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 Sanford Limited (SAN)
Relevant event being disclosed:
Disclosure of movement of 1% or more in
substantial holding
Date of relevant event: 25 June 2020
Date this disclosure made: 26 June 2020
Date last disclosure made: 26 August 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:
6,365,084
(b) total in class:
93,506,137
(c) total percentage held
in class:
6.807%
For last
disclosure -
(a) total number held in
class:
7,321,752
(b) total in class: 93,506,137
(c) total percentage held
in class:
7.830%

041898866/4160982.2
Summary of substantial holding
Related Body Corporate:
Jarden Securities Limited
Class of quoted voting products:
Ordinary shares (Shares)
Summary for: Jarden Securities Limited only
For this
disclosure -
(a) total number held in
class:
1,163,606
(Jarden Securities Limited (DIMS) holdings - see ‘Details
of transactions and events giving rise to relevant event’
below for further information)
(b) total in class:
93,506,137
(c) total percentage held
in class:
1.244%
For last
disclosure -
(a) total number held in
class:
N/A

(b) total in class: N/A
(c) total percentage held
in class:
N/A

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:
7,528,690
(b) total in class:
93,506,137
(c) total percentage held
in class:
8.051%
For last
disclosure -
(a) total number held in
class:
7,321,752
(b) total in class: 93,506,137
(c) total percentage held
in class:
7.830%

041898866/4160982.2
Details of transactions and events giving rise to relevant event:
The transactions/events giving rise to this disclosure obligation are:
• following a review of the substantial product holder disclosure methodologies and practices for Jarden Partners Limited and its related
bodies corporate, this disclosure now includes the relevant interest arising under the investment management agreements that Jarden
Securities Limited is a party to for the purposes of providing discretionary investment management services (DIMS) to its clients (this
relevant interest was not included in the last disclosure made on 26 August 2019); and
On-market trades and transfers into DIMS service, summarised in the table below, for the period from the previous relevant event date to the
current relevant event date (23 August 2019 to 25 June 2020):
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 Share.
On-market purchases –
number of shares
720,747
242,790
On-market purchases – Gross
Consideration
$5,077,275 1,680,265
On-market sales – number of
shares
1,677,415 155,829
On-market sales – Gross
Consideration
$11,669,876 $1,065,116
Transfers into DIMS Service
N/A 36,990

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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.

For that relevant interest

Number held in class after the
relevant event:
6,365,084 1,163,606
Percentage held in class 6.807% 1.244%
Current registered holder of
financial products:
Various nominees or custodians for and on behalf
of Harbour Asset Management Limited
FNZ Custodians Limited (as sub-custodian of
Jarden Custodial Services Limited)
Registered holder of financial
products once transfer is
registered:
Various nominees or custodians for and on behalf
of Harbour Asset Management Limited and
unknown
FNZ Custodians Limited (as sub-custodian of
Jarden Custodial Services Limited)

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 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.