For personal use only

Form 603
Corporations Law
Section 671B
For personal use only
Notice of initial substantial holder
To: Company Name/Scheme
IDT Australia Limited
ACN/ARSN
006 522 970
1.
Details of substantial holder (1)
Bank of America Corporation and its related bodies corporate (See
Appendix C)
Name
ACN/ARSN (if applicable)
The holder became a substantial holder on:
2.
27 January 2015
Details of 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 on the date the substantial holder became a substantial holder are as
follows:
3.
Class of securities (4)
Number of securities
Persons’ votes (5)
Voting power (6)
Ordinary
11,125,000
11,125,000
5.82%
Details of relevant interests
The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the
substantial holder became a substantial holder are as follows:
Holder of relevant interest
Nature of relevant interest (7)
Class and number of securities
Merrill Lynch (Australia) Futures Ltd
Power to control voting and/or disposal of
securities in its capacity as ultimate beneficial
owner having a principal position.
Ordinary 8,700,000
Merrill Lynch International (Australia) Ltd
Borrowing of securities pursuant to a Prime
Brokerage Agreement (see Appendix B), with
power to control the voting and/or disposal of
borrowed securities.
Ordinary 2,425,000
4.
Details of present registered holders
The persons registered as holders of the securities referred to in paragraph 3 above are as follows:
Holder of relevant
interest
Registered holder of
securities
Person entitled to be
registered as holder (8)
Class and number of
securities
Merrill Lynch (Australia)
Futures Ltd
Merrill Lynch (Australia)
Nominees Pty Ltd
Merrill Lynch (Australia)
Futures Ltd
Ordinary 8,700,000
Merrill Lynch International
(Australia) Ltd
MLEQ Nominees Pty Ltd
Merrill Lynch International
(Australia) Ltd
Ordinary 2,425,000
5.
Consideration
For personal use only
The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the
day that the substantial holder became a substantial holder is as follows:
Holder of relevant interest
Date of acquisition
Consideration (9)
Cash
Class and number
of securities
Non-cash
Please see Annexure A.
6.
Associates
The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:
Name and ACN/ ARSN (if applicable)
Nature of association
Merrill Lynch (Australia) Futures Ltd
Related body corporate
Merrill Lynch (Australia) Nominees Pty Ltd
Related body corporate
MLEQ Nominees Pty Ltd
Related body corporate
7.
Addresses
The addresses of persons named in this form are as follows:
Name
Addresses
100 North Tryon Street, Charlotte, North Carolina, 28255, USA
Bank of America Corporation
Merrill Lynch (Australia) Futures Ltd
Merrill Lynch (Australia) Nominees Pty Ltd
Level 38, Governor Phillip Tower, 1 Farrer Place, Sydney NSW
2000, Australia
Level 19, 120 Collins St, Melbourne Vic 3000, Australia
Level 38, Governor Phillip Tower, 1 Farrer Place, Sydney NSW
2000, Australia
MLEQ Nominees Pty Ltd
SIGNATURE
Print Name:
Sign Here:
Roland Chan
Capacity:
Date:
Authorised signatory
30 January 2015
Appendix A
Date of change Person whose relevant interest changed
For personal use only
16-Dec-14 Merrill Lynch (Australia) Futures Ltd
27-Jan-15 Merrill Lynch International (Australia) Ltd
Nature of change (4)
Buy
Securities borrowed
Consideration (5)
Class (6) of securites
(1,305,000) Ordinary
N/A Ordinary
Securities affected
8,700,000
2,425,000
Person's votes affected
8,700,000
2,425,000
Remark
N/A
Refer to App. B-1
For personal use only
Appendix B-1: Prescribed information
Type of agreement
International Prime Brokerage Agreement
Parties to agreement
Merrill Lynch International, Merrill Lynch International (Australia) Limited and
Regal Funds Management Pty Limited as Trustee of Atlantic Absolute Return
Fund
Holder of voting
rights
Securities borrower. Securities lender may instruct the registered holder to vote on
securities.
Are there any
restrictions on voting
rights?
No
If yes, detail
N/A
Scheduled return
date (if any)
On recall of the securities loan by the securities lender.
Does the borrower
have the right to
return early?
Yes
If yes, detail
Securities borrower will have right to return assets at any time.
Does the lender have
the right to recall
early?
Yes
If yes, detail
Securities lender will have right to recall assets at any time.
Will the securities be
returned on
settlement?
Yes
If yes, detail any
exceptions
N/A
For personal use only
Appendix C
Related bodies corporate
Merrill Lynch (Australia) Futures Limited
Merrill Lynch International (Australia) Limited
Merrill Lynch (Australia) Nominees Pty. Limited
Berndale Securities Limited
Merrill Lynch Markets (Australia) Pty. Limited
Merrill Lynch (Australasia) Pty. Limited
Merrill Lynch International Incorporated
NB Holdings Corporation
Bank of America Corporation
Incorporated ACN/Registration/Incorporation Number
Australia
003639674
Australia
002892846
Australia
003925031
Australia
006687467
Australia
075587816
Australia
075923894
United States
0825826
United States
2361372
United States
N/A628