SPH Notice – Salt Funds Management Limited

100080615/3821107.1 1
Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
To NZX Ltd
and
To Scales Corporation Limited
Date this disclosure made: 10 May 2018
Date last disclosure made: 15 February 2018
Date on which substantial holding ceased: 8 May 2018
Substantial product holder(s) giving disclosure
Full name(s): Salt Funds Management Limited
Summary of previous substantial holding
Class of quoted voting products: Scales Corporation Limited Ordinary Shares (SCL)
Summary for Salt Funds Management Limited
For last disclosure,—
(a) total number held in class: 7,037,993
(b) total in class: 140,510,292
(c) total percentage held in class: 5.009%
For current holding after ceasing to have substantial holding,—
(a) total number held in class: 6,957,212
(b) total in class: 140,896,574
(c) total percentage held in class: 4.938%
Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure:
On market purchases of 555,826 shares for a consideration of $2,493,049 over the period
14
th
February 2018 to 24
th
April 2018.
In-specie transfer of 75,895 shares for a consideration of $342,286 on 1 May 2018
On market sales of 712,502 shares for a consideration of $3,269,136 over the period 7
th

March 2018 to 8
th
May 2018.

100080615/3821107.1 2
Additional information
Address(es) of substantial product holder(s):
Level 3, The Imperial Buildings
44 Queen Street
Auckland 1050
Contact details:
Anthony Sowerby
+64 9 967 7276
anthony.sowerby@saltfunds.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: N/A
Certification
I, Julia Diepbrink, 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.