SPH Notice – Harbour Asset Mgmt Ltd & Jarden Securities Ltd

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Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013

To NZX Limited
and
To Freightways Limited (FRE)
Date this disclosure made: 17 April 2020
Date on which substantial
holding began:
15 April 2020

Substantial product holder(s) giving disclosure
Full name(s): Jarden Securities Limited and
Harbour Asset Management Limited

Summary of substantial holding

Jarden Securities Limited:
Class of quoted voting
products:
Ordinary shares (Shares)
Summary for: Jarden Securities Limited

For this
disclosure -
(a) total
number held
in class:

4,658,560
(being Jarden Securities Limited’s DIMS clients’
relevant interest – see “Details of Relevant
Interests” below for further information)

(b) total in
class:
165,413,104
(c) total
percentage
held in class:
2.817%

041898866/4161889.1
Summary of substantial holding

Harbour Asset Management Limited:
Class of quoted voting
products:
Ordinary shares (Shares)
Summary for: Harbour Asset Management Limited

For this
disclosure -
(a) total
number held
in class:
4,122,688
(b) total in
class:
165,413,104
(c) total
percentage
held in class:
2.492%


Summary of substantial holdings

Including All Related Bodies Corporate:

Class of quoted voting
products:
Ordinary shares (Shares)
Summary for: Jarden Securities Limited and
Harbour Asset Management Limited

For this
disclosure -
(a) total
number held
in class:
8,781,248
(b) total in
class:
165,413,104
(c) total
percentage
held in class:
5.309%

041898866/4161889.1
Details of Relevant Interests:
Details for: Jarden Securities Limited Harbour Asset Management Limited
Nature of relevant
interest(s):
Jarden Securities Limited has, as provider of
discretionary investment management services
(DIMS) under various investment management
agreements with clients (the beneficial owners of
the product), the power to exercise (or control the
exercise of) a right to vote attached to, and power
to acquire or dispose of (or control the acquisition
or disposal of), the Shares
Harbour Asset Management Limited has, as fund manager,
the power to exercise (or control the exercise of) a right to
vote attached to, and power to acquire or dispose of (or
control the acquisition or disposal of), the Shares, under
investment powers contained in investment management
agreements with clients (the beneficial owners of the
product) or managed fund trust deeds.
Number held in
class:
4,658,560 4,122,688
Percentage held in
class:
2.817% 2.492%
Current registered
holder of financial
products:
FNZ Custodians Limited (as sub-custodian of Jarden
Custodial Services Limited)
Various nominees or custodians for and on behalf of
Harbour Asset Management Limited and unknown
Registered holder
of financial
products once
transfer is
registered:
FNZ Custodians Limited (as sub-custodian of Jarden
Custodial Services Limited)
Various nominees or custodians for and on behalf of
Harbour Asset Management Limited

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Details of Transactions and Events Giving Rise to Relevant Event:
Details of purchases, sales and other movements for each of the above relevant interests during the 4 months from 15 December 2019
to 15 April 2020 inclusive:
Details for: Jarden Securities Limited (DIMS) Harbour Asset Management Limited
On-market purchases – number of shares
714,251 3,326,945
On-market purchases – gross consideration
$5,153,002 $19,278,096
On-market sales – number of shares
155,373 196,254
On-market sales – gross consideration
$1,110,732
$1,670,581
Dividend Reinvestment Plan – shares taken up 1/4/20
3,773
Nil
Dividend Reinvestment Plan – gross consideration
$20,261
Nil
Net Transfers into DIMS Service
26,944
N/A
Net Transfers into DIMS Service – gross consideration
N/A
N/A

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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:
Harbour Asset Management Limited and Jarden
Securities 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.