Regal Funds increases stake in Murray Cod Australia, Mathew Ryan's holding dips

Regal Funds Management Pty Limited and its associates have increased their substantial holding in Murray Cod Australia Ltd, with their voting power rising from 14.83% to 16.27% as of October 2, 2025. This change is based on a reduced share count of 123,882,296. The firm engaged in numerous transactions between June 25, 2024, and October 2, 2025, including a final buy of AUD 3,999,999.70 for 4,210,526 shares.

Concurrently, Mathew Ryan's substantial holding, which includes shares held by M & B Ryan Pty Ltd and Mrs Bonnie Louise Ryan, decreased from 7.67% to 6.08% as of October 2, 2025. This change primarily resulted from dilution following a placement announced on September 26, 2025. Ross Anderson also reported a decrease in his substantial holding, from 6.52% to 5.17%, due to the same dilution event.