SPH Notice - Forsyth Barr Investment Management Limited

1

Disclosure of movement of 1% or more in substantial holding or change in nature of relevant
interest, or both
Section 277 and 278, Financial Markets Conduct Act 2013
To: NZX Limited
and
To: Investore Property Limited
Relevant event being disclosed: Movement of 1% or more in substantial holding
Date of relevant event: 17 September 2025
Date of this disclosure: 18 September 2025
Date last disclosure made: 10 December 2024
Substantial product holder(s) giving disclosure:
Full name(s): Forsyth Barr Investment Management Limited
(FBIM)
Summary of substantial holding
Class of quoted voting products: Investore Property Limited Ordinary Shares
Summary for FBIM
For this disclosure,—
(a) total number held in class: 38,656,577
(b) total in class: 377,623,361
(c) total percentage held in class:

10.237%
For last disclosure,—
(a) total number held in class: 34,236,185
(b) total in class: 373,821,658
(c) total percentage held in class:

9.158%

2

Details of transactions and events giving rise to relevant event
Date of
event
Nature of
event
Consideration Number of
financial
products
Current
registered
holder(s)
Registered
holder(s) once
transfers are
registered
10
December
2024 – 17
September
2025
On-market
purchases
$7,994,938 7,108,655 Unknown
Forsyth Barr
Custodians
Limited (FBCL)
(6,555,807) /
Trustees
Executors
Limited (TEL)
(552,848)
On-market
sales
$5,306,584 4,715,179
FBCL
(4,213,403) /
TEL (501,776)
Unknown
Dividend
Reinvestment
Plan
$3,820 3,458 New Issue FBCL
Off-market
transfers in
to DIMS
Nil 3,782,995 Unknown FBCL
Off-market
transfers out
of DIMS
Nil 1,759,537 FBCL Unknown

Details after relevant event
Details for FBIM
Nature of relevant interest(s):

The relevant interest arises under various
investment management agreements to which
Forsyth Barr Investment Management Limited
and/or Forsyth Barr Limited are a party in their
capacity as providers of discretionary
investment management services (DIMS) and
from Forsyth Barr Investment Management
Limited being the manager of managed
investment schemes. The relevant interest
arises only from the powers of investment
contained in the relevant agreement
documents, including the power to control the
exercise of the right to vote attached to the
shares and to control the disposal of the
shares.
Pursuant to regulation 142, the relevant
agreement documents need not be attached
under regulation 139.

3


For that relevant interest,—

(a) number held in class: 38,656,577
(b) percentage held in class: 10.237%
(c) current registered holder(s): See above
(d) registered holder(s) once transfers are
registered:
See above
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

Additional Information

Address(es) of substantial product holder(s): Forsyth Barr House, The Octagon, Dunedin
Contact details: Maria Reyes Malqui
T: +64 9 363 8739
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, Maria Reyes Malqui, 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.