Spark New Zealand Limited (ASX:SPK) has received a disclosure from FirstCape Group Limited indicating that the Wellington-based firm ceased to hold a substantial product holding in Spark New Zealand as of 9 November 2026, with its ownership falling to 4.931% of ordinary shares from 5.008% at the time of the previous disclosure.

Key Points

  • FirstCape Group Limited's holding in Spark New Zealand fell to 93,508,473 shares, or 4.931% of the class, as of 9 November 2026.
  • At the last disclosure on 23 September 2026, FirstCape held 94,679,391 shares, representing 5.008% of the class.
  • Transactions giving rise to the disclosure included on-market purchases and sales, and off-market transfers by subsidiaries Harbour Asset Management Limited, JBWere (NZ) Limited, and Consilium Limited.
  • The total number of ordinary shares in the class as recorded at the current holding was 1,895,656,269.

Cessation of Substantial Holding Details

According to the disclosure lodged on 11 November 2026, FirstCape Group Limited ceased to hold a substantial product holding in Spark New Zealand Limited on 9 November 2026. The filing was made pursuant to Section 279 of the Financial Markets Conduct Act 2013 and addressed to NZX Limited and Spark New Zealand Limited. At the previous disclosure dated 23 September 2026, FirstCape held 94,679,391 ordinary shares, equating to 5.008% of the 1,890,130,108 total shares in the class. Following the transactions disclosed, the holding reduced to 93,508,473 shares, or 4.931% of the 1,895,656,269 total shares in the class.

Transactions Conducted Since Previous Disclosure

The filing details on-market and off-market transactions carried out by entities within FirstCape Group Limited since 23 September 2026. Harbour Asset Management Limited conducted on-market purchases of 5,013,140 shares for gross consideration of $9,691,440.18, on-market sales of 3,583,646 shares for gross consideration of $7,125,012.61, and a net off-market transfer out of 2,438,629 shares. JBWere (NZ) Limited recorded on-market purchases of 484,270 shares for $955,020.10, on-market sales of 765,513 shares for $1,488,461.42, and a net transfer into discretionary investment management services of 119,460 shares. Consilium Limited recorded a net off-market transfer in of 339 shares.

Certification and Disclosure Parties

The disclosure was certified by Conor Moynihan, who confirmed that to the best of his knowledge and belief the information contained in the disclosure is correct, and stated he is duly authorised to make the disclosure on behalf of all persons for whom it is made. FirstCape Group Limited is located at Level 21, 171 Featherston Street, Wellington. The filing states that no other person is believed to have given, or to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which the disclosure relates.