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SPH Notice – Jarden & Harbour Asset Management

Substantial Holder Notice20 December 2019AOFFinancials

100080615/3821103.1
Disclosure of movement of 1% or more in substantial holding

or change in nature of relevant interest, or both

Sections 277 and 278, Financial Markets Conduct Act 2013

To NZX Limited

and

To Wellington Drive Technologies Limited (WDT)

Relevant event being disclosed: Disclosure of movement of 1% or more in substantial

holding

Date of relevant event: 19 December 2019

Date this disclosure made: 20 December 2019

Date last disclosure made: 5 December 2019

Substantial product holder(s) giving disclosure

Full name(s): Jarden Securities Limited (previously named First NZ Capital Securities

Limited) and Harbour Asset Management Limited

Summary of substantial holding

Class of quoted voting products: WDT Ordinary Shares

Summary for: Jarden Securities Limited and Harbour Asset Management Limited

For this disclosure —

(a) total number held in class: 49,615,048

(b) total in class: 322,707,005

(c) total percentage held in class: 15.375%

For last disclosure -

(a) total number held in class: 28,700,876

(b) total in class: 319,399,867

(c) total percentage held in class: 8.986%


Details of transactions and events giving rise to relevant event

Details of the transactions or other events requiring disclosure: As noted above, on 5

December 2019, Jarden Securities Limited and Harbour Asset Management Limited disclosed

a relevant interest in 28,700,876 (8.986%) WDT ordinary shares of which Harbour Asset

Management Limited held a relevant interest in 21,311,548 (6.672%) WDT ordinary shares

and Jarden Securities Limited held a relevant interest in 7,389,328 (2.314%) WDT shares.



100080615/3821103.1

In the period since the previous disclosure, as part of normal on-market trading activity

under discretionary investment mandates, Harbour Asset Management Limited purchased

21,000,000 WDT ordinary shares for total consideration of $2,940,000, leaving Harbour

Asset Management Limited with 42,311,548 WDT ordinary shares (13.112%) at the date of

this notice.

In the period since the previous disclosure, as part of normal on-market trading activity,

Jarden Securities Limited has sold 85,828 WDT ordinary shares for a total consideration of

$14,785, leaving Jarden Securities Limited with a total holding of 7,303,500 WDT ordinary

shares (2.263%) at the date of this notice.

Details after relevant event

Details for Harbour Asset Management Limited

Nature of relevant interest(s): Harbour Asset Management Limited, as a fund manager, has

the power to exercise a right to vote attached to, and power to acquire or dispose of, the

products, under powers of investment contained in investment management contracts with

clients (the beneficial owners of the product).

For that relevant interest,—

(a) number held in class: 42,311,548

(b) percentage held in class: 13.112%

(c) current registered holder(s): Unknown and various nominees or custodians for and

on behalf of Harbour Asset Management Limited.

(d) registered holder(s) once transfers are registered: Various nominees or custodians

for and on behalf of Harbour Asset Management Limited.

Details for: Jarden Securities Limited

Nature of relevant interest(s): Beneficial owner of financial products

For that relevant interest,—

(a) number held in class: 7,303,500

(b) percentage held in class: 2.263%

(c) current registered holder(s): Jarden Securities Limited

(d) registered holder(s) once transfers are registered: Jarden Securities Limited

No relevant agreement needs to be attached under Regulation 139.




100080615/3821103.1

Additional information

Address(es) of substantial product holder(s): Level 14, 171 Featherston Street, Wellington

Contact details: Kate Livingston, + 64 9 307 5747, kate.livingston@jarden.co.nz

Nature of connection between substantial product holders: Jarden Partners Limited

(previously named First NZ Capital Group Limited), Jarden Securities Limited (previously

named First NZ Capital Securities Limited) and Harbour Asset Management Limited are

related bodies corporate.

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: None

Certification

I, Kate Livingston, 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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