SPH Notice – Forager Funds Management Pty Ltd

Forager Funds Management P: +61 (0) 2 8277 4812
Level 29, 85 Castlereagh St W foragerfunds.com
Sydney, NSW, 2000





Disclosure of movement of 1% or more in substantial holding or change in nature of relevant
interest, or both
Sections 277 and 278, Financial Conducts Act 2013

To: NZX and ASX
and
To: NZME Limited (NZM)

Relevant event being disclosed: Disclosure of movement of 1% or more in substantial holding

Relevant date event: 25 / 01 / 2021

Date this disclosure made: 27 / 01 / 2021

Date last disclosure made: 23 / 01 / 2020

Substantial product holder(s) giving disclosure
Full name(s): Forager Funds Management Pty Ltd

Summary of substantial holding
Class of quoted voting products: Ordinary Shares

Summary for Forager Funds Management Pty Ltd
For this disclosure, —
(a) total number held in class: 12,775,175
(b) total in class: 197,570,061
(c) total percentage held in class: 6.47%
For last disclosure, —
(a) total number held in class: 15,088,976
(b) total in class: 196,555,998
(c) total percentage held in class: 7.68%
Details of transactions and events giving rise to relevant event
Holder of
relevant
interest
Nature of
change
Date Consideration given
in relation to change
Class and number of securities
affected
Person’s votes
affected


Forager
Funds
Management
Pty Ltd
On Market
purchase
03/03/2020 $656,869.84 1,899,791 ordinary shares 1,899,791
On Market
sale
11/11/2020 $379,050.00 500,000 ordinary shares 500,000
22/01/2021 $515,191.94 691,595 ordinary shares 691,595
22/01/2021 $1,170,068.42 1,569,232 ordinary shares 1,569,232
25/01/2021 $1,088,298.95 1,452,765 ordinary shares 1,452,765


Details after relevant event
Details for Forager Funds Management Pty Ltd.

Nature of relevant interest(s): Forager Funds Management Pty Ltd in its capacity as investment manager has the
power to control voting and / or disposal of securities.

Forager Funds Management P: +61 (0) 2 8277 4812
Level 29, 85 Castlereagh St W foragerfunds.com
Sydney, NSW, 2000

For that relevant interest:

Holder of
relevant interest
Registered
holder of
securities
Person entitled to
be registered as
holder
Nature of
relevant interest
Class and
number of
securities
Person’s votes
Forager Funds
Management Pty
Ltd
JP Morgan
Nominees
Australia Limited
as custodian of
the Forager
Australian
Shares Fund
ARSN 139 641
491
The Trust
Company (RE
Services) Limited
as responsible
entity of the
Forager
Australian
Shares Fund
ARSN 139 641
491
Power to (or to
control) exercise
vote on
12,775,175 fully
paid ordinary
shares and/or
dispose of the
securities as
investment
manager of the
Forager
Australian
Shares Fund
12,775,175
ordinary
shares
6.47%

For a derivative relevant interest,— N/A

Additional information
Address(es) of substantial product holder(s): Forager Funds Management Pty Ltd

Address: Level 29, 85 Castlereagh Street, Sydney, NSW, Australia, 2000

Contact Details: Alex Shevelev

Email: Alex.Shevelev@foragerfunds.com

*Nature of connection between substantial product holders: N/A

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: N/A

*Disclosure has effect for purposes of directors’ and senior managers’ disclosure. Steve Johnson is also a Director of
Forager Funds Management Pty Ltd. This disclosure also constitutes disclosure for the purposes of the directors’
and senior managers’ disclosure obligations.

*Omit if inapplicable (see section 302 of the Financial Markets Conduct Act 2013).

Certification
I, Steve Johnson, 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.





Steven Johnson
Director