Companies / AEG

ALAND EQUITY GROUP LIMITED

ASX:AEGFinancial Services
744.8M shares on issueASX (delayed) · snapshot 11 Sept 2026807.5M fully diluted+8.4% if every option and right converts$0.094price · delayed$70.0Mmarket cap · indicative

Today’s holders own 92.2% of what they think they own, once every option and right converts.

Moderate
Dilution riskprovisional — limited history

Runway 2–4 quarters; share count grew 35% in 24 months; 6% of shares in the money; since relisting as AEG; prior history under EQS not included

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway3.0 quarters of funding
Share-count growth (24m)34.6%since relisting as AEG; prior history under EQS not included
Raise cadence (24m)1 cash raisesince relisting as AEG; prior history under EQS not included
Options & rights overhang8.4% of shares
In-the-money supply6.3% of shares
Pending proposed issuesnone

ALAND EQUITY GROUP LIMITED's ordinary share count grew 34.6% between January 2026 and July 2026, to 745M shares. In the past 24 months, the company completed one capital raise, a A$1.1M placement in February 2026. Options and rights on issue could convert into 63M new shares, representing 8.4% of the current share count, with 6% in the money. The nearest expiry for these is December 2026. As of the June 2026 quarter, the company held A$2.3M in cash, sufficient for approximately 3.0 quarters at its recent expenditure rate. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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8.4%
Options & rights overhang
6.3%
In-the-money supply
1
Raises · last 12 months
3.0 qtrs
Cash cover · 2–4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Shown since relisting as AEG (29 Dec 2025); prior history under EQS is not included. Latest count 744.8M per ASX (delayed) (snapshot 11 Sept 2026).
550M600M650M700M750MDec 25May 26Sept 26Cash raise · 20 Feb 2026744.8M

Cash runway

3.0 qtrs
Two to four quarters of funding at the recent spend rate.
Funds operations to about Mar 2027 at the reported spend rate.
$2.3M cash after burn from the quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds. Filed with the quarterly report: $2.9M cash at quarter end (item 4.6), 3.9 qtrs of funding on the company’s own estimate. Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.
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3 quarters on record — Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 30 June 2026.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
4 Aug 20263H · cancellationAEG : ORDINARY FULLY PAID744.8MAppendix 3H
31 July 20262A · quoted issueAEG : ORDINARY FULLY PAID744.8MAppendix 2A
10 June 20262A · quoted issueAEG : ORDINARY FULLY PAID743.8MAppendix 2A
27 May 20262A · quoted issueAEG : ORDINARY FULLY PAID720.5MAppendix 2A
20 May 20262A · quoted issueAEG : ORDINARY FULLY PAID719.4MAppendix 2A
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21 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

1 cash raise in the last 24 months · 1 in the last 12 months · counted since relisting as AEG (29 Dec 2025); prior history under EQS is not included

$1.1M
Placement
20 Feb 2026 COMPLETE
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3 raises on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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Forward supply

Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.

44.7M of option supply could convert within 12 months — 6.0% of shares on issue
44.7M in the money, expiring in the window
Out-of-the-money options are excluded — at today’s price they expire rather than convert. So is condition-triggered supply, which has no expiry and no price, and convertibles that convert on their own terms rather than on a date.
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6 dated events on record — Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
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Placement capacity

How much stock a company can place without asking holders. Listing Rule 7.1 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.

No estimate — no share count old enough to measure 15% of.
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Placement capacity — LR 7.1 / 7.1A
The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

8.4%
Options & rights overhang · of current shares
6.3%
In-the-money supply · at current price
62.7M
Potential new shares
Dec 2026
Nearest expiry
What this supply is, and what converts it
  • Price-triggered50.1M · 6.7% of shares
    Options and warrants — they convert when the share price clears their exercise price.
  • Condition-triggered12.6M · 1.7% of shares
    Performance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.

Exercise price on record: 50.1M priced (of which 46.7M in the money), 12.6M where the filing never states one. A security with no exercise price is never counted in the money — nothing is paid to convert it, so there is no price for it to be above.

Each figure is the filing’s own count of securities, not a share count — a 2A never states what one security converts into.

What a price move would switch on
31.3M62.7M$0.094 now0.25× today ($0.024) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.047) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.071) — 46.7M of the priced supply in the money, 6.3% of shares on issue1× today ($0.094) — 46.7M of the priced supply in the money, 6.3% of shares on issue1.25× today ($0.117) — 48.7M of the priced supply in the money, 6.5% of shares on issue1.5× today ($0.141) — 48.7M of the priced supply in the money, 6.5% of shares on issue2× today ($0.188) — 50.1M of the priced supply in the money, 6.7% of shares on issue3× today ($0.282) — 50.1M of the priced supply in the money, 6.7% of shares on issue5× today ($0.470) — 50.1M of the priced supply in the money, 6.7% of shares on issue10× today ($0.940) — 50.1M of the priced supply in the money, 6.7% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.094 today, 46.7M securities are in the money (6.3% of shares on issue). No more priced supply until 1.25× today’s price, which takes it to 48.7M (6.5% of shares).

  • Priced supply in the money at the price on the axis — the curve, and the only thing on it. Ten prices, sampled: between two of them the true figure lies between the two.
  • 12.6M (20.1% of the supply above) states no exercise price at all. It cannot be called in or out of the money at any price, which is why it is hatched rather than plotted.
CodeSecurityTypeExercise priceExpiryOn issueSource
AEGAMOptionsPrice-triggered$0.1013 Dec 20262.0MFiling
AEGAIOptionsPrice-triggered$0.1513 Dec 20261.4MFiling
AEGAOOptionsPrice-triggered$0.05019 Dec 202632.2MFiling
AEGAJOptionsPrice-triggered$0.05015 Mar 20274.5MFiling
AEGAPOptionsPrice-triggered$0.05019 June 20278.0MFiling
AEGANOptionsPrice-triggered$0.05013 Dec 20272.0MFiling
AEGABPerformance rightsCondition-triggered——12.6MFiling Meeting

“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column.

A condition-triggered class has no exercise price and usually no expiry: what it vests on is set by a shareholder resolution, not by the register. Where the company lodged a notice of meeting before the class first appears here, it is linked as “Meeting” — that is where terms of this kind are put to shareholders. It is not confirmation that the document sets this class’s conditions, and no link appears where there is no such filing.

1 class ceased in the last 12 months and is not counted above
The company’s own Appendix 2A restates each of these at zero. They are excluded from the overhang, the in-the-money supply and every figure on this page. Each count is the filing’s own count of securities in the class, not a share count — a 2A never states what one security converts into.
  • AEGALCondition-triggered4.0M securities → 09 Feb 2026 Appendix 2A
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7 option lines on record — In-the-money value & price ladder
What each line is worth in the money today, the price ladder to the next tranche that converts, and the filing description behind every code.
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Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
7 Sept 2026David TildesleySell on-market———$2k3Y notice
7 Sept 2026David TildesleySell on-market300k——$2k3Y notice
1 Sept 2026David TildesleySell on-market———$8k3Y notice
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25 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

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Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

10 Sept 2026Replacement Change of Director's Interest Notice
10 Sept 2026Change of Director's Interest Notice
4 Sept 2026Change of Director's Interest Notice
30 Aug 2026Appendix 4G and Corporate Governance Statement
30 Aug 2026$PAppendix 4E and FY26 Annual Report
30 Aug 2026$PAEG Executes Elm Grove Heights Management Rights Agreement
26 Aug 2026$PChinnerys Fund Income Estimated at $32m Per Annum
25 Aug 2026Change of Director's Interest Notice x2
14 Aug 2026Change of Director's Interest Notice
12 Aug 2026AEG Investor Webinar - Capital-Light Investment Model
4 Aug 2026Notification of cessation of securities - AEG
31 July 2026$PQuarterly Activities/Appendix 4C Cash Flow Report
31 July 2026Cleansing Notice
31 July 2026Application for quotation of securities - AEG
30 July 2026$PCommencement of Capital-Light Property Funds Strategy
28 July 2026Change of Director's Interest Notice
2 July 2026Appointment of Chief Operating and Financial Officer
22 June 2026$PAEG Executes Chinnerys Property Funding Deed
15 June 2026Change of Director's Interest Notice
12 June 2026Updated Change of Director's Interest Notice

Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.