SPH Notice - Regal Funds Management Pty Ltd

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Disclosure of movement of 1% or more in substantial holding
or change in nature of relevant interest, or both
Sections 277 and 278, Financial Markets Conduct Act 2013
Note: This form must be completed in accordance with the instructions at the end of the
form.
To NZX

And

To
Gentrack Group Ltd
Relevant event being disclosed:
Change of Substantial Shareholding by 1% or more
Date of relevant event: 15 August 2025
Date this disclosure made:
19 August 2025
Date last disclosure made: 20 March 2025
Substantial product holder(s) giving disclosure
Full name(s):
Regal Funds Management Pty Ltd
Summary of substantial holding
Class of quoted voting products: Ordinary Shares, ISIN: NZGTKE0002S9
Summary for Regal Funds Management Pty Ltd
For this disclosure,—
(a) total number held in class: 7,826,632
(b) total in class:
107,721,896
(c) total percentage held in class: 7.266%
For last disclosure,—
(a) total number held in class:
6,158,121
(b) total in class: 107,717,093
(c) total percentage held in class: 5.717%
Details of transactions and events giving rise to relevant event
In the period from the last disclosure, as part of normal on-market trading activity Regal Funds
Management Pty Limited total buy = 4,400,629 shares ($43,865,905.85 AUD) and total sell =
2,732,118 shares ($27,980,876.67 AUD).

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Details of relevant interests
Details for Regal Funds Management Pty Ltd
Nature of relevant interest(s): Relevant interest by virtue of Regal Funds Management Pty
Limited having the power to acquire or dispose of financial products in its capacity as
trustee and manager of the Regal Atlantic Absolute Return Fund, Regal Tasman Market
Neutral Fund, Regal Australian Active Extension Trust, Regal Australian Long Short Geared
Equity Fund, Regal Australia Small Companies Fund, Regal Australia Small Companies
Trust, Regal Global Small Companies Fund, Regal Investment Fund, Regal Partners Private
Fund, Regal Emerging Companies Opportunities Fund, Regal Tactical Opportunities Fund

For that relevant interest,—
(a) number held in class: 6,476,206
(b) percentage held in class: 6.012%
(c) current registered holder(s):
Regal Atlantic Absolute Return Fund (0.164%), (UBS Nominees Pty Ltd)
Regal Atlantic Absolute Return Fund (0.046%), (Merrill Lynch (Aus) Nominees Pty Ltd)
Regal Atlantic Absolute Return Fund (0.046%), (HSBC Custody Nominees (Australia))
Regal Atlantic Absolute Return Fund (0.046%), (J.P. Morgan Prime Nominees Ltd)
Regal Atlantic Absolute Return Fund (0.061%), (Citicorp Nominees Pty Ltd)
Regal Tasman Market Neutral Fund (0.087%), (UBS Nominees Pty Ltd)
Regal Tasman Market Neutral Fund (0.019%), (Citicorp Nominees Pty Ltd)
Regal Australian Long Short Equity Fund (0.012%), (UBS Nominees Pty Ltd)
Regal Australian Long Short Equity Fund (0.083%), (Citicorp Nominees Pty Ltd)
Regal Australian Active Extension Trust (0.365%), (UBS Nominees Pty Ltd)
Regal Australian Active Extension Trust (0.031%), (Citicorp Nominees Pty Ltd)
Regal No. 3 Fund (0.040%), (UBS Nominees Pty Ltd)
Regal Australia Small Companies Fund (1.166%), (UBS Nominees Pty Ltd)
Regal Australia Small Companies Fund (0.447%), (Citicorp Nominees Pty Ltd)
Regal Australia Small Companies Trust (0.494%), (UBS Nominees Pty Ltd)
Regal Australia Small Companies Trust (0.155%), (HSBC Custody Nominees (Australia)
Limited A/C 2)
Regal Australia Small Companies Trust (0.249%), (Citicorp Nominees Pty Ltd)
Regal Global Small Companies Fund (0.070%), (J.P. Morgan Prime Nominees Ltd)
Regal Investment Fund (0.350%), (UBS Nominees Pty Ltd)
Regal Investment Fund (0.002%), (HSBC Custody Nominees (Australia))
Regal Investment Fund (0.076%), (J.P. Morgan Prime Nominees Ltd)
Regal Investment Fund (0.063%), (Citicorp Nominees Pty Ltd)
Regal Partners Private Fund (0.217%), (UBS Nominees Pty Ltd)
Regal Partners Private Fund (0.008%), (HSBC Custody Nominees (Australia) Limited A/C
2)
Regal Partners Private Fund (0.040%), (J.P. Morgan Prime Nominees Ltd)
Regal Partners Private Fund (0.035%), (Citicorp Nominees Pty Ltd)
Regal Emerging Companies Opportunities Fund (0.715%), (UBS Nominees Pty Ltd)
Regal Emerging Companies Opportunities Fund (0.213%), (Merrill Lynch (Aus) Nominees
Pty Ltd)
Regal Emerging Companies Opportunities Fund (0.108%), (J.P. Morgan Prime Nominees
Ltd)
Regal Emerging Companies Opportunities Fund (0.160%), (Citicorp Nominees Pty Ltd)
Regal Tactical Opportunities Fund (0.097%), (UBS Nominees Pty Ltd)
Regal Tactical Opportunities Fund (0.093%), (Merrill Lynch (Aus) Nominees Pty Ltd)
Regal Tactical Opportunities Fund (0.093%), (HSBC Custody Nominees (Australia))
Regal Tactical Opportunities Fund (0.093%), (J.P. Morgan Prime Nominees Ltd)

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Regal Tactical Opportunities Fund (0.067%), (Citicorp Nominees Pty Ltd)

Details of relevant interests
Details for Regal Funds Management Pty Limited
Nature of relevant interest(s): derivative relevant interest over quoted underlying.
For that relevant interest,—
(a) number held in class: 1,350,426
(b) percentage held in class:
1.254%
(c) current registered holder(s):
Zambezi Absolute Return Fund (0.078%), (UBS Nominees Pty Ltd)
Zambezi Absolute Return Fund (0.102%), (Merrill Lynch (Aus) Nominees Pty Ltd)
Zambezi Absolute Return Fund (0.168%), (HSBC Custody Nominees (Australia))
Zambezi Absolute Return Fund (0.116%), (J.P. Morgan Prime Nominees Ltd)
Zambezi Absolute Return Fund (0.163%), (Citicorp Nominees Pty Ltd)
Regal Absolute Return Master Fund (0.030%), (UBS Nominees Pty Ltd)
Regal Absolute Return Master Fund (0.073%), (Merrill Lynch (Aus) Nominees Pty Ltd)
Regal Absolute Return Master Fund (0.023%), (Macquarie Bank Limited)
Regal Absolute Return Master Fund (0.006%), (J.P. Morgan Prime Nominees Ltd)
Regal Absolute Return Master Fund (0.002%), (Citicorp Nominees Pty Ltd)
Amazon Market Neutral Fund (0.052%), (UBS Nominees Pty Ltd)
Amazon Market Neutral Fund (0.032%), (Merrill Lynch (Aus) Nominees Pty Ltd)
Amazon Market Neutral Fund (0.053%), (J.P. Morgan Prime Nominees Ltd)
Amazon Market Neutral Fund (0.061%), (Citicorp Nominees Pty Ltd)
Regal Tactical Opportunities (Offshore) Master Fund (0.142%), (UBS Nominees Pty Ltd)
Regal Tactical Opportunities (Offshore) Master Fund (0.152%), (J.P. Morgan Prime
Nominees Ltd)

(d) registered holder(s) once transfers are registered: Unknown
Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure: (refer attached)

Additional information
Address(es) of substantial product holder(s): Regal Funds Management Pty Ltd
Level 46, 1 Macquarie Place, NSW, 2000, Sydney, Australia
Contact details: Regal Funds Management Pty Ltd
Ph: +61 2 8197 4333
Email:
reception@regalfm.com

Name of any other person believed to have given, or believed to be required to give, a
disclosure under the Financial Markets Conduct Act 2013 in relation to the financial
products to which this disclosure relates:
N/A

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Certification
I, Ian Cameron certify that, to the best of my knowledge and belief, the information
contained in this disclosure is correct and that I am duly authorised to make this disclosure
by all persons for whom it is made.

____________________ Date: 19/08/2025
Ian Cameron
Director
Regal Funds Management

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Attachment
GTK – Disclosure of movement of 1% or more in substantial Shareholding by Regal
Funds Management Pty Limited dated 15/08/2025
Details of Derivative
Parties to the Derivative
UBS Nominees Pty Ltd,
Zambezi Absolute
Return Fund
UBS Nominees Pty
Ltd, Regal Absolute
Return Master Fund

UBS Nominees Pty
Ltd, Amazon Market
Neutral Fund
Notional number of
underlying financial products
84,035 32,118 56,509
Cash or physical settled Cash settled swap Cash settled swap Cash settled swap
Maturity Date 13 September 2027 31 October 2025 17 September 2027
Expiry Date n/a n/a n/a
Entry price AUD 9.48 – AUD 11.52
AUD 8.99 – AUD
11.53
AUD 9.75 – AUD
10.32
How value of derivative
determined by value of the
underlying

Mark to market

Mark to market

Mark to market

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Parties to the Derivative
UBS Nominees Pty Ltd,
Regal Tactical
Opportunities
(Offshore) Master Fund
Merrill Lynch (Aus)
Nominees Pty Ltd,
Zambezi Absolute
Return Fund
Merrill Lynch
(Aus) Nominees
Pty Ltd, Regal
Absolute Return
Master Fund

Notional number of
underlying financial products
153,215 110,322 78,156
Cash or physical settled Cash settled swap Cash settled swap Cash settled swap
Maturity Date 5 July 2028 24 March 2027
6 May 2026 - 11
March 2027
Expiry Date n/a n/a n/a
Entry price AUD 8.77 – AUD 11.46 AUD 9.6 AUD 7.49 – AUD
10.07
How value of derivative
determined by value of the
underlying

Mark to market

Mark to market

Mark to market

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Parties to the Derivative
Merrill Lynch (Aus)
Nominees Pty Ltd,
Amazon Market
Neutral Fund
Macquarie Bank
Limited, Regal
Absolute Return
Master Fund
Goldman Sachs
International,
London, Zambezi
Absolute Return
Fund
Notional number of
underlying financial
products
35,000 25,000 180,808
Cash or physical settled Cash settled swap Cash settled swap Cash settled swap
Maturity Date 15 April 2027 31 July 2026 2 March 2029
Expiry Date n/a n/a n/a
Entry price AUD 9.75 AUD 11.30 AUD 6.015
How value of derivative
determined by value of
the underlying

Mark to market

Mark to market

Mark to market
Parties to the Derivative
J.P. Morgan Prime
Nominees Ltd,
Zambezi Absolute
Return Fund

J.P. Morgan Prime
Nominees Ltd, Regal
Absolute Return Master
Fund
J.P. Morgan Prime
Nominees Ltd,
Amazon Market
Neutral Fund

Notional number of
underlying financial
products
125,002 6,774 57,194
Cash or physical settled Cash settled swap Cash settled swap Cash settled swap
Maturity Date 3 November 2025 2 January 2026 1 December 2026
Expiry Date n/a n/a n/a
Entry price AUD 10.14 AUD 10.90 AUD 10.58
How value of derivative
determined by value of
the underlying

Mark to market

Mark to market

Mark to market

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Parties to the Derivative
J.P. Morgan Prime
Nominees Ltd, Regal
Tactical Opportunities
(Offshore) Master Fund

Citicorp Nominees
Pty Ltd, Zambezi
Absolute Return
Fund
Citicorp Nominees
Pty Ltd, Regal
Absolute Return
Master Fund
Notional number of
underlying financial
products
163,747 175,392 1,865
Cash or physical settled Cash settled swap Cash settled swap Cash settled swap
Maturity Date 1 September 2027 4 October 2027 4 October 2027
Expiry Date n/a n/a n/a
Entry price AUD 8.72 AUD 9.50 AUD 10.64
How value of derivative
determined by value of
the underlying

Mark to market

Mark to market

Mark to market
Parties to the Derivative
Citicorp Nominees
Pty Ltd, Amazon
Market Neutral Fund
Notional number of
underlying financial
products
65,289
Cash or physical settled Cash settled swap
Maturity Date 4 October 2027
Expiry Date n/a
Entry price AUD 11.70
How value of derivative
determined by value of
the underlying

Mark to market