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SPH Notice – Milford Asset Management Limited

Substantial Holder Notice6 August 2019TRAConsumer Discretionary

100080615/3821107.1 1
Disclosure of ceasing to have substantial holding

Section 279, Financial Markets Conduct Act 2013

Note: This form must be completed in accordance with the instructions at the end of the

form.

To The New Zealand Stock Exchange

and

To Turners Automotive Group Ltd

Date this disclosure made: 06/08/2019

Date last disclosure made: 28/06/2019

Date on which substantial holding ceased: 02/08/19

Substantial product holder(s) giving disclosure

Full name(s): Milford Asset Management Limited

Summary of previous substantial holding

Class of quoted voting products: Ordinary shares

Summary for Milford Asset Management Limited

For last disclosure,—

(a) total number held in class: 5,044,665.00

(b) total in class: 86,888,064

(c) total percentage held in class: 5.806%

Milford Active Growth Wholesale Fund (2.992%), (Custodian - NNL Custodians),

Milford NZ Equities Wholesale Fund (0.765%), (Custodian - NNL Custodians),

Milford Income Wholesale Fund (1.629%), (Custodian – NNL Custodians),

Milford Australian Absolute Growth Wholesale Fund (0.306%), (Custodian – NNL

Custodians),

Milford Australian Absolute Growth Fund (0.114%), (Custodian – NNL Custodians).


For current holding after ceasing to have substantial holding,—

(a) total number held in class: 4,336,386.00

(b) total in class: 86,888,064.00

(c) total percentage held in class: 4.9908%



100080615/3821107.1 2

Milford Active Growth Wholesale Fund (2.992%), (Custodian - NNL Custodians),

Milford NZ Equities Wholesale Fund (0.475%), (Custodian - NNL Custodians),

Milford Income Wholesale Fund (1.206%), (Custodian – NNL Custodians),

Milford Australian Absolute Growth Wholesale Fund (0.232%), (Custodian – NNL

Custodians),

Milford Australian Absolute Growth Fund (0.086%), (Custodian – NNL Custodians).


Details of transactions and events giving rise to ceasing of substantial holding

Details of the transactions or other events requiring disclosure:

On market sale transactions of 708,279 ordinary shares made during the period 26 June

2019 – 02 August 2019, for a total consideration of $1,631,855.43


Additional information

Address(es) of substantial product holder(s): Milford Asset Management Limited, Level 28,

48 Shortland Street, Auckland, New Zealand

Contact details: Stuart Bradley, Products and Operations, contact: (09) 921 4763

Email: Trades@milfordasset.com


Certification

I, Stuart Bradley 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.

Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.

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