Copper Strike : Change in substantial holding from WAM/WAA

For personal use only

TO:	ASX
	Company Announcements Office
FROM:	Wilson Asset Management Group
DATE:	25 January 2022
NO OF PAGES:	7 (including this page)

The Wilson Asset Management Group does not beneficially own, and exerts no control or influence over,the Copper Strike Limited (ASX: CSE) shares in which members of the Wilson Asset Management Group are determined to hold an indirect deemed relevant interest in, in accordance with Section 671B of the Corporations Act 2001. As detailed in the enclosed notice, members of the Wilson Asset Management Group are deemed to hold an indirect deemed relevant interest in CSE shares held by each of Keybridge Capital Limited (KBC) and HHY Fund (HHY). The Corporations Act determine these indirect deemed relevant interests to exist primarily as a result of the members of the Wilson Asset Management Group holding (in aggregate) voting power in excess of 20% in each of KBC and HHY.

As a result of this indirect deemed relevant interest, and in accordance with Section 671B of the Corporations Act 2001, please find enclosed a Form 604 - Notice of change of interest of substantial holder in relation to Copper Strike Limited (ASX: CSE). The primary purpose of this notice is to disclose certain indirect deemed relevant interests that members of the Wilson Asset Management Group are indirectly deemed to hold in CSE pursuant to the Corporations Act.

The Wilson Asset Management Group's holding in both HHY and KBC, whilst in excess of 20% in each case, lacks the requisite ability to affect the direction or control of either entity, as evidenced by historical events, meetings and voting with respect to the two entities. Members of the Wilson Asset Management Group are not able to affect the direction or control of KBC and HHY and have no influence or control over KBC's or HHY's underlying investments, including CSE. The attached notice provides further details in this regard.

Level 26, Governor Phillip Tower, 1 Farrer Place, Sydney NSW 2000 | GPO Box 4658 Sydney NSW 2001 | Phone [phone] | Fax [phone] | [e-mail] | www.wilsonassetmanagement.com.au

604 Page 1 of 2 15 July 2001

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

only

ToCompany Name/Scheme	Copper Strike Limited (ASX:CSE)
ACN/ARSN	ACN 108 398 983
1. Details of substantial holder (1)
Name	Wilson Asset Management Group (refer entities listed in Annexure A)
ACN/ARSN (if applicable)

use

There was a change in the interests of the substantial holder on

The previous notice was given to the company on

The previous notice was dated

2. Previous and present voting power

21/01/2022

03/06/2021

03/06/2021

For personal

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 to 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)

See Annexure B

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	Person whose	Nature of change (6)	Consideration given in	Class and number	Person's votes
	change	relevant interest		relation to change (7)	of securities	affected
		changed			affected
	See
	Annexure
	C
4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

	Holder of	Registered holder	Person entitled to be	Nature of relevant	Class and number	Person's votes
	relevant	of securities	registered as holder	interest (6)	of securities
	interest		(8)
	See
	Annexure
	D

604 Page 2 of 2 15 July 2001

For personal use only

5. Changes in association

The persons who have become associates (2) of, 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

N/A

6. Addresses

The addresses of persons named in this form are as follows:

Name

Address

Refer to Annexure E

Signature

print name	Martyn McCathie	capacity	Head of Operations
sign here		date	25/01/2022

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 "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 or 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 (eg. if the relevant interest arises because of an option) write "unknown".
3. Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

For personal use only

Annexure A

1. Details of Wilson Asset Management Group

Name	ACN / ARSN
Wilson Asset Management (International) Pty Limited	(ACN 081 047 118)
MAM Pty Limited	(ACN 100 276 542)
WAM Capital Limited	(ACN 086 587 395)
WAM Research Limited	(ACN 100 504 541)
WAM Active Limited	(ACN 126 420 719)
Botanical Nominees Pty Limited as trustee of the Wilson Asset Management Equity Fund	(ACN 081 032 000)
WAM Leaders Limited	(ACN 611 053 751)
WAM Microcap Limited	(ACN 617 838 418)
WAM Global Limited	(ACN 624 572 925)
WAM Strategic Value Limited	(ACN 649 096 220)
WAM Alternative Assets Limited	(ACN 168 941 704)

Annexure B

2. Previous and present voting power

Class of securities (4)	Previous notice			Present notice
			Voting power			Voting power
		Person's votes	(5)		Person's votes	(5)
	Direct interest:	Nil	Nil	Direct interest:	Nil	Nil
Fully Paid Ordinary	Deemed Interest:	11,745,2301	9.79%1	Deemed Interest:	18,695,3212	15.576%2
Shares
	Total:	11,745,230	9.79%	Total:	18,695,321	15.576%

Note:

1. The Wilson Asset Management Group ASIC Form 604 - Notice of change of interests of substantial holder (Form 604) was prepared based upon Form 604 lodged by Keybridge Capital on 3 June 2021. This notice incorrectly included 474,706 shares held via swap, this was a non-voting interest.
2. The deemed interest in CSE represents the combined shareholding of Keybridge Capital Limited (KBC) and HHY Fund (HHY) (see Annexure D for details).

The Wilson Asset Management Group does not beneficially own the CSE shares in which its members are deemed to hold a relevant interests in.

Signed …………………………………………

Date: 25 / January / 2022

For personal use only

Annexure C

3. Changes in relevant interest

Date of change	Person whose	Nature of change (6)		Consideration		Class and	Person's votes
	relevant interest			given in relation		number of	affected
	changed			to change (7)		securities
							affected
Changes to relevant interest directly held/controlled
Nil	Nil	Nil		Nil			Nil	Nil
Date of change	Person whose	Nature of change	Consideration	Class and number of	Person's votes
	relevant interest	(6)	given in relation	securities affected	affected
	changed		to change (7)
Changes to indirect deemed relevant interest1,2
20/01/2022	Credit Suisse Equities	Relevant interest	-$145,989.14	(1,081,401)
19/01/2022	Australia Ltd	movement	-$692,279.87	(5,127,999)
29/12/2021		pursuant to section	$12,288.76	111,716
24/12/2021		608(1)(c)	$7,695.60	76,956
23/12/2021			$50,000.00	500,000
21/12/2021			-$37,972.74	(432,600)
20/12/2021			$1,307.64	(15,384)
16/12/2021			$23,345.74	285,083
11/10/2021			-$5,860.40	(64,400)
16/09/2021			$13,262.80	132,628
15/09/2021			$12,500.00	125,000
13/08/2021			$10,000.00	100,000
17/08/2021			$10,137.00	101,370
01/09/2021			$40,144.00	402,500
01/09/2021			($4,205.99)	(40,057)
02/09/2021			$3,000.00	30,303
03/09/2021			$5,000.00	50,000
07/09/2021			$67,448.70	674,487
13/09/2021			$17,330.60	173,306
14/09/2021			$11,937.80	119,378
12/08/2021			$68,900.00	690,000
11/08/2021			$67,000.00	671,000
10/08/2021			$201,540.80	2,015,408
09/08/2021			$2,797.00	28,000
20/01/2022	Keybridge Capital	On market	$160,976.97	1,192,422	1,192,422
19/01/2022	Limited	acquisition	$134,999.87	999,999			999,999
19/01/2022			$202,500.00	1,500,000	1,500,000
19/01/2022			$405,000.00	3,000,000	3,000,000
21/12/2021			$64,233.67	732,376			732,376

Note:

1. The deemed interest in CSE represents the combined shareholding of Keybridge Capital Limited (KBC) and HHY Fund (HHY) (see Annexure D for details).

The Wilson Asset Management Group does not beneficially own the CSE shares in which members of the Wilson Asset Management Group are determined to hold indirect deemed relevant interests in.

2. See the Form 604 (Notice of change in interests of substantial holder) issued by KBC on 21 January 2022.

Signed …………………………………………

Date: 25 / January / 2022