SPH Notice - New Zealand Superannuation Fund Nominees Ltd

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 NZX Lim ited
and
To KMD Brands Lim ited (“KMD”)
Relevant event being disclosed: Disclosure of more than 1% movement in substantial
holdings
Date of relevant event: 26
th
February 2025
Date this disclosure made: 28
th
February 2025
Date last disclosure made: 14
th
August 2024
Substantial product holder(s) giving disclosure
Full nam e (s):
New Zealand Superannuation Fund Nominees Limited as nominee for the
New Zealand Superannuation Fund being property of His Majesty the King in right of New
Zealand and m anaged by the Guardians of New Zealand Superannuation ("NZSF").

Summary of substantial holding
Class of quoted voting products: Ordinary Shares in KMD (ISIN: NZKMDE0001S3)
Sum m ary for NZSF
For this disclosure,—
(a) total num ber held in class: 90,996,567
(b) total in class: 711,667,484
(c) total percentage held in class: 12.786%
For last disclosure,—
(a) total num ber held in class: 82,021,658
(b) total in class: 711,667,484
(c) total percentage held in class: 11.525%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure:
Between 13
th
August 2024 and 26
th
February 2025, NZSF (through its internal
portfolio) bought an aggregate of 10,798,370 ordinary shares in KMD on-m arket for
aggregate consideration of $4,778,050.24.
Between 13
th
August 2024 and 26
th
February 2025, NZSF (through its internal portfolio
and its account m anaged by Mint Asset Managem ent Lim ited) sold an aggregate of
1,823,461 ordinary shares in KMD on-m arket for aggregate consideration of $986,268.94.

2

Details after relevant event
Details for NZSF
Nature of relevant interest(s): Beneficial owner of shares and/or power to control the
acquisition/disposal of, and voting rights attached to, shares.

For that relevant interest,—
(a) number held in class: 90,996,567
(b) percentage held in class: 12.786%
(c) current registered holder(s): New Zealand Central Securities Depository Lim ited
(for NZSF). Of the se shares, 12.786% are within NZSF’s internal equities portfolios.
(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):
Level 12, Jarden House, 21 Queen Street
Auckland 1010, New Zealand

Contact details:
Amy Hitchcock
Ph: +64 9 300 6980
Em ail: operations@nzsuperfund.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: N/A
Certification
I, Amy Hitchcock, 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 m ade.