SPH Notice – Investment Services Group Limited

100080615/3821102.1
1
Disclosure of beginning 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: 26/06/2019
Date on which substantial holding began: 25/06/2019
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 this disclosure,—
(a) total number held in class: 7,905,571
(b) total in class: 155,378,437
(c) total percentage held in class: 5.09%
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: 7,905,571

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

(c) total percentage held in class: 5.09%

100080615/3821102.1
2

Units Custodian
109,717
BNP, on behalf of the Devon Dividend Yield
Fund
112,277 JPM, on behalf of private client
980,608 BNP, on behalf of private client
365,049 JPM, on behalf of private client
34,335 BNP, on behalf of private client
464,343 MMC, on behalf of private client
445,702 Public Trust, on behalf of private client
110,760 BNP, on behalf of private client
262,824 BNP, on behalf of private client
250,754
BNP, on behalf of the Devon Trans-Tasman
Fund
228,837 Citibank, on behalf of private client
760,019 Citibank, on behalf of private client
201,195 JPM, on behalf of private client
435,279 BNP, on behalf of private client
1,815,091 Northern, on behalf of private client
688,337 BNP, on behalf of private client
640,444 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 a derivative relevant interest, also—
(a) type of derivative: [eg, option or swap agreement]
(b) details of derivative: [specify details required by the instructions to this form]
(c) parties to the derivative:

100080615/3821102.1
3
(d) if the substantial product holder is not a party to the derivative, the nature of the
relevant interest in the derivative:
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 25/06/2019
Date Transaction Volume Amount
1/03/2019 Purchase 34,345 270,639
1/03/2019 Sale 8,229 64,844
18/03/2019 Sale 15,454 122,845
1/04/2019 Sale 54,184 455,687
2/04/2019 Purchase 11,557 97,119
3/04/2019 Sale 100,000 850,000
9/04/2019 Sale 25,000 217,532
10/04/2019 Sale 73,246 623,638
12/04/2019 Sale 11,063 94,502
24/04/2019 Purchase 6,689 58,278
29/04/2019 Sale 10,749 92,061
17/05/2019 Purchase 2,801 24,228
27/05/2019 Purchase 8,844 72,975
29/05/2019 Sale 17,041 141,440
21/06/2019 Purchase 120,000 991,200
25/06/2019 Purchase 180,989 1,504,036

Additional information
Address(es) of substantial product holder(s): Investment Services Group Limited,
Level 10, 2 Commerce Street, Auckland 1010
Contact details: Chris Knight | P: +64 9 925 3978 | E: cknight@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

100080615/3821102.1
4
Certification
I, Chris Knight, 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.