D&O Ongoing Disclosure Notice

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer:
New Zealand Rural Land Company Limited (NZL)
Date this disclosure made:
1/03/2022
Date of last disclosure:
3/11/2021
Director or senior manager giving disclosure
Full name(s):
Christopher Grant Swasbrook
Name of listed issuer:
New Zealand Rural Land Company Limited
Name of related body corporate (if applicable):
N/A
Position held in listed issuer:
Director
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Ordinary Shares
Nature of the affected relevant interest(s):
Power to control acquisition, disposal or voting on behalf of beneficial owner
For that relevant interest-
Number held in class before acquisition or disposal:
1,510,000
Number held in class after acquisition or disposal:
1,560,000
Current registered holder(s):
Public Trust Class 10 Nominees Limited
Registered holder(s) once transfers are registered:
Unknown
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates: 1
Details of transactions requiring disclosure-
Date of transaction:1/03/2022
Nature of transaction:
The director is the majority shareholder and director of fund management firm, Elevation
Capital Management Limited (ECML). ECML has a legal and beneficial interest in certain
NZL shares. In addition ECML has certain powers (which give rise to a relevant interest) in
NZL shares that are beneficially owned by certain ECML clients via PT Class 10 Nominess
Limited (as Custodian). One such ECML client has undertaken on-market purchase of
additional NZL shares (50,000) on 1 March 2022 and constitutes the transaction giving rise to
this disclosure.
Name of any other party or parties to the transaction (if known):Unknown
The consideration, expressed in New Zealand dollars, paid or received for the acquisition or
disposal. If the consideration was not in cash and cannot be readily by converted into a cash
value, describe the consideration:NZ$ 58,500 / $1.17 per share
Number of financial products to which the transaction related: 50,000 shares (in aggregate)
If the issuer has a financial products trading policy that prohibits directors or senior managers
from trading during any period without written clearance (a closed period) include the following
details—
Whether relevant interests were acquired or disposed of during a closed period:No
Whether prior written clearance was provided to allow the acquisition or disposal to proceed
during the closed period:
N/A
Date of the prior written clearance (if any):
N/A
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products:Ordinary shares
Nature of relevant interest:
Legally and beneficially owned but subject to trading restrictions under a restricted security
deed
For that relevant interest,-
Number held in class:
191,922
Current registered holder(s):Elevation Capital Management Limited
Class of quoted financial products:Ordinary shares
Nature of relevant interest:
Beneficially owned
For that relevant interest,-
Number held in class:133,078
Current registered holder(s):Elevation Capital Management Limited
Class of quoted financial products:Ordinary shares
Nature of relevant interest:Power to control acquisition, disposal or voting on behalf of beneficial owner
For that relevant interest,-
Number held in class:1,560,000
Current registered holder(s):Public Trust Class 10 Nominees Limited
Certification
I, 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 of director or officer:
Christopher Swasbrook.
Date of signature:1-Mar-22
or
Signature of person authorised to sign on behalf of director or officer:
Date of signature:
Name and title of authorised person: