Sims Metal Management : Change in substantial holding from CGF

3045f382-f09e-4871-9d35-07d59726aa81.pdf

Sydney‌

Level 15, 255 Pitt Street Sydney NSW 2000 Australia

GPO Box 3698

Sydney NSW 2001 www.challenger.com.au

8 January 2016

The Manager

Company Announcements Office ASX Limited

20 Bridge Street

SYDNEY NSW 2000

By electronic lodgement

Dear Sir/Madam

Telephone [phone]

Facsimile 02 9994 7777

Re: Notice of change of interests of substantial holder -Sims Metal Management Limited (SGM)

We enclose notice of change of interests of substantial holder in Sims Metal Management Limited (SGM). This notice is given by Challenger Limited and each of the entities named in Annexure 2 to this notice.

Yours faithfully

Andrew Brown

Company Secretary attach

Melbourne Level 19, 31 Queen Street PO Box 297, Flinders Lane, Melbourne VIC 3000 Telephone [phone] Facsimile 02 9994 7777

Brisbane Level 9, 241 Adelaide Street GPO Box 3234, Brisbane QLD 4001 Telephone [phone] Facsimile 07 3136 5407

Perth Level 5, 50 Georges Terrace, Perth WA 6000 Telephone [phone] Facsimile 08 9321 5277

Adelaide Level 7, Suite 714, 147 Pirie Street Adelaide SA 5000 Telephone [phone] Facsimile 08 8227 0395

Challenger Limited ABN 85 106 842 371 Challenger Group Services Pty Limited ABN 91 085 657 307

Challenger Life Company Limited ABN 44 072 486 938 AFSL 234670 Howard Commercial Lending Limited ABN 65 000 033 143

Challenger Management Services Limited ABN 29 092 382 842 AFSL 234 678

Challenger Retirement and Investment Services Limited ABN 80 115 534 453 AFSL295642 RSE Licence No. L0001304

Challenger Mortgage Management Pty Ltd ABN 72 087 271 109 Challenger Securitisation Management Pty Ltd ABN 56 100 346 898 AFSL 244593

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme Sims Metal Management Limited

ACN/ARSN 114 838 630

1. Details of substantial holder(1)

Name Challenger Limited (and its entities listed in Annexure 2)

ACN/ARSN (if applicable)

106 842 371

There was a change in the interests of the substantial holder on	06/01/2016
The previous notice was given to the company on	10/11/2015
The previous notice was dated	10/11/2015
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:

Classof securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary Fully Paid	10,395,725	5.06%	12,380,007	6.07%

1. 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 or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

   
   

   
   

   Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
   Refer	Challenger Limited	Refer	Refer	Refer	Refer
   Annexure 1	(and its entities	Annexure 1	Annexure 1	Annexure 1	Annexure 1
   	listed in Annexure
   	2)

   
   

2. 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
   Challenger Limited (and its entities listed in Annexure 2)	Citicorp Nominees Pty Limited	Citicorp Nominees Pty Limited	Ordinary Fully Paid securities purchased and sold on market by Challenger Limited (and it's entities listed in Annexure 2) and obtained a relevant interest by virtue of section 608(3) of the Corporations Act 2001.	2,996,667 (Ordinary Fully Paid)	2,996,667
   Challenger Limited (and its entities listed in Annexure 2)	J P Morgan Nominees Australia Limited	J P Morgan Nominees Australia Limited	As above	3,771,804 (Ordinary Fully Paid)	3,771,804

   604 page 2 / 2 15 July 2001

   
   

   
   

   Challenger Limited (and its entities listed in Annexure 2)	National Nominees Limited	National Nominees Limited	As above	3,550,218 (Ordinary Fully Paid)	3,550,218
   Challenger Limited (and its entities listed in Annexure 2)	HSBC Custody Nominees (Australia) Limited	HSBC Custody Nominees (Australia) Limited	As above	2,061,318 (Ordinary Fully Paid)	2,061,318

   
   

3. 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

   
   

4. Addresses

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

Name	Address
Challenger Limited (and its entities listed in Annexure 2)	Level 15, 255 Pitt Street, Sydney NSW 2000

Signature

print name

sign here

Andrew Brown

Capacity

date

Company Secretary

08/01/2016

DIRECTIONS

1. If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

   
   

2. See the definition of "associate" in section 9 of the Corporations Act 2001.

   
   

3. See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

   
   

4. The voting shares of a company constitute one class unless divided into separate classes.

   
   

5. The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

   
   

6. Include details of:

7. any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

   
   

8. any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

   
   

   See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

   
   

9. Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

   
   

10. If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".

    
    

11. Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

This is Annexure 1 which consists of 4 pages and is referred to in Form 604 signed by me and dated 08/01/2016







Andrew Brown Company Secretary of Challenger Limited




Transactions: Company Name/Scheme: Sims Metal Management Limited (SGM) As at: 06/01/2016 Class of security: Ordinary Fully Paid




Date of Change	Holder of relevant interest	Nature of Change	Consideration	Number of Securities	Person's Votes Affected
09/11/2015	Challenger Limited (and its entities listed in Annexure 2)	Buy	10,554.44	1,091	1,091
09/11/2015	as above	Buy	100,736.40	10,413	10,413
09/11/2015	as above	Buy	23,024.36	2,380	2,380
09/11/2015	as above	Buy	257,127.90	26,579	26,579
09/11/2015	as above	Buy	104,577.02	10,810	10,810
09/11/2015	as above	Buy	277,269.38	28,661	28,661
09/11/2015	as above	Buy	307,965.30	31,834	31,834
09/11/2015	as above	Buy	80,594.93	8,331	8,331
09/11/2015	as above	Buy	115,131.46	11,901	11,901
10/11/2015	as above	Buy	76,399.24	7,959	7,959
10/11/2015	as above	Buy	16,980.81	1,769	1,769
10/11/2015	as above	Buy	194,525.76	20,265	20,265
10/11/2015	as above	Buy	79,230.97	8,254	8,254
10/11/2015	as above	Buy	210,796.24	21,960	21,960
10/11/2015	as above	Buy	233,421.31	24,317	24,317
10/11/2015	as above	Buy	60,839.10	6,338	6,338
10/11/2015	as above	Buy	87,716.58	9,138	9,138
11/11/2015	as above	Buy	108,874.56	11,400	11,400
11/11/2015	as above	Buy	26,996.03	2,841	2,841
11/11/2015	as above	Buy	5,995.95	631	631
11/11/2015	as above	Buy	68,749.14	7,235	7,235
11/11/2015	as above	Buy	27,993.78	2,946	2,946
11/11/2015	as above	Buy	74,498.03	7,840	7,840
11/11/2015	as above	Buy	251,175.52	26,300	26,300
11/11/2015	as above	Buy	82,508.47	8,683	8,683
11/11/2015	as above	Buy	152,806.40	16,000	16,000
11/11/2015	as above	Buy	440,273.44	46,100	46,100
11/11/2015	as above	Buy	58,257.44	6,100	6,100
11/11/2015	as above	Buy	21,494.20	2,262	2,262
11/11/2015	as above	Buy	30,996.50	3,262	3,262
11/11/2015	as above	Buy	13,370.56	1,400	1,400
11/11/2015	as above	Buy	5,730.24	600	600
11/11/2015	as above	Buy	5,730.24	600	600
11/11/2015	as above	Buy	62,077.60	6,500	6,500
12/11/2015	as above	Buy	12,867.53	1,642	1,642
12/11/2015	as above	Buy	46,793.39	6,003	6,003
12/11/2015	as above	Buy	102,165.89	12,864	12,864
12/11/2015	as above	Buy	129,189.17	15,437	15,437
12/11/2015	as above	Buy	493.70	63	63







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