SPH Notice - Salt Funds Management Limited
100080615/3821107.1 1
Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
To NZX Ltd
and
To Tower Limited
Date this disclosure made: 22 September 2025
Date last disclosure made: 10 July 2025
Date on which substantial holding ceased: 18 September 2025
Substantial product holder(s) giving disclosure
Full name(s): Salt Funds Management Limited
Summary of previous substantial holding
Class of quoted voting products: Tower Limited Ordinary Shares (TWR)
Summary for Salt Funds Management Limited
For last disclosure,—
(a) total number held in class: 20,528,055
(b) total in class: 379,483,987
(c) total percentage held in class: 5.993%
For current holding after ceasing to have substantial holding, —
(a) total number held in class: 16,945,081
(b) total in class: 379,483,987
(c) total percentage held in class: 4.947%
Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure:
Transaction Type Period Shares/Units Consideration
On-market purchases
11/07/2025 –
08/09/2025
452,437 ($749,582.92)
On-market sales
16/07/2025 –
18/09/2025
(4,035,411) +$6,963,975.54
100080615/3821107.1 2
Additional information
Address(es) of substantial product holder(s):
Level 3, The Imperial Buildings
44 Queen Street
Auckland 1050
Contact details:
Claire MacRae
+64 9 869 5123
claire.macrae@saltfunds.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, Claire MacRae, 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.
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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