Global Masters Fund Limited (ASX:GFL) has disclosed a change in director Murray d'Almeida's relevant interests in securities, following the conversion of 1,613 convertible notes (GFLGA) into 1,613 ordinary shares on 12 November 2026, with consideration of $5,000.30.

Key Points

  • Director Murray d'Almeida converted 1,613 convertible notes (GFLGA) into 1,613 ordinary shares on 12 November 2026
  • The conversion was conducted in accordance with the Note Terms, at a value/consideration of $5,000.30
  • Following the change, d'Almeida holds 1,613 ordinary shares directly and 2,578 ordinary shares indirectly via related party Catherine d'Almeida, with nil convertible notes remaining
  • The transaction did not occur during a closed period requiring prior written clearance

Conversion of Convertible Notes to Ordinary Shares

According to the filing lodged with ASX, director Murray d'Almeida's convertible notes holding of 1,613 notes (GFLGA) was converted into 1,613 ordinary shares in Global Masters Fund Limited. The nature of the change was described as the conversion of convertible notes to ordinary shares in accordance with the Note Terms. The consideration associated with the transaction was recorded as $5,000.30. Prior to the change, d'Almeida held 1,613 convertible notes directly and 2,578 ordinary shares indirectly. The last director's interest notice prior to this disclosure was dated 24 November 2021.

Director's Securities Holdings After the Change

Following the conversion on 12 November 2026, Murray d'Almeida's direct holding comprises 1,613 ordinary shares in Global Masters Fund Limited. His indirect interest, held via related party Catherine d'Almeida, remains unchanged at 2,578 ordinary shares. The filing confirms that d'Almeida's holding of convertible notes (GFLGA) has reduced to nil as a result of the conversion. The filing discloses both direct and indirect interests, with the indirect interest arising through a related party as described in the notice submitted under ASX Listing Rule 3.19A.2 and section 205G of the Corporations Act.

Closed Period and Contract Interest Disclosures

The filing states that the interests in securities detailed in the notice were not traded during a closed period in which prior written clearance was required. Accordingly, the questions relating to prior written clearance and the date of any such clearance were marked as not applicable. With respect to Part 2 of the Appendix 3Y form, which covers changes in a director's interests in contracts, Global Masters Fund Limited disclosed no applicable contract details, with all relevant fields recorded as not applicable or left blank in accordance with the form's requirements.