SPH Notice - Ngāi Tahu Holdings Corporation Limited (NTHC)
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 Limited
and
To Sanford Limited
Relevant event being disclosed: Change in nature of relevant interest
Date of relevant event: 3 June 2026
Date this disclosure made: 4 June 2026
Date last disclosure made: 1 September 2021
Substantial product holder(s) giving disclosure
Full name(s): Ngāi Tahu Holdings Corporation Limited (NTHC) and Ngāi Tahu Investments
Limited (NTIL)
Summary of substantial holding
Class of quoted voting products: ordinary shares in Sanford Limited (NZX: SAN)
Summary for Ngāi Tahu Holdings Corporation Limited
For this disclosure,—
(a) total number held in class: 18,607,721
(b) total in class: 93,506,137
(c) total percentage held in class: 19.900%
For last disclosure,—
(a) total number held in class: 18,607,721
(b) total in class: 93,506,137
(c) total percentage held in class: 19.900%
Summary for Ngāi Tahu Investments Limited
For this disclosure,—
(a) total number held in class: 18,607,721
(b) total in class: 93,506,137
(c) total percentage held in class: 19.990%
2
For last disclosure,—
(a) total number held in class: 18,557,721
(b) total in class: 93,506,137
(c) total percentage held in class: 19.847%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure:
On 3 June 2026, NTIL entered into a block trade agreement (Agreement) with Forsyth Barr
Group Limited (Forsyth Barr) under which NTIL appointed the Forsyth Barr to arrange,
manage and underwrite the disposal of 8,969,621 ordinary shares in Sanford Limited (Sale
Shares) currently held by NTIL for a sale price to be determined under the procedures set
out in the Agreement and in any event at least NZ$7.15 per share. A copy of the
Agreement which comprises 18 pages is attached to this notice. As a consequence of the
Agreement, there is a qualification on the power of NTIL to dispose of, or control the
disposal of, the Sale Shares. Settlement of the sale of the Sale Shares is expected to
occur on 9 June 2026.
Details after relevant event
Details for NTHC
Nature of relevant interest(s): NTHC is the 100% ultimate owner of NTIL (see below),
having the power to exercise, or to control the exercise of, via its intermediary company
Ngāi Tahu Capital Limited, the right to vote attaching to the ordinary shares in Sanford
Limited held by NTIL.
For that relevant interest,—
(a) number held in class: 18,607,721
(b) percentage held in class: 19.900%
(c) current registered holder(s): NTIL
(d) registered holder(s) once transfers are registered: N/A
Details for NTIL
Nature of relevant interest(s): Registered holder and beneficial owner of ordinary shares in
Sanford Limited, as qualified by the Agreement referred to above in respect of the Sale
Shares.
For that relevant interest,—
(a) number held in class: 18,607,721
(b) percentage held in class: 19.990%
(c) current registered holder(s): NTIL
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(d) registered holder(s) once transfers are registered: N/A
Additional information
Address(es) of substantial product holder(s): 15 Show Place, Addington. Christchurch
8024, New Zealand
Contact details: Chris Ford
Email: chris.ford@ngaitahu.iwi.nz
Phone: +64 3 363 8958
Nature of connection between substantial product holders: NTIL is a subsidiary (within the
meaning of section 5 of the Companies Act 1993) of NTHC and is therefore an associated
person and a related body corporate of NTHC (within the meanings of those terms in
sections 12(1) and (2) of the Financial Markets Conduct Act 2013).
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: Forsyth Barr Group Limited.
Certification
I, Chris Ford, 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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