SPH Notice – Forsyth Barr Investment Management Limited

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Disclosure of movement of 1% or more in substantial holding or change in nature of relevant
interest, or both
Section 277 and 278, Financial Markets Conduct Act 2013
To: NZX Limited
and
To: Sanford Limited
Date of relevant event: 16 August 2018
Date of this disclosure: 17 August 2018
Date last disclosure made: 1 May 2018
Substantial product holder(s) giving disclosure:
Full name(s): 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: 6,721,738
(b) total in class: 93,626,735
(c) total percentage held in class:

7.179%
For last 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 transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure:

Date of
event
Nature of
event
Consideration Number of
financial
products
Current
registered
holder(s)
Registered
holder(s) once
transfers are
registered
30 April
2018 – 16
August
2018
On-market
sales
$32,811,077

4,336,915

Forsyth Barr
Custodians
Limited
Unknown
30 April
2018 – 16
August
2018
On-market
purchases
$2,108,004


275,272

Unknown
Forsyth Barr
Custodians
Limited and
Trustees
Executors
Limited

2

30 April
2018 – 16
August
2018
Off-market
transfers out
of DIMS
Nil 34,500
Forsyth Barr
Custodians
Limited
Unknown
30 April
2018 – 16
August
2018
Off-market
transfers into
DIMS
Nil 59,550

Unknown
Forsyth Barr
Custodians
Limited


Details after relevant event
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 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
regulations 139 and 142.
For that relevant interest,—
(a) number held in class: 6,721,738
(b) percentage held in class: 7.179%
(c) current registered holder(s): See above
(d) registered holder(s) once transfers are
registered:
See above
For a derivative relevant interest, also—
(a) type of derivative: Not applicable
(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


Additional Information

Address(es) of substantial product holder(s): Forsyth Barr House, The Octagon, Dunedin
Contact details: Dunja Sumar
T: +64 9 368 0059

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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, Dunja Sumar, 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.