kAThMANdu  annual report 2012 75 LIMITATIONS ON ThE ACQuISITION OF SECuRITIES SuBSTANTIAL SECuRITY hOLdERS the Company is not subject to Chapters 6, 6a, 6B and 6C of the Corporations act 2001 (australia) dealing with the acquisition of  shares (i.e. substantial holdings and takeovers). limitations on the acquisition of the securities imposed by the jurisdiction in which the Company is incorporated (new Zealand)  are: according to notices given under the Securities Markets act 1988 (new Zealand), the substantial security holders in ordinary  shares (being the only class of listed voting securities) of the Company and their relevant interests according to the substantial  security holder file as at 7 September 2012, were as follows: as at 7 September 2012, the Company had 200,165,940 ordinary shares on issue. ordinary shares % Commonwealth Bank of Australia (7 September 2012) 20,980,315 10.5% Accident Compensation Corporation (7 September 2012) 18,387,591 9.2% AMP (2 April 2012) 14,872,888 7.4% Eley Griffiths (05 September 2012) 12,066,312 6.0% AusBil Dexia (25 November 2009) 10,512,000 5.3% a. In general, securities in the Company are freely transferable and the only significant restrictions or limitations in relation  to the acquisition of securities are those imposed by new Zealand laws relating to takeovers, overseas investment and  competition. b. the new Zealand takeovers Code creates a general rule under which the acquisition of 20% or more of the voting  rights in the Company or the increase of an existing holding of 20% or more of the voting rights of the Company can  only occur in certain permitted ways. these include a full takeover offer in accordance with the takeovers Code, a  partial takeover offer in accordance with the takeovers Code, an acquisition approved by an ordinary resolution, an  allotment approved by an ordinary resolution, a creeping acquisition (in certain circumstances) or compulsory acquisition  of a shareholder holds 90% or more of the shares of the Company. c. the new Zealand overseas Investment act 2005 and overseas Investment regulations 2005 (new Zealand) regulate  certain investments in new Zealand by overseas persons. In general terms, the consent of the new Zealand overseas  Investment office is likely to be required where an “overseas person” acquires shares in the Company that amount  to 25% or more of the shares issued by the Company, or if the overseas person already holds 25% or more, the  acquisition increases that holding. d. the new Zealand Commerce act 1986 is likely to prevent a person from acquiring shares in the Company if the  acquisition would have, or would be likely to have, the effect of substantially lessening competition in the market.