SPH Notice – Regal Funds Management Pty Ltd

100080615/3821102.1
1
Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
Note: This form must be completed in accordance with the instructions at the end of the
form.
To NZX Limited
and
To EROAD Limited
Date this disclosure made: 20 September 2023
Date on which substantial holding began: 18 September 2023
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, (NZX: ERD, ISIN: NZERDE0001S5)
Summary for Regal Funds Management Pty Ltd
For this disclosure,—
(a) total number held in class: 9,714,948

(b) total in class: 154,881,618
(c) total percentage held in class: 6.27%
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
Ltd having the power to acquire or dispose of financial products in its capacity as trustee
and investment manager of the Regal Australian Small Companies Fund & Regal Emerging
Companies Fund III.
For that relevant interest,—
(a) number held in class: 9,714,948
(b) percentage held in class: 6.27%
(c) current registered holder(s):
Regal Australian Small Companies Fund (3.59%), (Custodian – UBS Nominees Pty Ltd)
Regal Emerging Companies Fund III (2.68%), (Custodian –
Merrill Lynch (Aus) Nominees Pty
Ltd
)

100080615/3821102.1
2
Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure: Relevant interest in EROAD
Limited shares arising via private placement.
Date Buy/Sell
Transaction Type Shares Consideration
18/09/2023 Buy Private Placement 10,000,000 $7,000,000.00 NZD

Additional information
Address(es) of substantial product holder(s): Regal Funds Management Pty Ltd
Level 47, 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
Certification
I, Kenny Ho 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: 20/09/2023
Kenny Ho
Secretary
Regal Funds Management