SPH Notice – Forsyth Barr Investment Management Limited

1

Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
To: NZX Limited
and
To: Channel Infrastructure NZ Limited
Date this disclosure made: 11 May 2022
Date on which substantial holding began: 10 May 2022
Substantial product holder(s) giving
disclosure:

Forsyth Barr Investment Management
Limited (FBIM)

Summary of substantial holding
Class of quoted voting products: Channel Infrastructure NZ Limited Ordinary
Shares
Summary for FBIM
For this disclosure,—
(a) total number held in class: 18,995,776
(b) total in class: 372,725,917
(c) total percentage held in class:

5.096%
Details 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 (DIMS) 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: 18,995,776
(b) percentage held in class: 5.096%
(c) current registered holder(s): Not applicable
(d) registered holder(s) once transfers are
registered:
Forsyth Barr Custodians Limited (FBCL)
(17,907,308 shares) / Trustees Executors
Limited (TEL) (1,088,468)

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
Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure in the period 11 January
2022 to 10 May 2022:
Nature of event Consideration Number of
financial
products
Current registered
holder(s)
Registered
holder(s) once
transfers are
registered
On-market sales
$1,017,180
948,353
FBCL (441,353
shares) / TEL
(507,000 shares)
Unknown
On-market
purchases
$5,302,699 4,955,099 Unknown FBCL
Off-market
transfers out of
DIMS
Nil 114,362 FBCL Unknown
Off-market
transfers into DIMS
Nil 150,159 Unknown FBCL




Additional information
Address(es) of substantial product holder(s): Forsyth Barr House, The Octagon, Dunedin
Contact details: Sonette de Koster
T: +64 9 918 9239
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
Certification
I, Sonette de Koster, 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.