Merger Completion – VGI Partners and Regal Funds Management
Regal Partners Limited (formerly VGI Partners Limited) is pleased to announce the completion of its merger with Regal Funds Management Pty Limited in accordance with the terms of the Merger Implementation Deed dated 30 March 2022. The company has acquired all of the shares in Regal in consideration for the issue of 141,008,460 new fully paid ordinary shares in the company to Regal shareholders.
The company’s name has been changed from “VGI Partners Limited” to “Regal Partners Limited”.
ANTICIPATED CHANGE OF ASX TICKER CODE TO "RPL"
The company has requested that ASX change the company’s ASX ticker code from "VGI" to "RPL" and will make an announcement to the ASX when such change has been completed.
CHANGES TO BOARD OF DIRECTORS AND COMPANY SECRETARY
Darren Steinberg and Benjamin Pronk have resigned as directors of the company. Robert Luciano resigned as Executive Chairman and director but will continue as Chief Investment Officer for the VGI Partners investment team within the broader group. The Board thanks each of the outgoing directors for their contribution to the Company. Michael Cole, Sarah Dulhunty and Ian Gibson have been appointed as new directors of the company. Michael Cole has been appointed as Independent Chair, Sarah Dulhunty will sit as an Independent Non-Executive Director, and Ian Gibson has been appointed as an Executive Director of the company.
David Jones has transitioned from being an Executive Director to a Non-Executive Director of the company.
Kathleen Liu has also been appointed as Joint Company Secretary of the Company. Ian Cameron, the company's existing Company Secretary, will continue as Joint Company Secretary alongside Kathleen Liu.
CHANGES TO THE COMPANY’S CONSTITUTION
Following approval from the company's shareholders at its Annual General Meeting, the company has also adopted the changes to its constitution set out in the Notice of Meeting dated 27 April 2022. These were proposed to align the company's constitution with recent developments in corporate law and governance, including to permit electronic meetings, the requirement to conduct certain resolutions by way of a poll, and updates in anticipation of potential changes to the ASX's CHESS system.
APPOINTMENT OF CHIEF EXECUTIVE OFFICER AND MANAGING DIRECTOR
Brendan O'Connor has assumed the role of Chief Executive Officer and Managing Director of the company following his appointment by the Board of Directors. Brendan has over 25 years’ experience in financial markets and asset management and was previously Chief Executive Officer of Regal. In addition, Brendan is a Director of Kilter Pty Ltd, a Director of Attunga Capital Pty Ltd and a Director of Gresham Royalties Management Pty Ltd. Prior to these roles, Brendan was Chief Financial Officer of Challenger’s Asset Management and then Funds Management businesses and served as a director on the boards of several listed investment trusts and several of Fidante Partners’ boutique asset managers.