SPH Notice – Harbour Asset Mgmt Ltd & Jarden Securities Ltd

041898866/4160982.2
Disclosure of ceasing to have substantial holding

Sections 279, Financial Markets Conduct Act 2013
To NZX Limited
and
To Freightways Limited (FRE)
Date this disclosure made: 31 July 2020
Date last disclosure made: 17 April 2020
Date on which substantial holding ceased: 16 July 2020

Substantial product holder(s) giving disclosure
Full name(s): Harbour Asset Management Limited and
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 last disclosure (a) total number held in
class:
4,122,688
(b) total in class:
165,413,104
(c) total percentage held in
class:
2.492%
For current holding
after ceasing to
have a substantial
holding
(a) total number held in
class:
2,995,936
(b) total in class: 165,413,104
(c) total percentage held in
class:
1.811%

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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
For last disclosure (a) total number held in
class:
4,658,560
(Jarden Securities Limited DIMS service holdings
only)
(b) total in class:
165,413,104
(c) total percentage held
in class:
2.817%
For current holding
after ceasing to
have a substantial
holding
(a) total number held in
class:
5,260,101
(includes DIMS service holdings)
(b) total in class: 165,413,104
(c) total percentage held
in class:
3.180%

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 last disclosure (a) total number held in
class:
8,781,248
(b) total in class:
165,413,104
(c) total percentage
held in class:
5.309%
For current holding
after ceasing to
have a substantial
holding
(a) total number held in
class:
8,256,037
(b) total in class: 165,413,104
(c) total percentage
held in class:
4.991%

041898866/4160982.2
Details of transactions and events giving rise to relevant event:
The transactions/events giving rise to this disclosure obligation are on-market trades and transfers in/out of DIMS service by the related
bodies corporate since the last relevant event on 15 April 2020, as summarised in the table below:
Details for: Harbour Asset Management Limited Jarden Securities 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.
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.
On-market
purchases –
number of
shares
1,083,850 836,520 577,937
On-market
purchases –
Gross
Consideration
$7,459,211 $5,774,352 $4,028,852
On-market
sales – number
of shares
2,210,602 793,012 65,671
On-market
sales – Gross
Consideration
$15,655,548 $5,525,595 $451,853
Net Transfers
Into DIMS
Service
N/A
N/A
45,767

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.