RAKON (RAK) Substantial Holder sell down

Rakon Limited
T +64 9 573 5554
8 Sylvia Park Road, Mt Wellington, Auckland 1060, New Zealand
Private Bag 99943, Newmarket, Auckland 1149, New Zealand
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26 July 2021

Rakon (RAK) Substantial Holder sell down
Rakon confirms advice from substantial shareholder Siward Crystal Technology Co., Limited (Siward)
that Siward has reduced its holding in Rakon Limited from 16.6% to 12.23%. Siward advises it has
made an off market sale via a broker of 10,000,000 shares to various unknown purchasers with
settlement due to occur on 27 July 2021.
Siward Chairman and Rakon Director Tony Tseng has advised the Board of Directors of Rakon
Limited that Siward has no plan for another sell down and remains a long term investor and
technology partner of Rakon.
Rakon is pleased to welcome the new investors.
ends-

Contact:
Maureen Shaddick
Company Secretary
Rakon Limited
+64 9 571 9238
www.rakon.com


About Rakon
Rakon is a global high technology company and a world leader in its field. The company designs and
manufactures advanced frequency control and timing solutions. Its three core markets are
Telecommunications, Positioning and Space and Defence. Rakon products are found at the forefront of
communications where speed and reliability are paramount. The company’s products create extremely
accurate electric signals which are used to generate radio waves and synchronise time in the most demanding
communication applications. Rakon has three manufacturing plants, and has six research and development
centres. Customer support personnel are located in sixteen offices worldwide. Rakon is proud of its New
Zealand heritage; it was founded in Auckland in 1967. It is a public company listed on the New Zealand stock
exchange, NZX, ticker code RAK.