Bentley Capital : Ceasing to be a Substantial Holder Notice for HHY

20200220 BEL Ceasing to be a Substantial Holder Notice - HHY

Form 605

Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme

ACN/ARSN

HHY FUND (ASX : HHY)

112 579 129

1.	Details of substantial holder (1)
	Name	ACN / ABN
	BENTLEY CAPITAL LIMITED (ASX : BEL)	87 008 108 218
	There was a change in the interests of the substantial holders on:	17 February 20201
	The previous notice was given to the company on:	23	October 2017
	The previous notice was dated:	23	October 20172
2.	Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company are as follows:

	Person			Class and number
	whose		Consideration	of securities
	relevant		given in	affected	Person's votes
	interest		relation to
Date of change	changed	Nature of change(6)	change(7)	Ordinary Units	affected
Various, between	BEL	Increase in KBC's percentage interest/voting	Not	25,146,9734	25,146,9734
14 November 2017		power in HHY as a consequence of the on-	applicable
and 15 January		market buy-back and cancellation of units in
20183		HHY4
Various, between		Increase in KBC's percentage interest/voting
18 January 2018		power in HHY as a consequence of the on-
and 14 February		market buy-back and cancellation of units in
20203		HHY
17 February 2020		BEL ceased to have a greater than 20%
		voting power in KBC1 and accordingly, has
		ceased to have a deemed relevant interest
		in the HHY units in which KBC has a
		relevant interest, pursuant to section
		608(3)(a) of the Corporations Act

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 (7) 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
-	-

1. Refer BEL's ASX Announcement dated 19 February 2020: Change of Substantial Holder Notice for KBC
2. Refer BEL's ASX Announcement dated 23 October 2017: Initial Substantial Shareholder Notice for HHY
3. Pursuant to HHY units bought-back and cancelled as announced by HHY on ASX via ASX Appendix 3E Daily Buy-Back Notices
4. Per KBC's ASX Announcement dated 19 January 2018: Notice of Change in Interests of Substantial Holder in HHY;
   BEL notes that KBC's current unitholding in HHY may differ from that disclosed in KBC's last Substantial Holder Notice lodged on ASX, as a consequence of KBC trading in HHY units since their last Substantial Holder Notice in HHY

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			20200220 BEL Ceasing to be a Substantial Holder Notice - HHY
4. Addresses
The addresses of persons named in this form are as follows:
	Name		Address
	Bentley Capital Limited (ASX:BEL)		Level 2, 23 Ventnor Avenue, West Perth, Western Australia 6005
	Keybridge Capital Limited (ASX:KBC)		Suite 614, Level 6, 370 St Kilda Road, Melbourne, Victoria 3004

Signature
sign here			Date	20 February 2020
print name	VICTOR HO		Capacity	COMPANY SECRETARY
		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 "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
3. See the definition of "associate" in section 9 of the Corporations Act 2001.
4. Include details of:
5. 1. 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
   2. 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.

1. 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.
2. The voting shares of a company constitute one class unless divided into separate classes.
3. Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

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