Billabong Announces Substancial Share Holder

According to a Notice of Initial Substantial Holder released on Billabong’s Investor Relations Site, as of November 17, 2010 National Australia Bank Limited (NAB) has become a “Substantial Share Holder” of Billabong International Limited.

In total, NAB now holds 12,726,130 securities (or just over 5% voting power) according to a recently released Form 603 document. CLICK HERE to download.

Here’s an excerpt from the document: