SPH Notice - DMX Asset Management Limited

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Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
To NZX Limited
and
To General Capital Limited
Date this disclosure made: 15 January 2025
Date on which substantial holding began: 9 January 2025
Substantial product holder(s) giving disclosure
Full name(s): DMX Asset Management Limited
Summary of substantial holding
Class of quoted voting products: Ordinary Shares
Summary for DMX Asset Management Limited
For this disclosure,—
(a) total number held in class: 7,680,214
(b) total in class: 90,893,813
(c) total percentage held in class: 8.450%
Details of relevant interests
Details for DMX Asset Management Limited
Nature of relevant interest(s):
DMX Asset Management Limited (DMXAM) is the investment manager of DMX Capital
Partners Limited, and of the DMX Australian Shares Fund. It is an associate of Vanward
Investments Limited, for which DMXAM director, Michael Haddad, is an investment
manager.
DMX Capital Partners Limited (3,500,000 shares). Owned Directly
DMX Australian Shares Fund (2,180,214 shares). Custodian: HSBC Custody Nominees
Vanward Investments Limited (2,000,000 shares). Owned Directly
For that relevant interest,—
(a) number held in class: 7,680,214
(b) percentage held in class: 8.450%
(c) current registered holder(s): DMX Capital Partners Limited (3,500,000 shares),
HSBC Custody Nominees (Australia) Limited as custodian of the DMX Australian

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Shares Fund (2,180,214 shares), Vanward Investments Limited (2,000,000
shares).
(d) registered holder(s) once transfers are registered: Not Applicable
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:
On-market purchases of shares as follows:
DMX Capital Partners Limited: 3,500,000 for $685,000 between 3
rd
January 2025 and 9
th

January 2025;
DMX Australian Shares Fund (custodian: HSBC Custody Nominees): 1,333,619 for
$261,719.50 between 3
rd
January 2025 and 9
th
January 2025. These shares were subject
to a delayed settlement which occurred on 14
th
January 2025; and,
Vanward Investments Limited: 2,000,000 for $370,000 on 9
th
January 2025.
Additional information
Address(es) of substantial product holder(s):
C/- PO Box 59140, Mangere Bridge, 2151, New Zealand.
Contact details: Michael Haddad, michael.haddad@dmxam.com.au, ph 021 0427501
Nature of connection between substantial product holders: DMX Asset Management Limited
(DMXAM) is the investment manager for DMX Capital Partners Limited and the DMX
Australian Shares Fund. DMXAM director, Michael Haddad, is an investment manager for
Vanward Investments Limited.
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, Michael Haddad, 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.