SPH Notice – Investment Services Group Limited

Disclosure of ceasing to have substantial holding
Section 276, Financial Markets Conduct Act 2013
Note: This form must be completed in accordance with the instructions at the end of the
form.
To NZX
and
To Freightways Limited

Date this disclosure made: 4/4/2019
Date last disclosure made: 30/1/2019
Date on which substantial holding ceased: 3/4/2019
Substantial product holder(s) giving disclosure
Full name(s): Investment Services Group Limited (formerly Devon Funds Group
Limited)
Summary of substantial holding
Class of quoted voting products: Ordinary Shares
Summary for Investment Services Group Limited
For last disclosure,—
(a) total number held in class: 7,785,312

(b) total in class: 155,378,437

(c) total percentage held in class: 5.01%
Details of relevant interests
Devon Funds Management Limited and Clarity Funds Management Limited are subsidiaries
of Investment Services Group Limited.
Details for Devon Funds Management Limited
Nature of relevant interest(s): Related party of Investment Services Group
Limited
For that relevant interest,—
Summary for Devon Funds Management Limited
(a) total number held in class: 7,785,312

(b) total in class: 155,378,437

(c) total percentage held in class: 5.01%
Units Custodian
7,245 BNP, on behalf of private client
242,104 Citibank, on behalf of private client
670,259 BNP, on behalf of private client
933,850 BNP, on behalf of private client
114,702 BNP, on behalf of private client
442,133 MMC, on behalf of private client
134,791 BNP, on behalf of Devon Dividend Yield fund
627,104 Citibank, on behalf of private client
451,266 JPM, on behalf of private client
1,697,920 Northern Trust, on behalf of private client
218,061 JPM, on behalf of private client
414,694 Public Trust, on behalf of private client
255,997 BNP, on behalf of private client
266,004 BNP, on behalf of Devon Trans Tasman fund
428,911 BNP, on behalf of private client
110,428 JPM, on behalf of private client
769,843 Citibank, on behalf of private client

Details for Clarity Funds Management Limited
Nature of relevant interest(s): Related party of Investment Services Group
Limited.
For that relevant interest,—
Summary for Clarity Funds Management Limited
(a) total number held in class: 0

(b) total in class: 0
(c) total percentage held in class: 0%
For current holding after ceasing to have substantial holding,-
Summary for Investment Services Group Limited
(a) total number held in class: 7,723,347

(b) total in class: 155,378,437

(c) total percentage held in class: 4.97%

Details of relevant interests
Details for Devon Funds Management Limited
Nature of relevant interest(s): Related party of Investment Services Group
Limited
For that relevant interest,—
Summary for Devon Funds Management Limited
(a) total number held in class: 7,723,347

(b) total in class: 155,378,437

(c) total percentage held in class: 4.97%
Units Custodian
18,802 BNP, on behalf of private client
225,780 Citi, on behalf of private client
654,048 BNP, on behalf of private client
918,247 BNP, on behalf of private client
111,850 BNP, on behalf of private client
434,851 MMC, on behalf of private client
109,717 BNP, on behalf of Dividend Yield fund
640,444 Citi, on behalf of private client
442,858 JPM, on behalf of private client
1,677,604 Northern Trust, on behalf of private client
214,029 JPM, on behalf of private client
445,702 Public Trust, on behalf of private client
262,824 BNP, on behalf of private client
261,817 BNP, on behalf of Trans Tasman fund
433,210 BNP, on behalf of private client
111,545 JPM, on behalf of private client
760,019 Citi, on behalf of private client

Details for Clarity Funds Management Limited
Nature of relevant interest(s): Related party of Investment Services Group
Limited.
For that relevant interest,—
Summary for Clarity Funds Management Limited
(a) total number held in class: 0

(b) total in class: 0

(c) total percentage held in class: 0%
Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure:
Transaction in four months before 3/4/2019
Date Transaction Volume Amount
11/12/2018 Purchase 186,533 1,283,214.26
13/12/2018 Purchase 119,551 832,270.41
19/12/2018 Purchase 2,026 14,509.03
21/12/2018 Purchase 72,466 518,378.00
3/01/2019 Sale 100,000 731,900.51
7/01/2019 Purchase 40,000 288,231.70
29/01/2019 Purchase 71,031 537,742.95
20/12/2018 Purchase 92,024 659,991.68
30/01/2019 Purchase 70,000 529,383.40
1/03/2019 Purchase 26,116 206,200.04
14/03/2019 Sale - 1,182,214.20
18/03/2019 Sale 15,454 122,722.54
1/04/2019 Sale 54,184 454,320.37
2/04/2019 Purchase 11,557 97,167.81
3/04/2019 Sale 100,000 847,449.99

Additional information
Address(es) of substantial product holder(s): Investment Services Group Limited,
Level 10, 2 Commerce Street, Auckland 1010
Contact details: John Tampo | P: 09 925 3982 | E: jtampo@devonfunds.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: Devon Funds Management Limited
Certification
I, John Tampo, 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.