Global Masters Fund Limited (ASX:GFL) has disclosed a change in the relevant interests of director Angela Obree, following the conversion of 3,226 convertible notes into 3,226 ordinary shares on 12 November 2026, with the transaction carried out through Obree Pty Ltd.

Key Points

  • Director Angela Obree converted 3,226 convertible notes (GFLGA) into 3,226 ordinary shares on 12 November 2026
  • The transaction was conducted indirectly through Obree Pty Ltd, of which Angela Obree is a director
  • The consideration for the conversion was $10,000.60
  • Following the change, Obree Pty Ltd holds 3,226 ordinary shares and nil convertible notes

Conversion of Convertible Notes Under Note Terms

According to the filing, the nature of the change is described as a conversion of convertible notes to ordinary shares in accordance with the Note Terms. Prior to the transaction, Obree Pty Ltd held nil ordinary shares and 3,226 convertible notes designated as Class B (GFLGA). Following completion of the conversion on 12 November 2026, the entity holds 3,226 ordinary shares and no remaining convertible notes. The transaction was classified as an indirect interest, with Obree Pty Ltd recorded as the registered holder.

Director's Indirect Interest Structure

The filing identifies Angela Obree's interest in the securities as indirect, arising through Obree Pty Ltd, in which she serves as a director. The previous director's interest notice for Angela Obree was dated 24 November 2021. The disclosure was lodged by Global Masters Fund Limited under listing rule 3.19A.2 and as agent for the director under section 205G of the Corporations Act. The company's ABN is listed in the filing as 84 109 047 618.

Closed Period and Contract Interest Disclosures

The filing states that the interests in securities were not traded during a closed period where prior written clearance was required. Part 2 of the notice, which covers changes in director's interests in contracts, was recorded as not applicable, with no contract details, interest acquired or disposed, or consideration disclosed under that section. Part 3 confirms no prior written clearance was sought or provided in connection with this transaction.