THORNEY OPPORTUNITIES LTD

ACN 080 167 264

CROSS RELEASE ASX:MRM

12 December 2017

BY ASX ONLINE - 4 pages

Manager Company Announcements ASX Limited

Level 10

20 Bond Street SYDNEY 2000

Dear Sir/Madam,

Notice of initial substantial holder MMA Offshore Limited [ASX:MRM]

Following is a Form 603 Notice of initial substantial holder dated 12 December 2017 in accordance with section 671B of the Corporations Act.

Yours sincerely,

CRAIG SMITH ACIS, CPA Secretary

Level 39, 55 Collins Street, Melbourne Vic 3000 Telephone + 61 3 9921 7116 Facsimile + 61 3 9921 7100

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

To:company name/scheme

MMA OFFSHORE LTD

ABN

21 083 185 693

1. Details of substantial holder

Name

THORNEY OPPORTUNITIES LTD

ACN (if applicable)

080 167 264

11-Dec-17

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 had a relevant interest in on the date the substantial holder became of substantial holder are as follows:

Class of Securities

Number of securities

Person's votes

Voting power

Fully paid ordinary shares

46,806,956

46,806,956

5.45%

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

Class and number of securities

Thorney Opportunities Ltd

Beneficial owner of voting shares

13,952,122 ordinary shares

TIGA Trading Pty Ltd

Beneficial owner of voting shares

23,152,800 ordinary shares

Deemed relevant interest in shares held by Thorney Opportunities Ltd by virtue of section 608(3)(b) of the Corporations Act 2001

13,952,122 ordinary shares

Thorney International Pty Ltd

Beneficial owner of voting shares

7,277,385 ordinary shares

Deemed relevant interest in shares held by Thorney Opportunities Ltd by virtue of section 608(3)(b) of the Corporations Act 2001

13,952,122 ordinary shares

Thorney Holdings Pty Ltd

Beneficial owner of voting shares

2,424,649 ordinary shares

Deemed relevant interest in shares held by Thorney Opportunities Ltd by virtue of section 608(3)(b) of the Corporations Act 2001

13,952,122 ordinary shares

Thorney Investment Group

Australia Pty Ltd, Jamahjo Pty Ltd

Deemed relevant interest in shares in which Tiga Trading Pty Ltd, Thorney International Pty Ltd and Thorney Holdings Pty Ltd have a relevant interest by virtue of section 608(3)(a) of the Corporations Act 2001

32,854,834 ordinary shares

Deemed relevant interest in shares held by Thorney Opportunities Ltd by virtue of section 608(3)(b) of the Corporations Act 2001

13,952,122 ordinary shares

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 interest

Registered holder of securities

Person entitled to be registered as holder

Class and number of securities

Thorney Opportunities Ltd

UBS Nominees Pty Ltd

Thorney Opportunities Ltd

13,952,122 ordinary shares

TIGA Trading Pty Ltd

UBS Nominees Pty Ltd

TIGA Trading Pty Ltd

23,152,800 ordinary shares

Thorney International Pty Ltd

HSBC Custody Nominees

(Australia) Ltd

Thorney International Pty

Ltd

7,277,385 ordinary shares

Thorney Holdings Proprietary

Limited

HSBC Custody Nominees

(Australia) Ltd

Thorney Holdings Proprietary Limited

2,424,649 ordinary shares

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 interest

Date of acquisition

Cash consideration

Class and number of securities

Thorney Opportunities Ltd

27-Nov-17

Placement, Institutional Entitlement Offer and Institutional Entitlement

Offer Shortfall @ 20 cents

4,552,122 ordinary shares

TIGA Trading Pty Ltd

20,000,000 ordinary shares

Thorney Opportunities Ltd

11-Dec-17

Sub-underwriting of Retail Entitlement Offer @ 20 cents

10,000,000 ordinary shares

TIGA Trading Pty Ltd

2,753,190 ordinary shares

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name

Nature of association

TIGA Trading Pty Ltd

Associate under section 12 of the Corporations Act for the purpose of this investment

Thorney International Pty Ltd

Associate under section 12 of the Corporations Act for the purpose of this investment

Thorney Holdings Proprietary Limited

Associate under section 12 of the Corporations Act for the purpose of this investment

Thorney Investment Group Australia Pty Ltd

Thorney Investment Group Australia Pty Ltd is the registered holder of all the issued shares in Tiga Trading Pty Ltd, Thorney Holdings Proprietary Limited and Thorney International Pty Ltd

Jamahjo Pty Ltd

Jamahjo Pty Ltd is the registered holder of all the issued shares in Thorney Investment Group Australia Pty Ltd

7. Addresses

The addresses of persons named in this form are as follows:

Name

Address

Thorney Opportunities Ltd

Level 39, 55 Collins Street, Melbourne 3000

TIGA Trading Pty Ltd ACN 118 961 210

Level 39, 55 Collins Street, Melbourne 3000

Thorney International Pty Ltd ACN 132 886 698

Level 39, 55 Collins Street, Melbourne 3000

Thorney Holdings Proprietary Limited ACN 006 262 835

Level 39, 55 Collins Street, Melbourne 3000

Thorney Investment Group Australia Pty Ltd ACN 117 488 892

Level 39, 55 Collins Street, Melbourne 3000

Jamahjo Pty Ltd ACN 117 488 696

C/- TWF Partners, Level 4, 25 Claremont Street, South Yarra, 3141

Signature

Print name

CRAIG SMITH ACIS, CPA

Capacity SECRETARY

Sign here

Date 12 December 2017

Thorney Opportunities Limited published this content on 12 December 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 12 December 2017 06:58:08 UTC.

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