Ann: SSH: SCL: SSH Notice - First NZ Capital Group Limited

• Release Date: 19/02/16 14:38
• Summary: SSH: SCL: SSH Notice - First NZ Capital Group Limited
• Price Sensitive: No
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					SCL
19/02/2016 14:38
SSH
NOT PRICE SENSITIVE
REL: 1438 HRS Scales Corporation Limited

SSH: SCL: SSH Notice - First NZ Capital Group Limited

Disclosure of ceasing to have substantial holding
Section 279, 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

Date this disclosure made:18 February 2016
Date last disclosure made:7 April 2015
Date on which substantial holding ceased:16 February 2016

Substantial product holder(s) giving disclosure
Full name(s): First NZ Capital Group Limited

Summary of previous substantial holding
Class of quoted voting products: Scales Corporation Limited ordinary shares
(SCL)

Summary for First NZ Capital Securities Limited and Harbour Asset Management
Limited
For last disclosure,--
(a) total number held in class: 7,054,333
(b) total in class: 139,779,006
(c) total percentage held in class: 5.046%
For current holding after ceasing to have substantial holding,--
(a) total number held in class: 6,911,345
(b) total in class: 139,779,006
(c) total percentage held in class: 4.944%
Details of transactions and events giving rise to ceasing of substantial
holding

Details of the transactions or other events requiring disclosure: On 7 April
2015 First NZ Capital Group Limited filed the last disclosure for First NZ
Capital Securities Limited and Harbour Asset Management Limited.  From 7
April 2015 to 16 February 2016, as a result of normal on-market trading
activity under discretionary investment management mandates, involving
purchases of 831,169 of SCL, for a consideration of $1,465,886.96, and sales
of SCL shares, for a consideration of $1,371,523.10, Harbour Asset Management
increased their relevant interest to 6,891,544 (4.93%) in SCL shares.  First
NZ Capital Securities Limited, as a result of normal on-market trading
activity involving purchases and sales of SCL shares decreased their relevant
interest to 19,801 (0.0137%) in SCL shares.

Additional information
Address(es) of substantial product holder(s): First NZ Capital Securities
Limited, Level 14, 171 Featherston Street, Wellington and Harbour Asset
Management Limited, Level 16, 171 Featherston Street, Wellington
Contact details: Helen Stevens, + 64 4 474 4430 [email protected]
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: [not
applicable]

Certification
I, Helen Ruth Stevens, 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:00277997 For:SCL    Type:SSH        Time:2016-02-19 14:38:15