SPH Notice – Harbour Asset Mgmt Ltd & Jarden Securities Ltd

041898866/4160825.2
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 Scales Corporation Limited (SCL)
Relevant event being disclosed:
Disclosure of movement of 1% or more in
substantial holding
Date of relevant event: 12 May 2020
Date this disclosure made: 13 May 2020
Date last disclosure made: 23 December 2019

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

Includes details for related body corporate:
Jarden Securities Limited

Summary of substantial holding
Harbour Asset Management Limited:
Class of quoted voting products:
Ordinary shares (Shares)
Summary for: Harbour Asset Management Limited only
For this
disclosure -
(a) total number held in
class:
12,248,661
(b) total in class:
141,880,895
(c) total percentage held
in class:
8.633%
For last
disclosure -
(a) total number held in
class:
10,631,168
(b) total in class: 141,579,238
(c) total percentage held
in class:
7.509%

041898866/4160825.2
Summary of substantial holding
Related Body Corporate:
Class of quoted voting products:
Ordinary shares (Shares)
Summary for: Jarden Securities Limited - DIMS service holdings
For this
disclosure -
(a) total number held in
class:

3,073,839
(b) total in class:
141,880,895
(c) total percentage held
in class:
2.167%
For last
disclosure -
(a) total number held in
class:
3,383,833

(b) total in class: 141,579,238
(c) total percentage held
in class:
2.390%

Summary of substantial holding
Including All Related Bodies Corporate:
Class of quoted voting products:
Ordinary shares (Shares)
Summary for: Harbour Asset Management Limited and
Jarden Securities Limited
For this
disclosure -
(a) total number held in
class:

15,332,500
(b) total in class:
141,880,895
(c) total percentage held
in class:
10.800%
For last
disclosure -
(a) total number held in
class:
14,015,112

(b) total in class: 141,579,238
(c) total percentage held
in class:
9.899%

041898866/4160825.2
Details of transactions and events giving rise to relevant event:
Details of on-market purchases, on-market sales, and other off-market movements in relevant interests of the related bodies corporate since
the last relevant event on 19 December 2019, as summarised in the table below:
Details for: Harbour Asset Management Limited Jarden Securities Limited (DIMS)
Nature of relevant
interest(s):
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.
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.
On-market purchases –
number of shares

2,275,594

376,452
On-market purchases -
Gross Consideration

$9,887,593

$1,730,676
On-market sales –
number of shares

658,101

699,692
On-market sales-
Gross Consideration

$3,053,405

$2,994,201
Transfers into DIMS Service

N/A

13,246
Transfers into DIMS Service
– Gross Consideration

N/A

N/A

041898866/4160825.2
Details after relevant event:

Details for:
Harbour Asset Management Limited Jarden Securities Limited (DIMS)
Nature of relevant
interest(s):
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.

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.
Number held in class after
the relevant event:

12,248,661

3,073,839
Percentage held in class
8.633%

2.167%
Current registered holder of
financial products:
Various nominees or custodians for and on behalf
of Harbour Asset Management Limited & unknown
FNZ Custodians Limited (as sub-custodian of Jarden
Custodial Services Limited) & unknown
Registered holder of
financial products once
transfer is registered:
Various nominees or custodians for and on behalf
of Harbour Asset Management Limited
FNZ Custodians Limited (as sub-custodian of Jarden
Custodial Services Limited)

041898866/4160825.2

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