New Substantial Holder for Insurance Australia Group
2008-12-01 15:56:00+10:00
Insurance Australia Group [ASX:IAG] has announced that a new organisation is becoming a Substantial Holder in the company for the first time. The organization has acquired 93,828,164 ordinary shares giving it voting power of 5.06%. Insurance Australia Group has issued similar announcements five times before, most recently about 0 minutes ago on Friday 21 November 2008. The announcement 'Form 603 - Becoming a Substantial Holder' was issued to the ASX on Monday 01 December 2008. [Notice Type: Substantial Holding Notice - Initial]
2008-12-01 15:56:00+10:00
Insurance Australia Group [ASX:IAG] has announced that a new organisation is becoming a Substantial Holder in the company for the first time. The organization has acquired 93,828,164 ordinary shares giving it voting power of 5.06%. Insurance Australia Group has issued similar announcements five times before, most recently about 0 minutes ago on Friday 21 November 2008. The announcement 'Form 603 - Becoming a Substantial Holder' was issued to the ASX on Monday 01 December 2008. [Notice Type: Substantial Holding Notice - Initial]
Form 603 - Becoming a substantial holder
Monday 01 Dec 2008
Form 603
Corporations Act 2001 Section 671B
Notice of initial substantial holder
To ACN/ARSN Insurance Australia Group Limited (IAG) 090 739 923
1. Details of substantial holder Name ABN Barclays Group lodged by Barclays Global Investors Australia Limited 33 001 804 566 (Barclays Global Investors Australia Limited)
The holder became a substantial holder on 21 November 2008. 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 an associate had a relevant interest on the date the substantial holder became a substantial holder are as follows: Class of securities Ordinary 3. Details of relevant interests The nature of the relevant interest the substantial holder had in the following voting securities on the date the substantial holder became a substantial holder are as follows: Holder of relevant interest Barclays Group Nature of relevant interest Fund Manager – see Annexure A Class and number securities Ordinary 93,828,164 of Number of securities 93,828,164 Person’s votes 93,828,164 Voting power 5.06%
4. Details of present registered holders The persons registered as holder of the securities referred to in paragraph 3 above are as follows: Holder of relevant interest Barclays Group 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 Barclays Group 6. Addresses The addresses of persons named in this form are as follows: Name Barclays Global Investors Australia Limited Signature Address Level 43, 225 George Street, Sydney NSW 2000 Date of acquisition Past 4 months Consideration Cash/Non-cash Avg price $3.50 Class and number of securities Ordinary 93,828,164 Registered holder of securities JP Morgan & other custodians – see Annexure A Class and number of securities Ordinary 93,828,164
_____________________________________ Secretary Barclays Global Investors Australia
1 December 2008 Date
Barclays Global Investors Australia
Form 603 page 1 of 2
This is “Annexure A” of 1 page referred to in Form 603 Notice of initial substantial holder
Relevant interest in Insurance Australia Group Limited (“IAG”) held by members of the Barclays Group. The list of Barclays entities and their respective holdings are as follows: ASX CODE IAG IAG IAG IAG IAG IAG IAG IAG IAG IAG IAG % STOCK NAME Insurance Australia Group Limited Insurance Australia Group Limited Insurance Australia Group Limited Insurance Australia Group Limited Insurance Australia Group Limited Insurance Australia Group Limited Insurance Australia Group Limited Insurance Australia Group Limited Insurance Australia Group Limited Insurance Australia Group Limited Insurance Australia Group Limited COMPANY HOLDING
Barclays Global Investors Japan Ltd Barclays Global Investors Ltd Barclays Global Investors Ltd Barclays Life Assurance Co Ltd Barclays Global Investors (Deutschland) AG Gerrard Investment Management Ltd Barclays Global Investors, N.A. Barclays Global Fund Advisors Barclays Capital Securities Ltd Barclays Global Investors Canada Ltd Barclays Global Investors Australia Ltd
3,264,275 5,999,726 6,854,174 654,735 887,618 6,500 18,791,189 15,566,457 3,040,864 261,212 38,501,414 93,828,164
0.17 0.32 0.36 0.03 0.05 1.00 0.82 0.16 0.01 2.14 5.06
The JP Morgan Chase Bank Inc. and various other custodians (Custodians) hold shares in IAG as custodian and for which the Barclays Group are either: • • the responsible entity or trustee of pooled investment products such as registered managed investment schemes (Funds); or the investment manager of Portfolios held for a number of institutional investors. The institutional investors are generally superannuation funds regulated under the Superannuation Industry Supervision Act 1993.
The holding of shares in IAG was acquired as part of the wide portfolio of Australian shares and units acquired for the Funds and the Portfolios. The members of the Barclays Group and the Custodians may hold relevant interests due to the capacity of these entities to dispose of the shares in IAG. Each investor in a Fund owns an undivided interest in the Fund’s assets, no client directly owns any asset of the Fund. The unitholding of each Fund varies from time to time as clients enter and withdraw from the Funds. The various institutional investors with portfolios delegate the management of the portfolios to the members of the Barclays Group.
_____________________________________ Company Secretary Barclays Global Investors Australia
1 December 2008 Date
Barclays Global Investors Australia
Form 603 page 2 of 2
Monday 01 Dec 2008
Form 603
Corporations Act 2001 Section 671B
Notice of initial substantial holder
To ACN/ARSN Insurance Australia Group Limited (IAG) 090 739 923
1. Details of substantial holder Name ABN Barclays Group lodged by Barclays Global Investors Australia Limited 33 001 804 566 (Barclays Global Investors Australia Limited)
The holder became a substantial holder on 21 November 2008. 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 an associate had a relevant interest on the date the substantial holder became a substantial holder are as follows: Class of securities Ordinary 3. Details of relevant interests The nature of the relevant interest the substantial holder had in the following voting securities on the date the substantial holder became a substantial holder are as follows: Holder of relevant interest Barclays Group Nature of relevant interest Fund Manager – see Annexure A Class and number securities Ordinary 93,828,164 of Number of securities 93,828,164 Person’s votes 93,828,164 Voting power 5.06%
4. Details of present registered holders The persons registered as holder of the securities referred to in paragraph 3 above are as follows: Holder of relevant interest Barclays Group 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 Barclays Group 6. Addresses The addresses of persons named in this form are as follows: Name Barclays Global Investors Australia Limited Signature Address Level 43, 225 George Street, Sydney NSW 2000 Date of acquisition Past 4 months Consideration Cash/Non-cash Avg price $3.50 Class and number of securities Ordinary 93,828,164 Registered holder of securities JP Morgan & other custodians – see Annexure A Class and number of securities Ordinary 93,828,164
_____________________________________ Secretary Barclays Global Investors Australia
1 December 2008 Date
Barclays Global Investors Australia
Form 603 page 1 of 2
This is “Annexure A” of 1 page referred to in Form 603 Notice of initial substantial holder
Relevant interest in Insurance Australia Group Limited (“IAG”) held by members of the Barclays Group. The list of Barclays entities and their respective holdings are as follows: ASX CODE IAG IAG IAG IAG IAG IAG IAG IAG IAG IAG IAG % STOCK NAME Insurance Australia Group Limited Insurance Australia Group Limited Insurance Australia Group Limited Insurance Australia Group Limited Insurance Australia Group Limited Insurance Australia Group Limited Insurance Australia Group Limited Insurance Australia Group Limited Insurance Australia Group Limited Insurance Australia Group Limited Insurance Australia Group Limited COMPANY HOLDING
Barclays Global Investors Japan Ltd Barclays Global Investors Ltd Barclays Global Investors Ltd Barclays Life Assurance Co Ltd Barclays Global Investors (Deutschland) AG Gerrard Investment Management Ltd Barclays Global Investors, N.A. Barclays Global Fund Advisors Barclays Capital Securities Ltd Barclays Global Investors Canada Ltd Barclays Global Investors Australia Ltd
3,264,275 5,999,726 6,854,174 654,735 887,618 6,500 18,791,189 15,566,457 3,040,864 261,212 38,501,414 93,828,164
0.17 0.32 0.36 0.03 0.05 1.00 0.82 0.16 0.01 2.14 5.06
The JP Morgan Chase Bank Inc. and various other custodians (Custodians) hold shares in IAG as custodian and for which the Barclays Group are either: • • the responsible entity or trustee of pooled investment products such as registered managed investment schemes (Funds); or the investment manager of Portfolios held for a number of institutional investors. The institutional investors are generally superannuation funds regulated under the Superannuation Industry Supervision Act 1993.
The holding of shares in IAG was acquired as part of the wide portfolio of Australian shares and units acquired for the Funds and the Portfolios. The members of the Barclays Group and the Custodians may hold relevant interests due to the capacity of these entities to dispose of the shares in IAG. Each investor in a Fund owns an undivided interest in the Fund’s assets, no client directly owns any asset of the Fund. The unitholding of each Fund varies from time to time as clients enter and withdraw from the Funds. The various institutional investors with portfolios delegate the management of the portfolios to the members of the Barclays Group.
_____________________________________ Company Secretary Barclays Global Investors Australia
1 December 2008 Date
Barclays Global Investors Australia
Form 603 page 2 of 2
