BANNERMAN ENERGY LTD
ASX:BMNEnergyToday’s holders own 98.9% of what they think they own, once every option and right converts.
Share count grew 34% in 24 months; 3 cash raises in 24 months
Low because 4 of its 6 signals are quiet.
BANNERMAN ENERGY LTD's ordinary share count grew 33.8% between September 2024 and October 2026, its latest share-count filing, to 239M shares. It raised capital three times in the past 24 months, totaling A$209.4M, most recently a Placement (with Share Purchase Plan) in September 2026 raising A$124.4M. Options and rights on issue could convert into 3M new shares, a 1.1% overhang, with none in the money and the nearest expiry in November 2026. The company has more than 4 quarters of funding at the recent spend rate. No proposed securities issues are pending.
Quick answers · 4
When did BMN last raise capital?
The last capital raise in Bannerman Energy's filings is Placement (with Share Purchase Plan) of $124.4M announced 9 Sept 2026, one of 2 cash raises in 24 months.
How much cash does BMN have?
In its quarterly cash report for the quarter ended 30 June 2026, Bannerman Energy reported $53.1M of cash and estimated 8.1 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do BMN's options expire?
Unexercised options and rights equal 1.1% of Bannerman Energy's shares on issue; the nearest expiry is Nov 2026.
How much has BMN's share count grown?
Bannerman Energy has 239.0M shares on issue as at 28 Oct 2026, up 33.8% over 24 months according to its Appendix 2A filings.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 9 Oct 2026 | 2A · quoted issue | BMN : ORDINARY FULLY PAID | 239.0M | Appendix 2A |
| 6 Oct 2026 | 2A · quoted issue | BMN : ORDINARY FULLY PAID | 238.9M | Appendix 2A |
| 22 Sept 2026 | 2A · quoted issue | BMN : ORDINARY FULLY PAID | 238.9M | Appendix 2A |
| 15 Sept 2026 | 2A · quoted issue | BMN : ORDINARY FULLY PAID | 238.8M | Appendix 2A |
| 2 July 2026 | 2A · quoted issue | BMN : ORDINARY FULLY PAID | 207.8M | Appendix 2A |
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
2 cash raises in the last 24 months · 1 in the last 12 months
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.
Placement capacity
How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 2.6M of it states a NIL exercise price: nothing is paid to convert it, so it converts at any price rather than on a hurdle.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| BMNAA | Options | Price-triggered | Nil | 15 Nov 2026 | 35k | Filing |
| BMNAQ | Options | Price-triggered | Nil | 15 Nov 2027 | 64k | Filing |
| BMNAAN | Options | Price-triggered | Nil | 15 Nov 2028 | 40k | Filing |
| BMNAB | Options | Price-triggered | Nil | 15 Nov 2029 | 121k | Filing |
| BMNAC | Options | Price-triggered | Nil | 15 Nov 2030 | 426k | Filing |
| BMNAR | Options | Price-triggered | Nil | 15 Nov 2031 | 880k | Filing |
| BMNAAO | Options | Price-triggered | Nil | 15 Nov 2032 | 524k | Filing |
| BMNAD | Options | Price-triggered | Nil | 15 Nov 2033 | 464k | Filing |
“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. For what expires soon across other listed companies, see the options expiry calendar.
- BMNAAMCondition-triggered15k securities → 011 Dec 2025 Appendix 2A
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 30 Sept 2026 | Alison Terry | Other incentive | 9k | — | — | — | 3Y notice |
| 16 Dec 2025 | Alison Terry | Other | — | 8 | — | $25k | 3Y notice |
| 16 Dec 2025 | Brandon Munro | Other | — | 81 | — | $252k | 3Y notice |
| 16 Dec 2025 | Bruce McFadzean | Other | — | 13 | — | — | 3Y notice |
| 16 Dec 2025 | Clive Jones | Other | — | 8 | — | $25k | 3Y notice |
| 16 Dec 2025 | Felicity Gooding | Other | — | 11 | — | $36k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.