Regal Funds Management cuts NobleOak Life stake by over two percentage points

Regal Funds Management Pty Limited and its associates have decreased their substantial holding in NobleOak Life Ltd (NOL), with their voting power falling from 17.51% to 15.34%. This represents a reduction of 2,000,000 ordinary shares, resulting in a total of 14,254,754 votes as of October 9, 2025.

The change in relevant interests occurred on October 9, 2025, when Regal Funds Management Pty Limited sold 2,000,000 ordinary shares for a consideration of AUD 3,100,000. Prior to this, smaller acquisitions of ordinary shares were made on September 2, 2025 (1,011 shares for AUD 1,506.39), September 3, 2025 (14 shares for AUD 21.14), and September 4, 2025 (384 shares for AUD 579.84).

Separately, Andrew Crawfurd Gale, a director of NobleOak Life Limited, acquired 483 ordinary shares on October 3, 2025, through an on-market trade. These shares are held indirectly in a custodial arrangement for the Gale Family Superannuation Fund. Following this acquisition, Mr. Gale’s total indirect holding increased to 50,483 ordinary shares, with the consideration for the acquisition being AUD 732.17.