https://www.nzx.com/companies/ATM/announcements/294920
ATM / ANNOUNCEMENTS
SSH Notice - Harbour Asset Management Limited
8:30am, 28 Dec 2016 | SSH
Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
To NZX Limited
and
To The a2 Milk Company limited (ATM)
Date this disclosure made: 23 December 2016
Date on which substantial holding began: 22 December 2016
Substantial product holder(s) giving disclosure
Full name(s): Harbour Asset Management Limited
Summary of substantial holding
Class of quoted voting products: The a2 Milk Company Limited Ordinary shares (ATM)
Summary for Harbour Asset Management Limited
For this disclosure,—
(a) total number held in class: 36,398,472
(b) total in class: 725,620,065
(c) total percentage held in class: 5.016%
Details of relevant interests
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,—
(a) number held in class: 36,398,472
(b) percentage held in class: 5.016%
(c) current registered holder(s): Various nominee companies on behalf of clients as beneficial owners.
(d) registered holder(s) once transfers are registered: Various nominee companies on behalf of clients as beneficial owners.
Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure: On 11 November 2016, as part of normal on-market trading activity under discretionary management mandates, Harbour Asset Management Limited had a relevant interest in 35,169,426 (4.847%) ATM Ordinary Shares.
From 11 November 2016 to 22 December 2016, as a result of normal on-market trading activity involving the sale of 953,631 ordinary shares for $2,316,034.55 and
purchases of 2,769,690 ordinary shares for $6,150,098.51 Harbour Asset Management has increased their relevant interest to 36,398,472 (5.016%) ordinary ATM shares.
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The average purchase price was NZ$2.2205 or A$2.1300(at today's exchange rate) for the period of 11 Nov to 22 Dec.
Suppose Harbour intends to make a profit of 20% for this part of investment, they would have to sell at about
NZ$2.6646 or A$2.5560 a share...
(20min delay)