SPH Notice – Forsyth Barr Investment Management Limited

1

Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
To: NZX Limited
and
To: Property For Industry Limited
Date this disclosure made: 11 July 2019
Date on which substantial holding began: 10 July 2019
Substantial product holder(s) giving
disclosure:

Forsyth Barr Investment Management
Limited

Summary of substantial holding
Class of quoted voting products: Ordinary Shares (PFI)
Summary for Forsyth Barr Investment Management Limited
For this disclosure,—
(a) total number held in class: 24,951,333
(b) total in class: 498,723,330
(c) total percentage held in class:

5.003%
Details of relevant interests
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 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 regulation 139.
For that relevant interest,—
(a) number held in class: 24,951,333
(b) percentage held in class: 5.003%
(c) current registered holder(s): Not applicable
(d) registered holder(s) once transfers are
registered:
Forsyth Barr Custodians Limited
For a derivative relevant interest, also—

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(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
Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure in the period 9 March 2019
to 10 July 2019:
Nature of event Consideration Number of
financial
products
Current registered
holder(s)
Registered
holder(s) once
transfers are
registered
On-market sales
$2,980,142 1,481,701 Trustees
Executors Limited
(81,321) and
Forsyth Barr
Custodians
Limited (“FBCL”)
(1,400,380)
Unknown
On-market
purchases
$1,188,683

585,326
Unknown FBCL
Off-market
transfers out of
DIMS
Nil
209,930
FBCL Unknown
Off-market
transfers into DIMS
Nil
278,121
Unknown FBCL



Additional information
Address(es) of substantial product holder(s): Forsyth Barr House, The Octagon, Dunedin
Contact details: Sarina Whitlock
T: +64 (9) 368 0108
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, Sarina Whitlock, 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.