Change in Director Interests
Released
Released
Announcement PDF
Manuka Resources Limited - Level 4 Grafton Bond Building, 201 Kent St Sydney NSW Australia 2000
ABN 80 611 963 225 Tel +61 2 7253 2020 www.manukaresources.com.au
ResCap Investments issuing its Manuka shares in-specie to its non-related
shareholders
On 6 January 2023 Manuka's major shareholder at the time, ResCap Investments Pty Ltd
(ResCap) announced through the ASX that it had resolved to make an in-specie distribution
of most of its shareholding in Manuka Resources Limited (Manuka) to its five existing
shareholders, which has been completed.
Since that time, ResCap continued to assist Manuka with loans and at times participation in
equity raisings. A number of ResCap loans to Manuka were converted into equity. The
majority shareholder of ResCap is Manuka executive chairman Dennis Karp through his
investment vehicle Soothgrove Pty Ltd (Soothgrove). ResCap has now executed a buy-back
of all ResCap shares from its shareholders, which leave Dennis Karp as the sole director and
Soothgrove the sole shareholder of ResCap. This outcome is achieved via the proportional
in-specie distribution of the residual Manuka shares as at 6 January 2023 plus those shares
accumulated since, less costs and outstanding creditors of ResCap.
The net effect to Dennis Karp’s beneficial holdings in Manuka shares is zero. He was
previously a 45% shareholder of ResCap and the Manuka shares retained by ResCap (now
100% owned by Soothgrove), following the in-species distribution, equate directly to this
amount. His full holding is detailed below in the Appendix 3Y.
Appendix 3Y follows
ASX Announcement
2 July 2026
ASX: MKR
Appendix 3Y
Change of Director’s Interest Notice
+ See chapter 19 for defined terms.
15/12/2025 Appendix 3Y Page 1
Rule 3.19A.2
Appendix 3Y
Change of Director’s Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and
documents given to ASX become ASX’s property and may be made public.
Introduced 30/09/01 Amended 01/01/11
Name of entity Manuka Resources Limited
ABN 80 611 963 225
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for
the director for the purposes of section 205G of the Corporations Act.
Name of Director Dennis KARP
Date of last notice 18 December 2025
Part 1 - Change of director’s relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest
of a director” should be disclosed in this part.
Direct or indirect interest Indirect
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances
giving rise to the relevant interest.
(a) Rescap Investments Pty Ltd
<Director and Controlling Shareholder>
(b) Soothgrove Pty Ltd
<Director and Shareholder>
(c) Pathold No 53 Pty Ltd ATH Dennis Karp
Super Fund
<Director of Trustee and Beneficiary>
(d) Cockatoo Island Iron Ore Pty Ltd
<Director and Shareholder>
Date of change 2 July 2026
No. of securities held prior to change Total of 80,212,789 Ordinary Shares are held as
follows:
(a) 22,832,857 Ordinary Shares
(b) 35,982,915
20,000,000
Ordinary Shares
Unlisted Options
exercisable at $0.15 on or
before 16 December 2027
(c) 31,641 Ordinary Shares
(d) 1,365,376 Ordinary Shares
Class Ordinary Shares
Number acquired Nil
Appendix 3Y
Change of Director’s Interest Notice
+ See chapter 19 for defined terms.
Appendix 3Y Page 2 01/01/2011
Number disposed 9,058,071 Ordinary Shares
Value/Consideration
Note: If consideration is non-cash, provide
details and estimated valuation
In specie distribution by ResCap Investments Pty
Ltd of shares to its existing shareholders.
No change in beneficial ownership.
No. of securities held after change Total of 67,654,718 Equity Securities are held as
follows:
(a) 10,274,786 Ordinary Shares
(b) 35,982,915
20,000,000
Ordinary Shares
Unlisted Options
exercisable at $0.15 on
or before 16 December
2027
(c) 31,641 Ordinary Shares
(d) 1,365,376 Ordinary Shares
Nature of change
Example: on-market trade, off-market trade,
exercise of options, issue of securities under
dividend reinvestment plan, participation in
buy-back
In specie distribution by ResCap Investments Pty
Ltd of shares to its existing shareholders. No
change in beneficial ownership.
Part 2 – Change of director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest
of a director” should be disclosed in this part.
Detail of contract n/a
Nature of interest n/a
Name of registered holder
(if issued securities)
n/a
Date of change n/a
No. and class of securities to which
interest related prior to change
Note: Details are only required for a
contract in relation to which the
interest has changed
n/a
Interest acquired n/a
Interest disposed n/a
Value/Consideration
Note: If consideration is non-cash,
provide details and an estimated
valuation
n/a
Appendix 3Y
Change of Director’s Interest Notice
+ See chapter 19 for defined terms.
15/12/2025 Appendix 3Y Page 3
Interest after change n/a
Part 3 – +Closed period
Were the interests in the securities or contracts detailed
above traded during a +closed period where prior written
clearance was required?
n/a
If so, was prior written clearance provided to allow the
trade to proceed during this period?
n/a
If prior written clearance was provided, on what date was
this provided?
n/a
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