I reckon Regal is buying more.
Note that "A further notice needs to be filed within 2 business days after each subsequent voting power change of 1 percentage point or more".
https://content.allens.com.au/the-allens-handbook-on-takeovers-in-australia/shareholding-thresholds/
Regal disclosed an initial 5.49% substantial shareholding around 16 September last year. No need to issue another subtantial shareholder notice until they have a 6.49% or higher shareholding.
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- Ann: Funds Under Management - December 2022
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