Reedy Lagoon Corporation Limited (ASX:RLC) has received a notice of initial substantial holding from Mr Sufian Ahmad, who disclosed a relevant interest in 212,500,000 fully paid ordinary shares, representing 8.34% of voting power, with the holding date recorded as 30 October 2026.

Key Points

  • Mr Sufian Ahmad became a substantial holder in Reedy Lagoon Corporation on 30 October 2026.
  • His relevant interest comprises 212,500,000 fully paid ordinary shares, equating to 8.34% voting power.
  • The interest is held as a direct relevant interest as shareholder, with Mr Sufian Ahmad registered as the holder.
  • Acquisitions totalling 212,500,000 shares were made across two transactions: 80,000,000 shares on 23 October 2026 for $100,000 cash, and 132,500,000 shares on 30 October 2026 for $165,625 cash.

Substantial Holder Details and Voting Power

According to the filing, Mr Sufian Ahmad, an individual residing at 13 Garners Way, Burns Beach WA 6028, holds a relevant interest in 212,500,000 fully paid ordinary shares in Reedy Lagoon Corporation Limited (ACN 006 639 514). The total number of votes attached to those shares is 212,500,000, representing a voting power of 8.34%. No associates are listed in the notice, with the filing recording nil associations. The nature of the relevant interest is described as a direct relevant interest as shareholder.

Acquisition Transactions and Consideration Paid

The filing discloses two separate cash acquisitions made in the four months prior to Mr Ahmad becoming a substantial holder. On 23 October 2026, 80,000,000 fully paid ordinary shares were acquired for cash consideration of $100,000. A further 132,500,000 fully paid ordinary shares were acquired on 30 October 2026 for cash consideration of $165,625. Both transactions were conducted with Mr Sufian Ahmad as both the holder of the relevant interest and the registered holder of the securities. No non-cash consideration was disclosed for either transaction.

Registered Holder and Filing Information

The filing states that Mr Sufian Ahmad is the registered holder of all 212,500,000 fully paid ordinary shares to which the substantial holding notice relates. He is also identified as the person entitled to be registered as holder of those securities. The notice was lodged under Section 671B of the Corporations Act 2001 using Form 603, which requires disclosure upon a person first becoming a substantial holder. The form was signed by Mr Sufian Ahmad in his capacity as an individual.