SPH Notice – Forager Funds Management Pty Limited

Forager Funds Management P: +61 (0) 2 8277 4812
Level 29, 85 Castlereagh St W foragerfunds.com
Sydney, NSW, 2000
Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
To: NZX and ASX
and
To: NZME Limited (NZM)
Date this disclosure made: 16 / 03 / 2021
Date last disclosure made: 05 / 02 /2021
Date on which substantial holding ceased: 12 / 03 / 2021
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 last disclosure, —
(a) total number held in class: 10,581,967
(b) total in class: 197,570,061
(c) total percentage held in class: 5.36%
For current holding after ceasing to have substantial holding, —
(a) total number held in class: 9,530,249
(b) total in class: 197,570,061
(c) total percentage held in class: 4.82%
Details of transactions and events giving rise to relevant event
Holder of relevant
interest
Transaction
Type
Period Shares Consideration
Forager Funds
Management Pty
Ltd
On Market Sale 2/03/2021 to 15/03/2021 1,051,718 AU $886,140.02

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

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.

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 9,530,249
fully paid ordinary
shares and/or
dispose of the
securities as
investment
manager of the
Forager Australian
Shares Fund
9,530,249
ordinary shares
4.82%

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: Patrick Bergin

Email: patrick.bergin@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