SPH Notice – New Zealand Rugby Union Incorporated

1
Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
To NZX Limited
and
To Sky Network Television Limited (Sky)
Date this disclosure made: 3 June 2020
Date last disclosure made: 1 November 2019
Date on which substantial holding ceased: 2 June 2020
Substantial product holder(s) giving disclosure
Full name(s): New Zealand Rugby Union Incorporated (NZRU)
Summary of previous substantial holding
Class of quoted voting products: Ordinary shares in Sky
Summary for NZRU
For last disclosure,—
(a) total number held in class: 21,801,325
(b) total in class: 436,026,518
(c) total percentage held in class: 5.000%*
*(actual value was less than 5% on an absolute basis but, when rounded to 3 decimal places, was 5.000%)
For current holding after ceasing to have substantial holding,—
(a) total number held in class: 21,801,325
(b) total in class: 1,434,855,609
(c) total percentage held in class: 1.519%
Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure: Completion of a $9.1
million placement and the $110.1 million institutional component of a pro-rata accelerated
entitlement offer by Sky, resulting in a dilution of NZRU’s shareholding in Sky.
Additional information
Address(es) of substantial product holder(s): Level 4, 100 Molesworth Street, Thorndon,
Wellington, New Zealand
Contact details: Keith Binnie, +64 27 471 7308, Keith.Binnie@nzrugby.co.nz

2
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, Keith Binnie, 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.