims Metal Management Limited published this content on 30 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 May 2016 23:05:14 UTC.
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