SPH Notice – Salt Funds Management Limited

100080615/3821107.1 1
Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
To NZX Ltd
and
To Scales Corporation Limited
Date this disclosure made: 25 March 2020
Date last disclosure made: 20 March 2020
Date on which substantial holding ceased: 20 March 2020
Substantial product holder(s) giving disclosure
Full name(s): Salt Funds Management Limited
Summary of previous substantial holding
Class of quoted voting products: Scales Corporation Limited Ordinary Shares (SCL)
Summary for Salt Funds Management Limited
For last disclosure,—
(a) total number held in class: 7,091,845
(b) total in class: 141,579,238
(c) total percentage held in class: 5.009%
For current holding after ceasing to have substantial holding,—
(a) total number held in class: 6,888,952
(b) total in class: 141,579,238
(c) total percentage held in class: 4.866%
Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure:
Transaction Type Period Shares/Units Consideration
On-market purchases 19/03/2020 20,107 $(71,571.99)
On-market sale
18/03/2020 –
20/03/2020
(223,000) $ 849,535.88

(202,893)

100080615/3821107.1 2

Additional information
Address(es) of substantial product holder(s):
Level 3, The Imperial Buildings
44 Queen Street
Auckland 1050
Contact details:
Kate Allen, Telephone: 09 869 7278, Email: kate.allen@saltfunds.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, Kate Allen, 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.