SPH Notice – Spheria Asset Management

1
Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
To New Zealand Stock Exchange
To NZME Ltd
Date this disclosure made: 2 /06/2022
Date on which substantial holding began: 25 May 2022
Substantial product holder(s) giving disclosure
Full name(s): Spheria Asset Management
Summary of substantial holding
Class of quoted voting products: Common Stock (NZM)
Summary for Full name(s): Spheria Asset Management
For this disclosure,—
(a) total number held in class: 21,609,291
(b) total in class: 194,312,226
(c) total percentage held in class: 11.12%
Details of relevant interests
Details for Pinnacle Investment Management Group Limited (and its subsidiaries listed in
Annexure A)
Nature of relevant interest(s): Relevant interest held through the power to control voting
and/or disposal of securities in its capacity as responsible entity or trustee of registered or
unregistered schemes and/or relevant interest by virtue of section 237 of the Financial
Markets Conduct Act 2013 as it has the power to exercise, or control the exercise of, the
right to vote attached to 20% or more of the voting products in one or more affiliated
investment managers (see Annexure A – Part 2) who each in turn hold relevant interests in
the financial products the subject of this notice. Relevant agreement documents need not
be attached under regulation 139.
For that relevant interest,—
(a) number held in class: 21,609,291
(b) percentage held in class: 11.12%
(c) current registered holder(s): Annexure B
(d) registered holder(s) once transfers are registered: N/A

2
Details of transactions and events giving rise to substantial holding Certification

Date of
change
Person
whose
relevant
interest
changed
Nature
of
change
Consideration
(NZD)
Class of
Securities
Number
of
securities

Person's
votes
affected
Cash

Non-
cash


24/02/2022
Spheria
Asset
Management
Purchase $ 466,099.03

ORDINARY
FULLY
PAID

350,000

350,000
4/03/2022 As above Purchase $ 283,124.10

ORDINARY
FULLY
PAID

179,822

179,822
7/03/2022 As above Purchase $ 316,441.20

ORDINARY
FULLY
PAID

215,652

215,652
8/03/2022 As above Purchase $ 389,834.99

ORDINARY
FULLY
PAID

269,575

269,575
8/03/2022 As above Sale -$ 389,834.99

ORDINARY
FULLY
PAID
-
269,575
-
269,575
11/03/2022 As above Purchase $ 843,578.02

ORDINARY
FULLY
PAID

612,637

612,637
11/03/2022 As above Sale -$ 843,578.02

ORDINARY
FULLY
PAID
-
612,637
-
612,637
14/03/2022 As above Purchase $ 928,665.43

ORDINARY
FULLY
PAID

687,103

687,103

3
14/03/2022 As above Sale -$ 928,665.43

ORDINARY
FULLY
PAID
-
687,103
-
687,103
16/03/2022 As above Purchase $ 724,622.96

ORDINARY
FULLY
PAID

522,764

522,764
16/03/2022 As above Sale -$ 724,622.96

ORDINARY
FULLY
PAID
-
522,764
-
522,764
14/04/2022 As above Purchase $ 764,993.79

ORDINARY
FULLY
PAID

454,252

454,252
14/04/2022 As above Sale -$ 764,993.79

ORDINARY
FULLY
PAID
-
454,252
-
454,252
21/04/2022 As above Purchase $ 406,989.99

ORDINARY
FULLY
PAID

281,241

281,241
22/04/2022 As above Purchase $ 13,618.41

ORDINARY
FULLY
PAID

9,560

9,560
26/04/2022 As above Purchase $ 8,919.36

ORDINARY
FULLY
PAID

6,395

6,395
28/04/2022 As above Purchase $ 76,790.45

ORDINARY
FULLY
PAID

53,185

53,185
29/04/2022 As above Purchase $ 168,370.81

ORDINARY
FULLY
PAID

115,663

115,663
4/05/2022 As above Purchase $ 31,127.92

ORDINARY

21,329

21,329

4
FULLY
PAID
5/05/2022 As above Purchase $ 115,157.80

ORDINARY
FULLY
PAID

80,000

80,000
10/05/2022 As above Purchase $ 41,848.23

ORDINARY
FULLY
PAID

30,486

30,486
11/05/2022 As above Purchase $ 40,174.77

ORDINARY
FULLY
PAID

29,157

29,157
13/05/2022 As above Purchase $ 49,339.24

ORDINARY
FULLY
PAID

35,000

35,000
19/05/2022 As above Purchase $ 510,630.78

ORDINARY
FULLY
PAID

379,441

379,441
19/05/2022 As above Sale -$ 510,630.78

ORDINARY
FULLY
PAID
-
379,441
-
379,441
30/05/2022 As above Purchase $ 549,968.16

ORDINARY
FULLY
PAID

447,906

447,906


Additional information
Address(es) of substantial product holder(s): Level 35, 60 Margaret Street, Sydney NSW
2000, Australia
Contact Details: Matthew Booker, +61 2 8089 3202, Matthew.Booker@spheria.com.au

5
I, Matthew Booker, 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.

6
Annexure A
Part 1
Annexure A


Holder of relevant interest
Nature of relevant
interest
Number of
securities
Class of
securities
Spheria Asset Management
Pty Ltd
Spheria Asset
Management Pty Ltd in
its capacity as
investment manager has
the power to control
voting and/or disposal of
securities.
21,609,291
ORDINARY
FULLY PAID

7

Annexure B
Holder of
relevant
interest
Registered holder of
securities
Person
entitled to
be
registered
as holder
Number of
securities
Class of
securities

Hyperion
Asset
Management
Bank of New York
Bank of
New York
157,451
Ordinary
fully paid
Hyperion
Asset
Management
BNP Paribas Securities
Services
BNP Paribas
Securities
Services
2,539,813
Ordinary
fully paid
Hyperion
Asset
Management
Citibank Citibank 13,457,375
Ordinary
fully paid
Hyperion
Asset
Management
JP Morgan Chase Bank
JP Morgan
Chase Bank
2,728,913
Ordinary
fully paid
Hyperion
Asset
Management
NAB Custodial Services
NAB
Custodial
Services
1,092,157
Ordinary
fully paid
Hyperion
Asset
Management
Northern Trust
Northern
Trust
1,888,720
Ordinary
fully paid
Hyperion
Asset
Management
State Street State Street 7,067,650
Ordinary
fully paid