SPH Notice – Pinnacle Investment Management Group Limited

1
Disclosure of movement of 1% or more in substantial holding or
change in nature of relevant interest, or both

Sections 277 and 278, Financial Markets Conduct Act 2013
To
ASX and NZX and
To NZME Ltd (NZM)
Relevant event being disclosed: Increase of greater than 1% move in substantial holding.
Date of relevant event: 21/03/2024
Date this disclosure made: 26/03/2024
Date last disclosure made: 03/01/2024
Substantial product holder(s) giving disclosure
Full name(s): Pinnacle Investment Management Group Limited (and its subsidiaries
listed in Annexure A)
Summary of substantial holding
Class of quoted voting products: Ordinary Shares
Summary for Pinnacle Investment Management Group Limited (and its subsidiaries
listed in Annexure A)
For this disclosure,—
(a) total number held in class: 18,234,168
(b) total in class: 186,680,461
(c) total percentage held in class: 9.7676%
For last disclosure,—
(a) total number held in class: 11,588,284
(b) total in class: 183,913,614
(c) total percentage held in class: 6.301%
Details of transactions and events giving rise to relevant event Details
of the transactions or other events requiring disclosure:

Date of
change
Person whose
relevant interest
changed
Nature of
change
Considera�on Class of
Securi�es
Number of
securi�es
Person's votes
affected

2
Cash
03/01/2024 Pinnacle Investment
Management Group
Limited (and its
subsidiaries listed in
Annexure A)
Purchase $ 1,900.22 ORDINARY
FULLY PAID
1,855 1,855
04/01/2024 As above Purchase $ 8,290.75 ORDINARY
FULLY PAID
8,132 8,132
21/03/2024 As above Purchase $ 5,421,816.84 ORDINARY
FULLY PAID
6,635,897 6,635,897

Details after relevant event
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 327 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: 18,234,168
(b) percentage held in class: 9.7676%
(c) current registered holder(s): Annexure B
(d) registered holder(s) once transfers are registered: n/a
For a derivative relevant interest, also—
(a) type of derivative: n/a
(b) details of derivative: n/a
(c) parties to the derivative: n/a
(d) if the substantial product holder is not a party to the derivative, the nature of the
relevant interest in the derivative: n/a
Additional information
Address(es) of substantial product holder(s):

3
Name Address
Pinnacle Investment Management
Group Limited
Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Pinnacle Fund Services Limited Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Pinnacle Investment Management
Limited
Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Pinnacle Investment Management
Group Limited
Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Pinnacle Investment Management
Limited
Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Pinnacle Fund Services Limited Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Ariano Pty Limited Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Next Financial Limited Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Next Financial Nominees Pty Ltd Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Next Financial Nominees No. 2 Pty
Ltd
Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Investment Solutions Client
Services Pty Ltd
Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Priority Funds Management Pty
Ltd
Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Priority Investment Management
Pty Ltd
Level 19, 307 Queen St, Brisbane QLD 4000, Australia
PNI Option Plan Managers Pty Ltd Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Pinnacle Investment Management
(UK) Limited
7th Floor, Dashwood House, 69 Old Broad Street, London
EC2M 1QS, United Kingdom
Pinnacle RE Services Limited Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Pinnacle Services Administration
Pty Ltd
Level 19, 307 Queen St, Brisbane QLD 4000, Australia

4
POSH Nominees Pty Limited Level 19, 307 Queen St, Brisbane QLD 4000, Australia
Pingroup IM Limited (US)
c/o TMF Group New York, LLC, 48 Wall Street, 27
th
Floor, New
York NY 10005

Contact details: Calvin Kwok, +61 2 89707718,
calvin.kwok@pinnacleinvestment.com
*Nature of connection between substantial product holders:
Name Nature of Association
Pinnacle Investment Management Group
Limited
Related body corporate of each other entity listed.
Pinnacle Investment Management Limited Related body corporate of each other entity listed.
Pinnacle Fund Services Limited Related body corporate of each other entity listed.
Ariano Pty Limited Related body corporate of each other entity listed.
Next Financial Limited Related body corporate of each other entity listed.
Next Financial Nominees Pty Ltd Related body corporate of each other entity listed.
Next Financial Nominees No. 2 Pty Ltd Related body corporate of each other entity listed.
Investment Solutions Client Services Pty Ltd Related body corporate of each other entity listed.
Priority Funds Management Pty Ltd Related body corporate of each other entity listed.
Priority Investment Management Pty Ltd Related body corporate of each other entity listed.
PNI Option Plan Managers Pty Ltd Related body corporate of each other entity listed.
Pinnacle RE Services Limited Related body corporate of each other entity listed.
Pinnacle Services Administration Pty Ltd Related body corporate of each other entity listed.
Pinnacle Investment Management (UK)
Limited
Related body corporate of each other entity listed.
POSH Nominees Pty Limited Related body corporate of each other entity listed.

5
Pingroup IM Limited (US) Related body corporate of each other entity listed.

Certification

I, Calvin Kwok, 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.

NZME LTD
Annexure A - Part 1
Holder of relevant interest Nature of relevant interest
Pinnacle Investment Management Group Limited (ACN 100 325 184)
Pinnacle Investment Management Limited (ACN 109 659 109)
Ariano Pty Limited (ACN 605 250 799)
Next Financial Limited (ACN 081 722 894)
Next Financial Nominees Pty Ltd (ACN 093 252 576)
Next Financial Nominees No. 2 Pty Ltd (ACN 132 819 115)
Investment Solutions Client Services Pty Ltd (ACN 117 898 334)
Priority Funds Management Pty Ltd (ACN 120 826 575)
Priority Investment Management Pty Ltd (ACN 116 943 456
PNI Option Plan Managers Pty Ltd (ACN 125 030 766)
Pinnacle RE Services Limited (ACN 130 508 379)
Pinnacle Services Administration Pty Ltd (ACN 126 175 148)
Pinnacle Investment Management (UK) Limited (Company Number 11026111)
POSH Nominees Pty Limited (ACN 620 094 251)
Pingroup IM Limited (US) (EIN 85-0920129)
Relevant interest by virtue of section 608(3) of the
Corporations Act as it or its associates holds
directly or indirectly above 20% voting power in one
or more affiliated investment managers (see
Annexure A – Part 2) and Pinnacle Fund Services
Limited, who each in turn hold relevant interests in
the securities the subject of this notice.

Pinnacle Fund Services Limited (ACN 082 494 362) 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 608(3) of the Corporations Act as it
or its associates holds directly or indirectly above
20% voting power in one or more affiliated
investment managers (see

Annexure A – Part 2) who each in turn hold relevant
interests in the securities the subject of this notice.

Calvin Kwok
Company Secretary
Date: 26/03/2024


NZME LTD Annexure A - Part 2
Affiliated Investment Managers in which Pinnacle has over 20% voting power
Aikya Investment Management Limited (UK) (Company Number 12329682)
Antipodes Partners Limited (ACN 602 042 035)
Coolabah Capital Investments Pty Limited (ACN 605 806 059)
Five V Capital Pty Limited (ACN 162 193 928)
Hyperion Asset Management Limited (ACN 080 135 897)
Langdon Equity Partners Limited (CA) (NRD 73210)
Metrics Credit Partners Pty Limited (ACN 150 646 996)
Palisade Investment Partners Limited (ACN 124 326 361)
Plato Investment Management Limited (ACN 120 730 136)
Resolution Capital Limited (ACN 108 584 167)
Solaris Investment Management Limited (ACN 128 512 621)
Riparian Capital Partners Pty Ltd (ACN 630 179 752)

Calvin Kwok
Company Secretary
Date: 26/03/2024

NZME LTD Annexure B
Holder of relevant
interest
Registered
holder of
securities

Person entitled
to be
registered as
holder
Number of
securities
Class of
securities
Person's
votes
Pinnacle Investment
Management Group
Limited (and its
subsidiaries listed in

Annexure A)
Citicorp
Nominees
Pty Ltd
Citicorp
Nominees Pty
Ltd
18,234,168 Ordinary fully
paid
18,234,168

Calvin Kwok
Company Secretary
Date: 26/03/2024