Companies / AHE

ADHERIS HEALTH LIMITED

ASX:AHEHealth Care Equipment & Services
638.0M shares on issueASX (delayed) · snapshot 11 Sept 2026746.4M fully diluted+17.0% if every option and right converts$0.013price · delayed$8.3Mmarket cap · indicative

Today’s holders own 85.5% of what they think they own, once every option and right converts.

Minimal
Dilution riskprovisional — limited history

Options/rights overhang 17% of shares; since relisting as AHE; prior history under MDR not included

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwaycash-generative (no net burn)
Share-count growth (24m)0.2%since relisting as AHE; prior history under MDR not included
Raise cadence (24m)0 cash raisessince relisting as AHE; prior history under MDR not included
Options & rights overhang17.0% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

ADHERIS HEALTH LIMITED's ordinary share count was 638M as of July 2026, an increase of 0.2% since January 2026. This figure, and all other figures below, covers only the period since the company began trading as ADHERIS HEALTH LIMITED in December 2025, after its rename from MDR. The company has not raised capital and has no pending proposed securities issues. Options and rights on issue could convert into 108M new shares, representing 17.0% of the current share count, with the nearest expiry in April 2028; none are currently in the money. At the June 2026 quarter, the company reported A$9.7M in available cash, and noted non-negative net cash flow, meaning no funding-runway figure applies.

AI-generated summary of this page's cited filings · updated 29 Aug 2026
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17.0%
Options & rights overhang
0.0%
In-the-money supply
0
Raises · last 12 months
No net burn
Cash cover · cash-generative

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Shown since relisting as AHE (1 Dec 2025); prior history under MDR is not included. Latest count 638.0M per ASX (delayed) (snapshot 11 Sept 2026).
636.5M637.0M637.5M638.0MDec 25Apr 26Sept 26638.0M

Cash runway

—
The latest quarterly report shows no net cash burn, so there is no cash-out date.
$9.7M 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: $9.5M cash at quarter end (item 4.6), 41.9 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
10 July 20263H · cancellationAHE : ORDINARY FULLY PAID638.0MAppendix 3H
8 July 20262A · quoted issueAHE : ORDINARY FULLY PAID638.0MAppendix 2A
9 Apr 20263H · cancellationAHE : ORDINARY FULLY PAID637.1MAppendix 3H
9 Apr 20263G · unquotedAHE : ORDINARY FULLY PAID637.1MAppendix 3G
9 Apr 20262A · quoted issueAHE : ORDINARY FULLY PAID637.7MAppendix 2A
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9 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

No equity raises on record since relisting as AHE (1 Dec 2025); prior history under MDR is not included.
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1 raise 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.

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7 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.

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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

17.0%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
108.4M
Potential new shares
Apr 2028
Nearest expiry
What a price move would switch on
54.2M108.4M$0.013 now0.25× today ($0.003) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.006) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.010) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.013) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.016) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.019) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.026) — 0 of the priced supply in the money, 0.0% of shares on issue3× today ($0.039) — 60.0M of the priced supply in the money, 9.4% of shares on issue5× today ($0.065) — 60.0M of the priced supply in the money, 9.4% of shares on issue10× today ($0.130) — 60.0M of the priced supply in the money, 9.4% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.013 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 3× today’s price, which takes it to 60.0M (9.4% 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.
  • 37.9M (34.9% 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.
  • 10.5M more carries an exercise price above ten times today’s — off the right of this axis, and in every total on this page.
CodeSecurityTypeExercise priceExpiryOn issueSource
AHEAALOptionsPrice-triggered$0.2030 Apr 20285.0MFiling
AHEAYOptionsPrice-triggered$0.4028 May 2028659kFiling
AHEAZOptionsPrice-triggered$0.4328 May 2028608kFiling
AHEAAAOptionsPrice-triggered$0.5028 May 20281.1MFiling
AHEAABOptionsPrice-triggered$0.5828 May 20281.2MFiling
AHEAPOptionsPrice-triggered$0.7030 Oct 20292.0MFiling
AHEABOptionsPrice-triggered$0.03030 June 203560.0MFiling
AHEAIOptionsPrice-triggered——37.9MFiling

“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.

5 classes ceased in the last 12 months and are 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.
  • AHEAWPrice-triggered140k securities → 08 Feb 2026 Appendix 2A
  • AHEAXPrice-triggered75k securities → 08 Feb 2026 Appendix 2A
  • AHEAADPrice-triggered200k securities → 015 Jan 2026 Appendix 2A
  • AHEAAEPrice-triggered200k securities → 015 Jan 2026 Appendix 2A
  • AHEAAFPrice-triggered200k securities → 015 Jan 2026 Appendix 2A
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8 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
12 May 2026John CiccioBuy on-market639k30.0M——3Y notice
11 May 2026John CiccioBuy on-market324k30.0M—$60k3Y notice
10 Apr 2026John CiccioOther—30.0M——3Y notice
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6 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

1 Sept 2026FY26 Results Presentation
31 Aug 2026Change of Chief Financial Officer
30 Aug 2026$PAdheris FY26 Results
30 Aug 2026FY26 Annual Report
30 Aug 2026Appendix 4G and Corporate Governance Statement
30 Aug 2026$PAppendix 4E
28 Aug 2026Full year results release date and webinar invitation
31 July 2026Becoming a substantial holder
31 July 2026$PAdheris Health legal claim
22 July 2026$P4Q FY26 Quarterly Activity Report and Appendix 4C
10 July 2026Notification of cessation of securities - AHE
8 July 2026Application for quotation of securities - AHE
1 July 2026Appendix 3X - John Murray
1 July 2026Appendix 3Z - Sean Slattery
24 June 2026Change in substantial holding
11 June 2026Appointment of John Murray as Non-Executive Director
19 May 2026Appendix 3Y - John Ciccio
12 May 2026Appendix 3Y - John Ciccio
28 Apr 2026$PQ3 FY26 Results Presentation
27 Apr 2026$P3Q FY26 Quarterly Activity Report and Appendix 4C

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