Milford Asset Management significantly boosts stake in Precinct Properties

Milford Asset Management Limited has disclosed a substantial increase in its relevant interest in Precinct Properties Group, with the event date recorded as October 14, 2025. The investment firm's total holding in ordinary shares now stands at 201,959,483, representing 12.7183% of the class, up from 10.093% reported in the last disclosure on October 2, 2025. The total class size remains at 1,587,939,000 shares.

The increase stems from on-market purchases totaling 41,696,575 units, acquired for a total consideration of NZD 51,286,787.25. This transaction highlights Milford Asset Management's strengthened position within Precinct Properties.

The disclosure was made on October 15, 2025, with Rukshar Rahmat, operations associate, certifying the accuracy of the information.