SPH Notice - Glendarvie Holdings Limited
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 WasteCo Group Limited (WCO)
Relevant event being disclosed: movement of 1% or more in substantial holding
Date of relevant event: 21 May 2026
Date this disclosure made: 8 June 2026
Date last disclosure made: 5 December 2022
Substantial product holder(s) giving disclosure
Full name(s):
(1) Glendarvie Holdings Limited
(2) Robert Cornelis Baan and Rowena Sian Baan-Mathias
Summary of substantial holding
Class of quoted voting products: Ordinary shares in WasteCo Group Limited (WCO)
(1) Summary for Glendarvie Holdings Limited
For this disclosure,—
(a) total number held in class: 31,282,576
(b) total in class: 1,098,372,765
(c) total percentage held in class: 2.848%
For last disclosure,—
(a) total number held in class: 104,832,000
(b) total in class: 688,000,000
(c) total percentage held in class: 15.237%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure: Gleneig Holdings Limited
made a distribution in specie of 24,977,092 shares in Wasteco Group Limited to Glendarvie
Holdings Limited on or about April 2024. On-market sales of 44,094,516 ordinary shares,
for total consideration of $549,491.27 made during the period 18 March 2026 to 21 May
2026.
2
Details after relevant event
(1) Details for Glendarvie Holdings Limited
Nature of relevant interest(s): Registered holder of the ordinary shares (legal and
beneficial owner).
For that relevant interest,—
(a) number held in class: 31,282,576
(b) percentage held in class: 2.848%
(c) current registered holder(s): Glendarvie Holdings Limited
(d) registered holder(s) once transfers are registered: Unknown
For a derivative relevant interest, also—
(a) type of derivative: N/A
(b) details of derivative: N/A
(c) if the substantial product holder is not a party to the derivative, the nature of the
relevant interest in the derivative: N/A
(2) Details for Robert Cornelis Baan and Rowena Sian Baan-Mathias
Nature of relevant interest(s): Robert Baan and Rowena Baan-Mathias are the sole
directors and shareholders of Glendarvie Holdings Limited.
For that relevant interest,—
(a) number held in class: 31,282,576
(b) percentage held in class: 2.848%
(c) current registered holder(s): Glendarvie Holdings Limited
(d) registered holder(s) once transfers are registered: Unknown
For a derivative relevant interest, also—
(a) type of derivative: N/A
(b) details of derivative: N/A
(c) if the substantial product holder is not a party to the derivative, the nature of the
relevant interest in the derivative: N/A
3
Additional information
Address(es) of substantial product holder(s):
(1) C/- Borich & Associates Limited, Level 2, 60 Grafton Road, Grafton, Auckland
(2) 24 The Strand, Fitzherbert, Palmerston North, 4410
Contact details: Robert Baan – 021 473373 – rbaan@xtra.co.nz
Nature of connection between substantial product holders: Robert Baan and Rowena Baan-
Mathias are the sole directors and shareholders of Glendarvie Holdings Limited. Robert
Baan and Rowena Baan-Mathias are also spouses.
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, Robert Baan, 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.
---
1
Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
To NZX Limited
and
To WasteCo Group Limited (WCO)
Date this disclosure made: 8 June 2026
Date last disclosure made: 5 December 2022
Date on which substantial holding ceased: 17 November 2025
Substantial product holder(s) giving disclosure
Full name(s):
(1) Glendarvie Holdings Limited
(2) Robert Cornelis Baan and Rowena Sian Baan-Mathias
Summary of previous substantial holding
Class of quoted voting products: Ordinary shares in WasteCo Group Limited (WCO)
(1) Summary for Glendarvie Holdings Limited
For last disclosure,—
(a) total number held in class: 104,832,000
(b) total in class: 688,000,000
(c) total percentage held in class: 15.237%
For current holding after ceasing to have substantial holding,—
(a) total number held in class: 31,282,576
(b) total in class: 1,098,372,765
(c) total percentage held in class: 2.848%
(2) Summary for Robert Cornelis Baan and Rowena Sian Baan-Mathias
For last disclosure,—
(a) total number held in class: 104,832,000
(b) total in class: 688,000,000
(c) total percentage held in class: 15.237%
2
For current holding after ceasing to have substantial holding,—
(a) total number held in class: 31,282,576
(b) total in class: 1,098,372,765
(c) total percentage held in class: 2.848%
Details of transactions and events giving rise to ceasing of substantial holding: Gleneig
Holdings Limited made a distribution in specie of 24,977,092 shares in Wasteco Group
Limited to Glendarvie Holdings Limited on or about April 2024. On-market sales of
44,094,516 ordinary shares, for total consideration of $549,491.27 made during the period
18 March 2026 to 21 May 2026.
Details of the transactions or other events requiring disclosure: N/A
Additional information
Address(es) of substantial product holder(s):
(1) C/- Borich & Associates Limited, Level 2, 60 Grafton Road, Grafton, Auckland
(2) 24 The Strand, Fitzherbert, Palmerston North, 4410
Contact details: Robert Baan – 021 473373 – rbaan@xtra.co.nz
Nature of connection between substantial product holders: Robert Baan and Rowena Baan-
Mathias are the sole directors and shareholders of Glendarvie Holdings Limited. Robert
Baan and Rowena Baan-Mathias are also spouses.
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, Robert Baan, 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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