SPH Notice – New Zealand Funds Management Limited

1
Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
To New Zealand Stock Exchange
and
To New Zealand Rural Land Company Limited (NZL)
Date this disclosure made: 30 September 2021
Date last disclosure made: 2 August 2021
Date on which substantial holding ceased: 23 September 2021
Substantial product holder(s) giving disclosure
Full name(s): New Zealand Funds Management Limited (“NZ Funds”) on behalf of itself and its
wholly owned subsidiary New Zealand Funds Superannuation Limited (“NZFSL”).

Summary of previous substantial holding
Class of quoted voting products: Ordinary shares
Summary for
NZ Funds and NZFSL.
For last disclosure,—
(a) total number held in class:
4,152,391
(b) total in class:
78,930,970
(c) total percentage held in class:
5.26%
For current holding after ceasing to have substantial holding,—
(a) total number held in class:
4,152,391
(b) total in class:
96,900,000
(c) total percentage held in class:
4.29%
Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure: Rights Issue Shortfall Placement by
NZL, resulted in Capital Issue by NZL and increase in NZL Total Shares in Class. This resulted in a
dilution of NZ Funds/NZFSL shareholding in NZL, taking it below 5%.
Additional information
Address(es) of substantial product holder(s):
New Zealand Funds Management Limited, Level 16, 21 Queen Street, Auckland, New Zealand.
New Zealand Funds Superannuation Limited, Level 16, 21 Queen Street, Auckland, New Zealand.

Doc ID: 96cb06c5197d30e817252f5b155b1c7beaf3617a

2
Contact details:
Contact person – Helen Jones
Contact number – 09 918-9733
Email – helen.jones@nzfunds.co.nz
Nature of connection between substantial product holders: NZ Funds and NZFSL 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: N/a
Certification
I, Michael Lang, 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.

Signature: ___________________
Michael Lang
Director
Date: 30 September 2021
Doc ID: 96cb06c5197d30e817252f5b155b1c7beaf3617a

Audit Trail
Title

File Name

Document ID

Audit Trail Date Format

Status
NZXS notification on ceasing to be a substantial holder
NZ Rural Land SSH...0.09.21 FINAL.pdf
96cb06c5197d30e817252f5b155b1c7beaf3617a
DD / MM / YYYY
Completed
30 / 09 / 2021
12:13:18 UTC+13
Sent for signature to Michael (michael.lang@nzfunds.co.nz)
from legal@nzfunds.co.nz
IP: 101.98.203.151
30 / 09 / 2021
12:48:35 UTC+13
Viewed by Michael (michael.lang@nzfunds.co.nz)
IP: 122.60.167.9
30 / 09 / 2021
12:48:51 UTC+13
Signed by Michael (michael.lang@nzfunds.co.nz)
IP: 122.60.167.9
The document has been completed.
30 / 09 / 2021
12:48:51 UTC+13