Pacific Current : Becoming a Substantial Holder

Form 603

Corporations Act 2001

			Section 671B
	Notice of initial substantial holder
To Company Name/Scheme		Pacific Current Group Ltd (PAC)
ACN/ARSN	006 708 792
1. Details of substantial holder (1)
Name		Regal Funds Management Pty Ltd (RFM)
ACN/ARSN (if applicable)	107 576 821
The holder became a substantial	holder on	11/11/2021

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
ORDINARY	3,000,671	3,000,671	*5.88%

*The % substantial is based on the shares on issue of 51,037,552 as disclosed by the Company on 07-10-2021.

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
	REGAL FUNDS MANAGEMENT PTY LIMITED HAS
REGAL FUNDS MANAGEMENT PTY LIMITED	A RELEVANT INTEREST IN ITS CAPACITY AS	3,000,671 ORDINARY
	INVESTMENT MANAGER AND/OR TRUSTEE

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

		Person entitled to be registered	Nature of	Class and	Person's
Holder of relevant interest	Registered holder of securities	relevant interest	number of
		as holder (8)	(6)	securities	votes
UBS AG, AUSTRALIA	UBS NOMINEES PTY LTD	UBS AG, AUSTRALIA BRANCH	HOLDER OF	2,440,904	2,440,904
BRANCH	SHARES	ORDINARY
MERRILL LYNCH	MERRILL LYNCH (AUS)	MERRILL LYNCH	HOLDER OF	559,767	559,767
INTERNATIONAL LIMITED	NOMINEES PTY LTD	INTERNATIONAL LIMITED	SHARES	ORDINARY

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest

Date of acquisition

Consideration (9)

Class and number of securities

See Annexure 1

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)

Nature of association

NOT APPLICABLE

7. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Kenny Ho	LEVEL 47 GATEWAY 1 MACQUARIE PLACE SYDNEY NSW
2000

Signature

		print name	Kenny Ho		capacity	Company Secretary
		sign here				date	15/11/2021
Annexure 1
Consideration
						Considerati
						on given in	Number of		Persons
		Person whose relevant interest	Nature of	relation to	securities	Class of	votes
Date		changed		Change	change	affected	securities	affected
14/10/2021		Regal Funds Management		Buy	6991240.23	935909	Ordinary	935909
26/10/2021		Regal Funds Management		Buy	7396250.40	960552	Ordinary	960552
10/11/2021		Regal Funds Management		Buy	7050000.00	1000000	Ordinary	1000000
10/11/2021		Regal Funds Management		Buy	2777996.10	394042	Ordinary	394042
11/11/2021		Regal Funds Management		Buy	621432.00	86310	Ordinary	86310