As at 4 September 2013, the Company had 200,215,894 ordinary shares on issue. Ordinary shares % Commonwealth Bank of Australia (8 April 2013) 16,609,706 8.3% National Australia Bank (9 July 2013) 13,050,566 6.5% Accident Compensation Corporation (4 September 2013) 11,970,983 6.0% Milford Asset Management Limited (3 September 2013) 11,698,194 5.8% FMR LLC and FIL Limited (11 April 2013) 11,287,339 5.6% Fisher Funds Management Limited (9 July 2013) 10,447,023 5.2% AMP (4 September 2013) 10,113,837 5.1% Australian Super Pty Limited (5 July 2013) 10,110,349 5.0% 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 4 September 2013, were as follows: SUBSTANTIAL SECURITY HOLDERS Limitations on the acquisition of the securities imposed by the jurisdiction in which the Company is incorporated (New Zealand) are: 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 SECURITIES 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. 76 ANNUAL REPORT  2013  KATHMANDU