Morgan Stanley discloses 5.0260% substantial holding in EROAD

Morgan Stanley disclosed on April 16, 2025, that it holds a substantial ownership position in EROAD LTD (NZX:ERD) with holdings that began on April 11, 2025. The disclosure, filed with the NZX, reveals that Morgan Stanley and its subsidiaries now possess 9,419,349 ordinary shares, representing 5.0260% of the total shares in the class. The shares are primarily held through HSBC Nominees (New Zealand) Limited, and HSBC Custody Nominees (Australia) Limited, with some shares held by Morgan Stanley Australia Securities (Nominee) Pty Limited. The relevant agreements for these holdings are Prime Brokerage Agreements, with key details outlined in Annexure B of the disclosure. Recent transactions include purchases by Morgan Stanley & Co. International plc of 999 ordinary shares for a consideration of NZD 1,076.40 on December 27, 2024, 5,571 ordinary shares for a consideration of NZD 5,849.55 on January 3, 2025, and 6,579 ordinary shares for a consideration of NZD 6,118.47 on April 1, 2025, and 15,000 ordinary shares for a consideration of NZD 13,600.22 on April 4, 2025.