SPH Notice – Forsyth Barr Investment Management Limited

1

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: Precinct Properties New Zealand Limited
Relevant event being disclosed: Movement of 1% or more in substantial holding
Date of relevant event: 20 March 2019
Date of this disclosure: 21 March 2019
Date last disclosure made: 29 September 2017
Substantial product holder(s) giving disclosure:
Full name(s): Forsyth Barr Investment Management Limited
Summary of substantial holding
Class of quoted voting products: PCT 27/09/2021 4.80% Convertible Notes
(PCTHA)
Summary for Forsyth Barr Investment Management Limited
For this disclosure,—
(a) total number held in class: 23,044,813
(b) total in class: 150,000,000
(c) total percentage held in class:

15.363%
For last disclosure,—
(a) total number held in class: 24,553,902
(b) total in class: 150,000,000
(c) total percentage held in class:

16.369%

2

Details of transactions and events giving rise to relevant event
Date of
event
Nature of
event
Consideration Number of
financial
products
Current
registered
holder(s)
Registered holder(s)
once transfers are
registered
29
September
2017 – 20
March
2019
On-market
sales
$6,062,567 5,897,779
Forsyth Barr
Custodians
Limited
(“FBCL”)
Unknown
On-market
purchases
$4,235,793 4,147,690 Unknown
FBCL
Off-market
transfers out
of DIMS
Nil 964,050
FBCL Unknown
Off-market
transfers
into DIMS
Nil 1,205,050 Unknown
FBCL

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 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: 23,044,813
(b) percentage held in class: 15.363%
(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

3

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