SPH Notice – H&G Limited

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Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
To: NZX Limited.

And: PGG Wrightson Limited.
Date this disclosure made: 17 April 2020.
Date last disclosure made: 20 August 2019
Date on which substantial holding ceased: 17 April 2020.
Substantial product holder(s) giving disclosure
Full name: H&G Limited.
Summary of previous substantial holding
Class of quoted voting products: Ordinary shares (PGW).
Summary for H&G Limited
For last disclosure -
(a) total number held in class: 4,849,468
(b) total in class: 75,484,083
(c) total percentage held in class: 6.424%
For current holding after ceasing to have substantial holding -
(a) total number held in class: 2,006,732
(b) total in class: 75,484,083
(c) total percentage held in class: 2.658%
Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure:
Rural Equities Limited (REL) sold 3,158,313 ordinary shares in PGW on the NZX on 17 April
2020 for $2.75 per share – total proceeds $8,685,361. H&G Limited is deemed to have
had a relevant interest in REL’s share as it is the legal and beneficial owner of more than
20% of the shares in REL
Additional information
Address(es) of substantial product holder(s): C/- Rural Equities Limited, First Floor, 120
Karamu Road North (PO Box 783), Hastings.

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Contact details: James Wright, Rural Equities Limited, First Floor, 120 Karamu Road North
(P O Box 783), Hastings. Email – enquiries@ruralequities.co.nz. Phone - + 64 6 870 4672.
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: Nil.
Disclosure has effect for purposes of directors’ and senior managers’ disclosure
David Cushing, a director and shareholder of H&G Limited, is also a director of PGW. This
disclosure also constitutes disclosure for the purposes of the directors’ and senior managers’
disclosure obligations.
Declaration
I, James Richard Wright, 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.