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SCT - Disclosure of movement in substantial holding

12:00AM, 28 May 2009 | SSH

Disclosure of movement of 1% or more in substantial holding or change in
nature of relevant interest or both
Sections 23 and 24, Securities Markets Act 1988
Relevant event being disclosed: Change of registered holder
Date of relevant event: 25 May 2009
To: NZX
And: Scott Technology Limited
Date this disclosure made: 28 May 2009
Date last disclosure made: 10 July 2008
Substantial security holder(s) giving disclosure
Name(s): Inchinnam Limited
Contact details: Ian Devereux, 09-634 7696
Summary of substantial holding to which disclosure relates
Class of listed voting securities: Ordinary shares
Summary for: Inchinnam Limited
For this disclosure,--
(a)     total number held in class: 3,313,452
(b)     total in class: 28,277,645
(c)     total percentage held in class: 11.72%
For last disclosure,--
(a)     total number held in class: 3,313,452
(b)     total in class: 28,277,645
(c)     total percentage held in class: 11.72%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure under the
instructions to this form: 1,656,726 shares in Scott Technology Limited
issued to Inchinnam Limited in part settlement of the acquisition price of
the Rocklabs business were held in trust pending the Rocklabs business
achieving an agreed earnings target for the year ended 31 March 2009.  The
agreed earnings target has been achieved.
Details of relevant interests in substantial holding after relevant event
Details for: Inchinnam Limited
Nature of relevant interest(s): 1,656,726 shares in Scott Technology Limited
held in trust for Inchinnam Limited by Gregory William Chiles & Roger Norman
Macassey have been transferred to Inchinnam Limited.  There was no change in
beneficial ownership.
For that relevant interest,--
(a)     number held in class: 1,656,726
(b)     percentage held in class: 5.86%
(c)     current registered holder(s) of securities: Gregory William Chiles &
Roger Norman Macassey in trust for Inchinnam Limited
(d)     registered holder(s) of securities once transfers registered:
Inchinnam Limited
Additional information
Nature of connection between substantial security holders: N/A
Address(es) of substantial security holder(s): C/- PO Box 18-142, Auckland
Name of any other person believed to have given, or believed to be required
to give, a disclosure under the Act in relation to the securities to which
this disclosure relates: N/A
Declaration
I, Gregory William Chiles, Chief Financial Officer, Scott Technology Limited,
declare that, to the best of my knowledge and belief, the information
contained in this disclosure is correct and that I am duly authorised to make
this disclosure by all persons for whom it is made.