FirstCape group discloses substantial holding in Channel Infrastructure

FirstCape Group Limited has disclosed a substantial holding of 5.000% in Channel Infrastructure NZ Limited, totaling 20,611,967 ordinary shares. This threshold was crossed on December 12, 2025, with the disclosure made on December 15, 2025. The relevant interests are held through FirstCape's wholly-owned subsidiaries: Harbour Asset Management Limited, BNZ Investment Services Limited, and JBWere (NZ) Limited.

Harbour Asset Management Limited holds a direct relevant interest of 12,042,915 shares, representing 2.922% of the total class. BNZ Investment Services Limited holds 4,794,627 shares (1.163%), and JBWere (NZ) Limited holds 8,569,052 shares (2.079%), with FirstCape exercising indirect control over these holdings.

Transactions contributing to this substantial holding include on-market purchases and sales, as well as net transfers into DIMS (Discretionary Investment Management Service). Harbour reported on-market purchases of 2,303,587 shares for $5,727,912 and sales of 5,240,159 shares for $12,997,831.39. JBWere (NZ) Limited's transactions included purchases of 271,481 shares for $715,634.81 and sales of 1,842,370 shares for $4,666,694.29, alongside net transfers of 108,090 shares into DIMS.