Cobram Estate Olives Limited (ASX:CBO) has disclosed that director Robert Douglas McGavin acquired 218,363 fully paid ordinary shares on 6 November 2026 through the company's dividend reinvestment plan, at a price of $2.5782 per share, according to a Change of Director's Interest Notice lodged with the ASX.

Key Points

  • Director Robert Douglas McGavin acquired 218,363 fully paid ordinary shares on 6 November 2026 at $2.5782 per share via the dividend reinvestment plan.
  • The shares were acquired indirectly through RD & KA McGavin Pty Ltd, increasing that entity's holding from 12,510,763 to 12,729,126 shares.
  • McGavin's direct holding of 29,027,068 shares remained unchanged following the transaction.
  • No shares were disposed of, and the interests were not traded during a closed period.

Dividend Reinvestment Plan Acquisition on 6 November 2026

According to the filing, the 218,363 fully paid ordinary shares were issued to Robert Douglas McGavin under Cobram Estate Olives Limited's dividend reinvestment plan at $2.5782 per share. No shares were disposed of as part of the transaction. The filing confirms the interests were not traded during a closed period and that no prior written clearance was required or sought. The previous Change of Director's Interest Notice for McGavin was dated 3 March 2022.

Director's Holdings Before and After the Change

Prior to the change, McGavin held 29,027,068 shares directly. His indirect holdings spanned five entities: McGavin Investments Pty Ltd with 17,673,984 shares, RD & KA McGavin Pty Ltd with 12,510,763 shares, Bool Investments Pty Ltd with 7,837,170 shares, RD McGavin & KA McGavin with 3,072,744 shares, and Jubilee Park Vines Pty Ltd with 1,951,872 shares. Following the acquisition, the only change was in RD & KA McGavin Pty Ltd, which increased to 12,729,126 shares. All other holdings remained unchanged.

Nature of Indirect Interests Held by McGavin

The filing sets out the basis for McGavin's indirect interests across multiple entities. McGavin is a director of McGavin Investments Pty Ltd, RD & KA McGavin Pty Ltd, Bool Investments Pty Ltd, and Jubilee Park Vines Pty Ltd. He is also identified as a joint holder in relation to RD McGavin & KA McGavin. The filing confirms that no changes to director interests in contracts were recorded, with all fields in Part 2 of the notice listed as not applicable.