SPH Notice – Forsyth Barr Investment Management Limited

1

Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
To: NZX Limited
and
To: Sanford Limited
Date this disclosure made: 1 May 2018
Date on which substantial holding began: 27 April 2018
Substantial product holder(s) giving disclosure:
Forsyth Barr Investment Management Limited
Summary of substantial holding
Class of quoted voting products: Ordinary Shares (SAN)
Summary for Forsyth Barr Investment Management Limited
For this disclosure,—
(a) total number held in class: 10,758,321
(b) total in class: 93,626,735
(c) total percentage held in class:

11.491%
Details of relevant interests
Details for Forsyth Barr Investment Management Limited
Nature of relevant interest(s):

The relevant interest arises under various
investment management agreements to which
Forsyth Barr Investment Management Limited
is a party in its capacity as the manager of the
Forsyth Barr Investment Funds and as a
provider of discretionary investment
management services (DIMS). The relevant
interest arises only from the powers of
investment contained in those agreements,
including the power to control the exercise of
the right to vote attached to the shares and to
control the disposal of the shares. A relevant
agreement document need not be attached
under regulation 139.
For that relevant interest,—
(a) number held in class: 10,758,321
(b) percentage held in class: 11.491%
(c) current registered holder(s): See below
(d) registered holder(s) once transfers are
registered:
Not applicable
For a derivative relevant interest, also—
(a) type of derivative: Not applicable

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(b) details of derivative: Not applicable
(c) parties to the derivative: Not applicable
(d) if the substantial product holder is not a
party to the derivative, the nature of the
relevant interest in the derivative:

Not applicable
Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure in the period 26 December
2017 to 27 April 2018:
Nature of event Consideration Number of financial
products
Current
registered
holder(s)
Registered
holder(s) once
transfers are
registered
On-market sales $1,348,727

180,190

Forsyth Barr
Custodians
Limited
Unknown
On-market
purchases
$2,340,817


300,603 Unknown
Forsyth Barr
Custodians
Limited
(287,985
shares) and
Trustees
Executors
Limited
(12,618
Shares)
Off-market transfers
into DIMS
Nil 7,664,054


Unknown
Forsyth Barr
Custodians
Limited


Additional information
Address(es) of substantial product holder(s): Forsyth Barr House, The Octagon, Dunedin
Contact details: Rakesh Soma
T: +64 (9) 368 0035
E: compliance@forsythbarr.co.nz
Name of any other person believed to have
given, or believed to be required to give, a
disclosure under the Financial Markets
Conduct Act 2013 in relation to the financial
products to which this disclosure relates:
Not applicable
Certification
I, Rakesh Soma, certify 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.