Saturday, 24 February 2018

Announcement

SHINTR: SCL: SPH Notice - Harbour Asset Management Limited

19 Jan 2018 16:32NZX
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

Note: This form must be completed in accordance with the instructions at the
end of the form.

To NZX Limited
and
To Scales Corporation Limited (SCL)

Relevant event being disclosed Disclosure of movement of 1% or more in
substantial holding

Date of relevant event: 18 January 2018

Date this disclosure made: 19 January 2018

Date last disclosure made: 8 December 2016

Substantial product holder(s) giving disclosure
Full name(s): Harbour Asset Management Limited

Summary of substantial holding
Class of quoted voting products: Ordinary shares
Summary for: Harbour Asset Management Limited

For this disclosure - (a) total number held in class: 11,578,080

(b) total in class: 140,510,292

(c) total percentage held in class: 8.240%

For last Disclosure -
(a) total number held in class: 9,934,351
(b) total in class: 139,779,006
(c) total percentage held in class: 7.107%

Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure: As
noted above, on 8 December 2016, Harbour Asset Management Limited had
disclosed an interest in 9,929,554 (7.104%) SCL shares.

Since 8 December 2016, as a result of normal market trading activity, Harbour
Asset Management Limited has sold 666,785 SCL shares for a total
consideration of $2,303,961 and purchased 2,315,311 SCL shares for a total
consideration of $9,323,431. As a result, Harbour Asset Management Limited
has, at the date of this notice, a relevant interest in 11,578,080 (8.240%)
SCL shares.

First NZ Capital Securities Limited has disposed of the holding of 4,797
(0.003%) SCL shares that it held at 8 December 2016 in the ordinary course of
market trading, and holds no SCL shares at 18 January 2018.

Details after relevant event

Details for: Harbour Asset Management Limited
Nature of relevant interest(s):  As fund manager, the power to
exercise a right to vote attached to, and power to acquire or dispose of, the
products, under powers of investment contained in investment management
contracts with clients (the beneficial owners of the products).

For that relevant interest -
number held in class: 11,578,080
percentage held in class: 8.240%

current registered holder of financial products: Various nominee companies on
behalf of clients as beneficial owners.

registered holder of financial products once transfer is registered:
Various nominee companies on behalf of clients as beneficial owners.

No relevant agreement needs to be attached under regulation 139.

Additional information
Address(es) of substantial product holder(s): Level 16, 171 Featherston
Street, Wellington

Contact details: Kate Livingston, + 64 9 307 5747,
kate.livingston@fnzc.co.nz

Nature of connection between substantial product holders: First NZ Capital
Group Limited, First NZ Capital Securities Limited and Harbour Asset
Management Limited are related bodies corporate.

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: None

Certification
I, Kate Livingston, 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.
End CA:00313243 For:SCL    Type:SHINTR     Time:2018-01-19 16:32:52
Views: 177
Scales Corporation Ltd
 4.730 Change:
0.00
0.00%
 
Open:4.730 
High:4.730 
Low:4.730 
Volume:0 
Last Traded:07/02/18 09:07:43 
Bid:4.720 
Ask:4.730 
52-Wk High:4.920 
52-Wk Low:3.210