SPH Notice – Forsyth Barr Investment Management Ltd

1

D isclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
To : NZX Limited
and
To:
Vulcan Steel Limited
Date this disclosure made: 4 March 2022
Date on which substantial holding began: 4 February 2022
S ubstantial product holder(s) giving
disclosure:

Forsyth Barr Investment Management
Limited (F BIM)

S ummary of substantial holding
Class of quoted voting products: Vulcan Steel Limited Ordinary Shares
Summary for FBIM
For this disclosure,—
(a) total number held in class: 6,589,114
(b) total in class: 131,408,572
(c) total percentage held in class:

5.014%
D e tails of relevant interests
Details for FBIM
Nature of relevant interest(s):

The relevant interest arises under various
investment management agreements to which
FBIM is a party in its capacity as a provider of
discretionary investment management
services (D I MS) and as manager of the
Octagon Investment Funds (Funds). The
relevant interest arises only from the powers
of investment contained in those agreements,
including the power to control the exercise of
the right to vote attached to the shares and to
control the disposal of the shares.
A relevant agreement document need not be
attached under regulation 139.
For that relevant interest,—
(a) number held in class: 6,589,114
(b) percentage held in class: 5.014%
(c) current registered holder(s): Not applicable
(d) registered holder(s) once transfers are
registered:
Forsyth Barr Custodians Limited (F BCL)
(6,569,711) / Trustees Executors Limited
(TEL) (19,403)

2

For a derivative relevant interest, also—
(a) type of derivative: Not applicable
(b) details of derivative: Not applicable
(c) parties to the derivative: Not applicable
(d) if the substantial product holder is not a
party to the derivative, the nature of the
relevant interest in the derivative:

Not applicable
D e tails of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure in the period 4 November
2021 to 4 February 2022:
N a t ure of event C o nsideration N um ber o f
f i nancial
p ro d ucts
Current
re gi stered
ho l der(s)
Re gi stered
ho l der(s) once
t ra nsfers are
re gi stered
On-market sales NZ$988,929
AU$756,946
NZX 111,861
ASX 83,565
FBCL (134,904) /
TEL (60,522)
Unknown
On-market
purchases
NZ$2,435,606
AU$12,959,519
NZX 318,522
ASX 1,590,207
Unknown FBCL
Off-market
transfers out of
DIMS
Nil 48,952 FBCL Unknown
Off-market
transfers into DIMS
Nil 50,952 Unknown FBCL
Initial public
offering
NZ$36,651,059 4,873,811 Unknown FBCL (4,793,886) /
TEL (79,925)




Additional information
Address(es) of substantial product holder(s): Forsyth Barr House, The Octagon, Dunedin
Contact details: Dunja Sumar
T: +64 9 368 0059
E: compliance@forsythbarr.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:
Not applicable
C e rtification
I, Dunja Sumar, 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.