Opthea Ltd — Major Shareholding Notification 2019

Dec 9, 2019

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme ACN/ARSN

Opthea Ltd (OPT) 006 340 567

1. Details of substantial holder (1)

Name

ACN/ARSN (if applicable)

Regal Funds Management Pty Ltd (RFM) 107 576 821

There was a change in the interests of the substantial holder on

holder on 6/12/2019

The previous notice was given to the company on 27/08/2019

The previous notice was dated 23/08/2019

2. Previous and present 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 when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

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Previous notice Current notice
Class of securities (4)
Person's votes Voting power (5) Person's votes Voting power (5)
ORDINARY 32,051,888 12.83% 31,391,439 11.66%
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3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)	Class and number of securities
	See Annexure 1

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
UBS AG, AUSTRALIA BRANCH	UBS NOMINEES PTY LTD	UBS AG, AUSTRALIA BRANCH	HOLDER OF SHARES	14,838,611 ORDINARY	14,838,611
MORGAN STANLEY & CO INTL PLC	HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED A/C 2	MORGAN STANLEY & CO INTL PLC	HOLDER OF SHARES	2,865,230 ORDINARY	2,865,230
MERRILL LYNCH INTERNATIONAL LIMITED	MERRILL LYNCH (AUS) NOMINEES PTY LTD	MERRILL LYNCH INTERNATIONAL LIMITED	HOLDER OF SHARES	9,772,792 ORDINARY	9,772,792
CREDIT SUISSE SECURITIES EUROPE LTD	CREDIT SUISSE SECURITIES EUROPE LTD	CREDIT SUISSE SECURITIES EUROPE LTD	HOLDER OF SHARES	3,914,806 ORDINARY	3,914,806

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable) Nature of association NOT APPLICABLE The addresses of persons named in this form are as follows: Name Address LEVEL 47 GATEWAY 1 MACQUARIE PLACE SYDNEY PHILIP KING NSW 2000

6. Addresses

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

Signature

print name Kenny Ho capacity Company Secretary sign here date 10/12/2019

Annexure 1

Changes in relevant interests

					Consideration
					given in	Number of		Persons
				Nature of	relation to	securities	Class of	votes
Date	Person	whose	relevant interest changed	Change	change	affected	securities	affected
28/08/2019		Regal	Funds Management	Sell	128440.00	40000	Ordinary	40000
29/08/2019		Regal	Funds Management	Sell	224011.64	70827	Ordinary	70827
29/08/2019		Regal	Funds Management	Sell	160020.00	50000	Ordinary	50000
30/08/2019		Regal	Funds Management	Sell	1314049.18	388588	Ordinary	388588
30/08/2019		Regal	Funds Management	Sell	405444.00	120000	Ordinary	120000
2/09/2019		Regal	Funds Management	Buy	336721.96	86224	Ordinary	86224
3/09/2019		Regal	Funds Management	Buy	79578.57	20605	Ordinary	20605
5/09/2019		Regal	Funds Management	Buy	25728.54	7031	Ordinary	7031
6/09/2019		Regal	Funds Management	Sell	73385.87	19040	Ordinary	19040
6/09/2019		Regal	Funds Management	Buy	228918.00	60000	Ordinary	60000
9/09/2019		Regal	Funds Management	Buy	63350.37	16637	Ordinary	16637
9/09/2019		Regal	Funds Management	Buy	100025.67	26115	Ordinary	26115
10/09/2019		Regal	Funds Management	Sell	5924.20	1559	Ordinary	1559
11/09/2019		Regal	Funds Management	Buy	15935.33	4629	Ordinary	4629
17/09/2019		Regal	Funds Management	Sell	244000.88	67609	Ordinary	67609
17/09/2019		Regal	Funds Management	Buy	161775.58	45166	Ordinary	45166
18/09/2019		Regal	Funds Management	Buy	270032.00	70000	Ordinary	70000
18/09/2019		Regal	Funds Management	Sell	579495.00	150000	Ordinary	150000
19/09/2019		Regal	Funds Management	Buy	16652.47	4479	Ordinary	4479
19/09/2019		Regal	Funds Management	Sell	1244587.50	333000	Ordinary	333000
20/09/2019		Regal	Funds Management	Sell	742000.00	200000	Ordinary	200000
23/09/2019		Regal	Funds Management	Sell	32519.25	8730	Ordinary	8730
24/09/2019		Regal	Funds Management	Sell	44760.00	12000	Ordinary	12000

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24/09/2019 Regal Funds Management Sell 384959.00 101305 Ordinary 101305
25/09/2019 Regal Funds Management Sell 63188.87 17351 Ordinary 17351
26/09/2019 Regal Funds Management Sell 374345.74 103439 Ordinary 103439
27/09/2019 Regal Funds Management Sell 68062.00 20000 Ordinary 20000
30/09/2019 Regal Funds Management Sell 506247.84 148043 Ordinary 148043
1/10/2019 Regal Funds Management Sell 131079.36 36755 Ordinary 36755
2/10/2019 Regal Funds Management Buy 16592.79 4745 Ordinary 4745
2/10/2019 Regal Funds Management Sell 52108.36 14883 Ordinary 14883
3/10/2019 Regal Funds Management Buy 5144964.60 1659666 Ordinary 1659666
3/10/2019 Regal Funds Management Sell 148050.00 45000 Ordinary 45000
3/10/2019 Regal Funds Management Sell 226845.45 69097 Ordinary 69097
3/10/2019 Regal Funds Management Sell 897204.00 280000 Ordinary 280000
8/10/2019 Regal Funds Management Sell 54782.21 16021 Ordinary 16021
9/10/2019 Regal Funds Management Sell 47930.23 14011 Ordinary 14011
10/10/2019 Regal Funds Management Sell 122997.00 35000 Ordinary 35000
11/10/2019 Regal Funds Management Sell 118664.00 35000 Ordinary 35000
14/10/2019 Regal Funds Management Sell 75971.10 23114 Ordinary 23114
15/10/2019 Regal Funds Management Sell 190443.26 59120 Ordinary 59120
16/10/2019 Regal Funds Management Sell 68276.70 20638 Ordinary 20638
17/10/2019 Regal Funds Management Sell 8888.99 2657 Ordinary 2657
18/10/2019 Regal Funds Management Sell 3578502.95 1008029 Ordinary 1008029
21/10/2019 Regal Funds Management Buy 74076.76 20835 Ordinary 20835
22/10/2019 Regal Funds Management Sell 335502.00 90000 Ordinary 90000
22/10/2019 Regal Funds Management Buy 109674.00 30000 Ordinary 30000
23/10/2019 Regal Funds Management Buy 139170.00 37323 Ordinary 37323
24/10/2019 Regal Funds Management Buy 102945.26 27620 Ordinary 27620
24/10/2019 Regal Funds Management Buy 138281.76 37785 Ordinary 37785
25/10/2019 Regal Funds Management Sell 75038.00 20000 Ordinary 20000
25/10/2019 Regal Funds Management Sell 724000.00 200000 Ordinary 200000
30/10/2019 Regal Funds Management Buy 31424.25 9422 Ordinary 9422
30/10/2019 Regal Funds Management Buy 25303.53 7563 Ordinary 7563
31/10/2019 Regal Funds Management Buy 137861.40 39416 Ordinary 39416
31/10/2019 Regal Funds Management Buy 119458.67 34221 Ordinary 34221
1/11/2019 Regal Funds Management Buy 153874.26 45815 Ordinary 45815
4/11/2019 Regal Funds Management Buy 85086.61 25550 Ordinary 25550
4/11/2019 Regal Funds Management Sell 94718.12 28570 Ordinary 28570
5/11/2019 Regal Funds Management Sell 131507.99 40028 Ordinary 40028
5/11/2019 Regal Funds Management Buy 70573.45 21371 Ordinary 21371
5/11/2019 Regal Funds Management Sell 154943.75 47675 Ordinary 47675
6/11/2019 Regal Funds Management Sell 84666.30 26364 Ordinary 26364
6/11/2019 Regal Funds Management Buy 8128.39 2523 Ordinary 2523
6/11/2019 Regal Funds Management Sell 17161.92 5413 Ordinary 5413
4/12/2019 Regal Funds Management Buy 33000.00 11000 Ordinary 11000
6/12/2019 Regal Funds Management Buy 2663000.90 1004906 Ordinary 1004906
Regal Funds Management Sell 0.00 0 Ordinary 0
Regal Funds Management Sell 0.00 0 Ordinary 0
Regal Funds Management Sell 0.00 0 Ordinary 0
Regal Funds Management Sell 0.00 0 Ordinary 0
Regal Funds Management Sell 0.00 0 Ordinary 0
Regal Funds Management Sell 0.00 0 Ordinary 0
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