SPH Notice – Investment Services Group Limited

Disclosure of ceasing to have substantial holding
Section 276, Financial Markets Conduct Act 2013
Note: This form must be completed in accordance with the instructions at the end of the
form.
To NZX
and
To Freightways Limited

Date this disclosure made: 09/02/2021
Date last disclosure made: 03/06/2020
Date on which substantial holding ceased: 05/02/2021
Substantial product holder(s) giving disclosure
Full name(s): Investment Services Group Limited (formerly Devon Funds Group
Limited)
Summary of substantial holding
Class of quoted voting products: Ordinary Shares
Summary for Investment Services Group Limited
For last disclosure, —
(a) total number held in class: 9,451,348

(b) total in class: 165,413,104

(c) total percentage held in class: 5.71%
Details of relevant interests
Devon Funds Management Limited and Clarity Funds Management Limited are subsidiaries
of Investment Services Group Limited.
Details for Devon Funds Management Limited
Nature of relevant interest(s): Related party of Investment Services Group
Limited
For that relevant interest, —
Summary for Devon Funds Management Limited
(a) total number held in class: 9,224,562

(b) total in class: 165,413,104

(c) total percentage held in class: 5.58%












Details for Clarity Funds Management Limited
Nature of relevant interest(s): Related party of Investment Services Group
Limited.
For that relevant interest, —
Summary for Clarity Funds Management Limited
(a) total number held in class: 226,786

(b) total in class: 165,413,104
(c) total percentage held in class: 0.14%



For current holding after ceasing to have substantial holding, -
Summary for Investment Services Group Limited
(a) total number held in class: 8,180,333

(b) total in class: 165,538,104
CUSTODIANUNITS
BNP for wholesale clients127,413
CITI for private client276,230
BNP for private client715,399
BNP for private client1,293,879
BNP for private client87,540
MMC for private client552,326
BNP for private client119,121
CITI for private client1,010,189
JPM for private client423,904
Northern for private client1,938,591
JPM for private client246,298
Public Trust for private client440,663
BNP for wholesale clients202,897
BNP for retails clients273,667
BNP for wholesale clients444,664
JPM for private client115,274
CITI for private client956,507
CLARITYUNITS
BNP for retails clients7,538
BNP for retails clients219,248

(c) total percentage held in class: 4.94%
Details of relevant interests
Details for Devon Funds Management Limited
Nature of relevant interest(s): Related party of Investment Services Group
Limited
For that relevant interest, —
Summary for Devon Funds Management Limited
(a) total number held in class: 7,841,461

(b) total in class: 165,538,104

(c) total percentage held in class: 4.74%














Details for Clarity Funds Management Limited
Nature of relevant interest(s): Related party of Investment Services Group
Limited.
CUSTODIANUNITS
BNP for wholesale clients60,341
BNP for retails clients519,211
BNP for wholesale clients99,357
CITI for private client204,287
BNP for private client644,770
BNP for private client949,778
BNP for private client84,415
MMC for private client427,413
BNP for private client101,290
CITI for private client831,329
JPM for private client330,245
Northern for private client1,577,419
JPM for private client204,280
Public Trust for private client379,380
BNP for wholesale clients175,876
BNP for retails clients156,593
BNP for wholesale clients269,706
JPM for private client85,465
CITI for private client740,306

For that relevant interest, —
Summary for Clarity Funds Management Limited
(a) total number held in class: 338,872

(b) total in class: 165,538,104
(c) total percentage held in class: 0.20%





Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure:
Transaction in four months from 09/10/2020- 09/02/2021
Transaction Type Volume
Consideration Paid Consideration Received
Sales 2,219,544
$21,138,819.62
Purchases 294,857
$2,780,950.26


Additional information
Address(es) of substantial product holder(s): Investment Services Group Limited,
Level 10, 2 Commerce Street, Auckland 1010
Contact details: Snigdha Arun | P: 09 925 3982 | E: sarun@devonfunds.co.nz
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: Devon Funds Management Limited
Certification
I, Snigdha Arun, 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.
CLARITYUNITS
BNP for retails clients318,915
BNP for retails clients19,957