Friday, 29 March 2024

Announcement

SSH: SCL: SSH Notice - Harbour Asset and First NZ Capital

08 Dec 2016 17:04NZX
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: 7 December 2016
Date this disclosure made: 8 December 2016
Date last disclosure made: 21 April 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 and First NZ Capital Securities
Limited
For this 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%
For last Disclosure -
(a) total number held in class: 8,526,249
(b) total in class: 139,779,006
(c) total percentage held in class: 6.100%

Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure: As noted
above, on 21 April 2016, Harbour Asset Management Limited had disclosed an
interest in 8,382,144 (5.997%) SCL shares. Since 21 April 2016, as a result
of normal market trading activity, Harbour Asset Management Limited has sold
1,771,167 SCL shares for a total consideration of $5,615,473 and purchased
3,318,577 SCL shares for a total consideration of $10,760,197. As a result,
Harbour Asset Management Limited has, at the date of this notice, a relevant
interest in 9,929,554 (7.104%) SCL shares.
During this same period, as a result of normal market trading, First NZ
Capital Securities Limited, has sold a net position of 139,308 SCL shares.

Details after relevant event

Details for: Harbour Asset Management Limited First NZ Capital Securities
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).  Beneficial owner of
financial products
For that relevant interest -
number held in class: 9,929,554 4,797
percentage held in class: 7.104% 0.003%
current registered holder of financial products: Various nominee companies
on behalf of clients as beneficial owners. unknown
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. First NZ
Capital Securities Limited

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

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:00293987 For:SCL    Type:SSH        Time:2016-12-08 17:04:41
Views: 260
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