SPH Notice – Harbour Asset Management Limited

100080615/3821107.1 1
Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013

To NZX Limited
and
To Sanford Limited (SAN)
Date this disclosure made: 10 November 2020
Date last disclosure made: 7 October 2020
Date on which substantial
holding ceased:
6 November 2020

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

While the Ceasing to Hold Disclosure relates to Harbour Asset
Management Limited alone, this Notice also includes
information for related body corporate Jarden Securities
Limited

Summary of substantial holding

Harbour Asset Management:
Class of quoted voting products:
Ordinary Shares
(Shares)
Summary for: Harbour Asset Management Limited
For last
disclosure -
(a) total number held in class:
5,626,594
(b) total in class:
93,506,137
(c) total percentage held in class: 6.017%
For current
holding
after
ceasing to
have a
substantial
holding -
(a) total number held in class:
4,165,665
(b) total in class:
93,506,137
(c) total percentage held in class: 4.455%

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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
services holdings)
For last disclosure (a) total number held in class: 885,445
(b) total in class: 93,506,137
(c) total percentage held in
class:
0.947%
For current holding
after ceasing to
have a substantial
holding
(a) total number held in class: 657,520
(b) total in class: 93,506,137
(c) total percentage held in
class:
0.703%

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: 6,512,039
(b) total in class: 93,506,137
(c) total percentage held in class: 6.964%
For current holding
after ceasing to
have a substantial
holding
(a) total number held in class: 4,823,185
(b) total in class: 93,506,137
(c) total percentage held in class: 5.158%

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Details of transactions and events giving rise to ceasing of substantial holding:
The transactions giving rise to this disclosure obligation are on-market sales by Harbour Asset Management Limited since the last relevant
event on 6 October 2020.
Additionally, on-market purchases, on-market sales and transfers into DIMS service of related body corporate, Jarden Securities Limited, over
the same period are summarised in the table below:
Details for: Harbour Asset Management Limited Jarden Securities Limited (DIMS) Jarden Securities Limited
Nature of relevant
interest(s):
Harbour Asset Management Limited
has, 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
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
On-market
purchases –
number of shares
Nil 2,000 63,156
On-market
purchases – Gross
Consideration
Nil $11,400 $321,253
On-market sales –
number of shares
1,460,929 125,553 140,879
On-market sales –
Gross
Consideration
$7,478,085 $659,483 $780,377
Return of borrowed
stock
N/A N/A 69,000
Transfers into DIMS
service
N/A 42,351 N/A

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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.