SPH Notice – Harbour Asset Mgmt Ltd & Jarden Securities Ltd

041898866/4160982.2
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 Kathmandu Holdings Limited (KMD)
Relevant event being disclosed:
Disclosure of movement of 1% or more in
substantial holding
Date of relevant event: 9 June 2020
Date this disclosure made: 11 June 2020
Date last disclosure made: 21 May 2020

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

Includes details for related body corporates:
Jarden Securities Limited
Jarden Scientific Trading 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:

50,329,611
(b) total in class:
709,001,384
(c) total percentage held
in class:
7.099%
For last
disclosure -
(a) total number held in
class:

58,605,619
(b) total in class: 709,001,384
(c) total percentage held
in class:
8.266%

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Summary of substantial holding
Related Body Corporate:
Jarden Securities Limited:
Class of quoted voting products:
Ordinary shares (Shares)
Summary for: Jarden Securities Limited
(includes Jarden Securities Limited (DIMS) holdings)
For this
disclosure -
(a) total number held in
class:
7,069,820
(b) total in class:
709,001,384
(c) total percentage held
in class:
0.997%
For last
disclosure -
(a) total number held in
class:
7,731,280
(b) total in class: 709,001,384
(c) total percentage held
in class:
1.090%

Summary of substantial holding
Related Body Corporate:
Jarden Scientific Trading Limited:
Class of quoted voting products:
Ordinary shares (Shares)
Summary for: Jarden Scientific Trading Limited
For this
disclosure -
(a) total number held in
class:

15,000
(b) total in class:
709,001,384
(c) total percentage held
in class:
0.002%
For last
disclosure -
(a) total number held in
class:
nil
(b) total in class: 709,001,384
(c) total percentage held
in class:
nil

041898866/4160982.2


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
Jarden Scientific Trading Limited
For this disclosure- (a) total number held in
class:

57,414,431

(b) total in class:
709,001,384
(c) total percentage held in
class:
8.098%
For last disclosure- (a) total number held in
class:
66,336,899
(b) total in class: 709,001,384
(c) total percentage held in
class:
9.356%

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Details of transactions and events giving rise to relevant event:
Details of the transactions or other events requiring disclosure:
The transactions/events giving rise to this disclosure obligation are on-market sell trades by Harbour Asset Management Limited since the last
disclosure of 19 May 2020, as summarised in the table below.
The movements in holdings of Jarden Securities Limited and Jarden Scientific Trading Limited, related body corporates of Harbour Asset
Management Limited, since the last disclosure of 19 May 2020 are also summarised in the table below.
Details for:
Harbour Asset Management
Limited
Jarden Securities Limited
Jarden Securities Limited
(DIMS)
Jarden Scientific Trading
Limited
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.

As beneficial owner,
through normal on-market
trading activity, with 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
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 Share.
Jarden Scientific Trading
Limited is both registered
holder and beneficial
owner of derivatives and
is treated as having a
relevant interest in the
underlying quoted product
under an equity swap
agreement that Jarden
Scientific Trading Limited
has in place with a Prime
Broker.
On-market
purchases –
number of
shares

Nil

9,202,734

525,778

N/A
On-market
purchases –
Gross
Consideration

Nil

$10,306,692

$552,250

N/A

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Transfers into
DIMS Service


N/A

N/A

24,750

N/A
On-market
sales – number
of shares

8,276,008

9,728,938

685,784

N/A
On-market
sales – Gross
Consideration

$9,440,015

$10,983,247

$761,677

N/A
Long exposure
to KMD opened
under equity
swap
agreement

N/A

N/A

N/A

15,000

041898866/4160982.2

Details after relevant event:
Details for:
Harbour Asset Management
Limited
Jarden Securities Limited
Jarden Securities Limited
(DIMS)
Jarden Scientific Trading
Limited
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.
As beneficial owner, through
normal on-market trading
activity, with 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
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 Share.
Jarden Scientific Trading
Limited is both registered
holder and beneficial
owner of derivatives and
is treated as having a
relevant interest in the
underlying quoted product
under an equity swap
agreement that Jarden
Scientific Trading Limited
has in place with a Prime
Broker.
For that relevant interest,


Number held in
class after the
relevant event:

50,329,611
Uncovered short position of:
25,000

7,094,820

15,000
Percentage held
in class
7.099% -0.003% 1.000% 0.002%
Current
registered
holder of
financial
products:
Various nominees or
custodians for and on behalf
of Harbour Asset
Management Limited
Jarden Securities Limited and
unknown
FNZ Custodians Limited (as
sub-custodian of Jarden
Custodial Services Limited)
and unknown
Unknown

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Registered
holder of
financial
products once
transfer is
registered:
Various nominees or
custodians for and on behalf
of Harbour Asset
Management Limited and
unknown
Jarden Securities Limited and
unknown
FNZ Custodians Limited (as
sub-custodian of Jarden
Custodial Services Limited)
Unknown
Type of
derivative:
N/A N/A N/A Equity Swap
Details of
derivative:
N/A N/A N/a
Notional number of
underlying physical
product: 15,000 Shares
Settlement: cash-settled
Maturity date of the
derivative: No maturity
date, open ended until
unwind
Expiry date of the
derivative:
No expiry date, open
ended until unwind
Price specified in the
terms of the derivative:
Set at execution price of
underlying physical
product

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Parties to the
derivative:
N/A N/A N/A
Jarden Scientific Trading
Limited and a Prime
Broker under ISDA 2002
Master Agreement
If the
substantial
product holder
is not a party to
the derivative,
the nature of
the relevant
interest in the
derivative:
N/A N/A N/A N/A

041898866/4160982.2

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:
Harbour Asset Management Limited, Jarden Securities
Limited and Jarden Scientific Trading 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.