Harbour Asset Management becomes substantial shareholder in Mainfreight

Harbour Asset Management Limited (Harbour) has disclosed a substantial holding in Mainfreight Limited, effective from September 19, 2025. The investment firm now holds 5,063,122 ordinary shares, representing a 5.028% stake in the total class of 100,698,548 quoted voting products. This disclosure was made on September 22, 2025, in compliance with Section 276 of the Financial Markets Conduct Act 2013.

The relevant interest in these shares primarily stems from Harbour's power to exercise voting rights and control the acquisition or disposal of shares under various investment agreements. Notably, Harbour’s wholly-owned subsidiary, BNZ Investment Services Limited (BNZIL), also holds a beneficial ownership interest in 1,495,896 of these shares, which are managed by Harbour and account for 1.486% of the class.

The transactions that led to this substantial holding include on-market purchases totaling 536,979 shares for a gross consideration of $34,778,523.81, and on-market sales of 79,489 shares for a gross consideration of $5,266,158.88. These transactions encompass those made by Harbour, including BNZIL.