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Notice Of Cessation Of Substantial Shareholding

BackMar 21, 2011
Part I
1. Date of notice to issuer 18/03/2011
2. Name of Substantial Shareholder Mackenzie Cundill Investment Management Limited ("MCIML")
3. Notice Type Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest.
Part II - Not Required
Part III
1. Date of change of Deemed Interest 01/09/2010
2. The change in the percentage level From 10.20 % To 0 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

MCIML was an investment manager and had deemed interest in shares of the Company. As a result of a merger of MCIML into Mackenzie Financial Corporation ("MFC"), MFC has assumed all the rights and interest of MCIML, and MCIML has ceased to exist. Consequently, MCIML ceased to have any deemed interest in the shares of the Company. (a)
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: Change in the percentage level is the result of a single transaction.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 20,178,700
As a percentage of issued share capital 0 % 10.20 %
No. of shares held after the change 0 0
As a percentage of issued share capital 0 % 0 %
Footnotes (a) MFC was a substantial shareholder of the Company prior to the date of this notice by virtue of its deemed interest in the shares managed by itself and/or its subsidiaries in the Mackenzie group (including MCIML) as investment managers.

As a result of an internal reorganization on 1 September 2010, MCIML merged into MFC and MFC has assumed all the rights and interests of MCIML. All investment funds and other client accounts that were managed by MCIML are now managed by MFC after the reorganization, resulting in a change in the nature of the deemed interests of MFC in the shares of the Company.

Percentages calculated based on total number of issued ordinary shares being 197,753,000 as at 1 September 2010.

As at 14 March 2011, MFC has deemed interests in 15,153,200 shares of the Company, amounting to 7.65% of the total number of issued ordinary shares of the Company being 197,952,000 shares as at 14 March 2011. The respective holdings of the funds managed by MFC and its subsidiares as at 14 March 2011 is provided in the attachment.

Attachments

  1. Attachment 1 (Size: 22,511 bytes)