SPH – Nelson & Tracey Siva and Comac Trustee Limited

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 Solution Dynamics Limited
Relevant event being disclosed: movement in substantial holding
Date of relevant event: 17 March 2020
Date this disclosure made: 20 March 2020
Date last disclosure made: 12 November 2014
Substantial product holder(s) giving disclosure
Full name(s): Indrajit Nelson Sivasubramaniam (Nelson Siva), Tracey Lee
Sivasubramaniam and Comac Trustee Limited
Summary of substantial holding
Class of quoted voting products: ordinary shares
Summary for Nelson Siva
For this disclosure,—
(a) total number held in class: 890,000
(b) total in class: 14,879,810 (assuming all share options then on issue were exercised
– and no further shares are issued)
(c) total percentage held in class: 5.98158000
For last disclosure,—
(a) total number held in class: up to a maximum of 930,000 (1,070,000 assuming
Nelson Siva exercises all of his share options)
(b) total in class: up to a maximum of 14,059,810 (assuming all share options then on
issue were exercised – and no further shares are issued)
(c) total percentage held in class: 7.61024000% (assuming exercise of options)
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure: Re-settlement of
shareholding on new trustee of family trust as the culmination of the following
transactions:

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Date
Nature of
transaction
Number of shares
affected
Total holding
4 May 2016 Sale 100,000 830,000
4 April 2018
Exercise of share
options
140,000 970,000
17 March 2020
Off-market transfer
by way of gift to
sister
80,000 890,000
17 March 2020
Off market transfer
for the purposes of
re-settlement on
new trustee
890,000 890,000

Details after relevant event
Details for Nelson Siva
Nature of relevant interest(s): Non-beneficial interest (under sections 235(1)(c) and
(d) of the Financial Markets Conduct Act 2013) as trustees of the N & T SIVA
FAMILY TRUST (the beneficial owner of the ordinary shares noted below) and a
beneficial interest in those shares as a beneficiary of the N & T SIVA FAMILY
TRUST
For that relevant interest,—
(a) number held in class: 890,000
(b) percentage held in class: 5.98158000
(c) current registered holder(s): Indrajit Nelson Sivasubramaniam, Tracey Lee
Sivasubramaniam and Comac Trustee Limited
(d) registered holder(s) once transfers are registered: Indrajit Nelson
Sivasubramaniam, Tracey Lee Sivasubramaniam and Siva Trustee Limited
For a derivative relevant interest, also—
(a) type of derivative: N/A
(b) details of derivative: N/A
(c) parties to the derivative: N/A
(d) if the substantial product holder is not a party to the derivative, the nature of the
relevant interest in the derivative: N/A

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Additional information
Address(es) of substantial product holder(s): Nelson Siva, Tracey Lee Sivasubramaniam
and Comac Trustee Limited, 1808A, State Highway 1, Marton 4787

Contact details: Nelson Siva, nelson@solutiondynamics.com, 021 415 027
*Nature of connection between substantial product holders: Indrajit Nelson
Sivasubramaniam, Tracey Lee Sivasubramaniam and Comac Trustee Limited as
trustees of the N & T SIVA FAMILY TRUST
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: N/A
*Disclosure has effect for purposes of directors’ and senior managers’ disclosure
Nelson Siva is also a director of Solution Dynamics Limited. This disclosure also
constitutes disclosure for the purposes of the directors’ and senior managers’ disclosure
obligations.
Certification
I, Nelson Siva, 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.