RAM Essential Services Property Fund : Change in substantial holding from PDL

For personal use only

Pendal Group Limited

Level 14, The Chifley Tower

2 Chifley Square

Sydney NSW 2000

Australia

ABN 28 126 385 822

Company Announcements Platform

Australian Securities Exchange Limited

20 Bridge Street

SYDNEY NSW 2000

21 March 2022

Dear Sir/Madam

Re: Notice of Change of Interests of Substantial Holder

In accordance with section 671B of the Corporations Act 2001 (Cth), we attach a Notice of Change of Interests of Substantial Holder (Form 604) in respect of RAM Essential Services Property Fund (REP).

Yours faithfully

Joanne Hawkins

Group Company Secretary

1

For personal use only

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To	Company Name/Scheme	RAM ESSENTIAL SERVICES PROPERTY FUND (REP)
ACN/ARSN	ACN 28 629 968 163
1.	Details of substantial holder (1)
Name	PENDAL GROUP LIMITED (PDL)
ACN/ARSN (if applicable)	ACN 126 385 822

There was a change in the interests of the
substantial holder on	17/03/2022
The previous notice was given to the company on	26/10/2021
The previous notice was dated	22/10/2021

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 in the company or scheme, are as follows:

Class of securities (4)		Previous Notice		Present Notice
	Person's votes		Voting Power (5)	Person's votes		Voting Power (5)
Ordinary shares	35,731,917		6.86%	40,974,220		7.86%

3. 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	Nature of	Consideration	Class and	Person's
	changed	change (6)	given in	number of	votes
			relation to	securities	affected
			change (7)	affected
17/03/2022	PDL & its Associates, Pendal Fund	See Annexure	See Annexure	See Annexure	See
	Services Limited, Pendal Institutional	'A'	'A'	'A'	Annexure
	Limited				'A'

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For personal use only

4. 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	Person entitled	Nature of	Class and	Person's votes
	holder of	to be registered	relevant interest	Number of
	securities	as holder (8)	(6)	securities
Pendal Fund Services	HSBC Custody	HSBC Custody	Pendal Fund	16,119,415	16,119,415
Limited *	Nominees	Nominees	Services Limited	Ordinary
	(Australia)	(Australia)	is the trustee or
	Limited.	Limited.	responsible entity
			of various
	State Street	State Street	managed
	Australia	Australia	investment
	Limited	Limited	schemes and, in
			that capacity, can
			exercise the
			power to vote or
			dispose of the
			shares.
Pendal Institutional	Citicorp	Citicorp	Pendal	24,854,805	24,854,805
Limited	Nominees Pty	Nominees Pty	Institutional	Ordinary
	Limited	Limited	Limited is the
			investment
	HSBC Custody	HSBC Custody	manager
	Nominees	Nominees	appointed by
	(Australia)	(Australia)	various
	Limited.	Limited.	superannuation
			funds,
			institutional
			investors and unit
			trusts and, in that
			capacity, can
			exercise the
			power to vote or
			dispose of the
			shares.

• Pendal Fund Services Limited has appointed Pendal Institutional Limited to act as the investment manager of the trusts of which it is responsible entity, giving Pendal Institutional Limited the capacity to exercise the power to vote or dispose of the shares. Pendal Institutional Limited therefore also has a relevant interest in shares in which Pendal Fund Services Limited has a relevant interest.

5. Changes in association

The persons who have become associates (2) of, or 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
6. Addresses
The addresses of persons named in this form are as follows:
Name	Address
Pendal Group Limited (PDL)	Level 14, Chifley Tower, 2 Chifley Square, Sydney NSW
	2000
Pendal Fund Services Limited	Level 14, Chifley Tower, 2 Chifley Square, Sydney NSW
	2000
Pendal Institutional Limited	Level 14, Chifley Tower, 2 Chifley Square SYDNEY NSW
	2000
RAM ESSENTIAL SERVICES PROPERTY FUND (REP)	The Company Secretary,
	Suite 32.02, Level 32, 264 George Street,
	Sydney NSW 2000
Signature

Print name	Joanne Hawkins	Capacity Company Secretary
Sign here		Date	21/03/2022

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DIRECTIONS

1. If there are a number of substantial holders with similar or related relevant interests (e.g. 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 scheme multiplied by 100.
6. Include details of:
7. 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. If the substantial holder is unable to determine the identity of the person (e.g. if the relevant interest arises because of an option) write "unknown".
3. Give details, if appropriate, of the present association and any changes in that association since the last substantial holding notice.

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	ANNEXURE A
	This is annexure 'A' referred to in Form 604, Notice of change of interests of substantial holder, lodged for Pendal Group Limited	ACN 126 385 822
					Joanne Hawkins - Company Secretary, Pendal Group Limited - 21/03/2022
				TRANSACTION HISTORY
	Sales & Purchases for the period: 22/03/2021 to 17/03/2022
	SECURITY: REP
	Pendal Fund Services Limited
only	Date	Registered Company	Nature of				Class of	Person's votes
Change		Quantity	Consideration	Securities	affected
25/10/2021	HSBC Custody Nominees (Australia) Limited.	Buy	14502	14718.08	Ordinary	14502
use
26/10/2021	HSBC Custody Nominees (Australia) Limited.	Buy	347414	344773.7	Ordinary	347414
27/10/2021	HSBC Custody Nominees (Australia) Limited.	Buy	110831	109268.3	Ordinary	110831
28/10/2021	HSBC Custody Nominees (Australia) Limited.	Buy	35661	35300.83	Ordinary	35661
29/10/2021	HSBC Custody Nominees (Australia) Limited.	Buy	101880	100575.9	Ordinary	101880
1/11/2021	HSBC Custody Nominees (Australia) Limited.	Buy	14858	14690.1	Ordinary	14858
2/11/2021	HSBC Custody Nominees (Australia) Limited.	Buy	15676	15509.83	Ordinary	15676
3/11/2021	HSBC Custody Nominees (Australia) Limited.	Buy	23640	23384.69	Ordinary	23640
personal27/01/2022	HSBC Custody Nominees (Australia) Limited.	Buy	147013	138692.1	Ordinary	147013
4/11/2021	HSBC Custody Nominees (Australia) Limited.	Buy	10017	9917.83	Ordinary	10017
5/11/2021	HSBC Custody Nominees (Australia) Limited.	Buy	21610	21337.72	Ordinary	21610
8/11/2021	HSBC Custody Nominees (Australia) Limited.	Buy	23767	23381.97	Ordinary	23767
9/11/2021	HSBC Custody Nominees (Australia) Limited.	Buy	622218	612884.7	Ordinary	622218
9/11/2021	HSBC Custody Nominees (Australia) Limited.	Buy	9417	9275.75	Ordinary	9417
10/11/2021	HSBC Custody Nominees (Australia) Limited.	Buy	4080	4016.76	Ordinary	4080
11/11/2021	HSBC Custody Nominees (Australia) Limited.	Buy	23329	23056.05	Ordinary	23329
29/11/2021	HSBC Custody Nominees (Australia) Limited.	Buy	104794	104867.4	Ordinary	104794
30/11/2021	HSBC Custody Nominees (Australia) Limited.	Buy	93610	94078.05	Ordinary	93610
21/12/2021	HSBC Custody Nominees (Australia) Limited.	Sell	-27207	-27207	Ordinary	27207
21/01/2022	HSBC Custody Nominees (Australia) Limited.	Buy	101193	97600.65	Ordinary	101193
24/01/2022	HSBC Custody Nominees (Australia) Limited.	Buy	759987	729663.5	Ordinary	759987
25/01/2022	HSBC Custody Nominees (Australia) Limited.	Buy	41822	39868.91	Ordinary	41822
27/01/2022	HSBC Custody Nominees (Australia) Limited.	Buy	18248	17173.19	Ordinary	18248
For
28/01/2022	HSBC Custody Nominees (Australia) Limited.	Buy	320487	306033	Ordinary	320487
31/01/2022	HSBC Custody Nominees (Australia) Limited.	Buy	79293	76914.21	Ordinary	79293
15/03/2022	HSBC Custody Nominees (Australia) Limited.	Buy	85044	78708.22	Ordinary	85044
16/03/2022	HSBC Custody Nominees (Australia) Limited.	Buy	28542	26469.85	Ordinary	28542
17/03/2022	HSBC Custody Nominees (Australia) Limited.	Buy	181879	167528.8	Ordinary	181879
			Total		3,313,605	3,212,483.03
	Date		Registered Company	Nature of				Class of	Person's votes
		Change		Quantity	Consideration	Securities	affected
25/10/2021	State Street Australia Limited	Buy	191	193.85	Ordinary	191
26/10/2021	State Street Australia Limited	Buy	4577	4542.21	Ordinary	4577
27/10/2021	State Street Australia Limited	Buy	1460	1439.41	Ordinary	1460

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