Harbour Asset Management increases stake in Summerset Holdings

Harbour Asset Management Limited has announced a movement of 1% or more in its substantial holding of Summerset Group Holdings (NZX:SUM), as of May 1, 2025. The disclosure, made on May 2, 2025, reveals Harbour's holding has increased from 15,353,117 shares (6.516%) to 18,191,486 shares, representing 7.551% of Summerset's total ordinary shares. This change is attributed to on-market trading activity since the previous disclosure. Harbour's transactions included buying 5,312,766 shares for a gross consideration of NZD57,598,225.44 and selling 2,474,397 shares for NZD28,811,809.34. BNZ Investment Services Limited, managed by Harbour, also saw an increase from 3,296,702 shares (1.399%) to 4,349,050 shares (1.805%), stemming from purchases of 616,821 shares for NZD6,928,100.18 and sales of 275,054 shares for NZD3,106,341.96.