BWP GROUP
ASX:BWPEquity Real Estate Investment Trusts (REITs)Today’s holders own 99.9% of what they think they own, once every option and right converts.
Share count grew 10% in 24 months; 1 cash raise in 24 months
BWP GROUP’s ordinary share count rose 10.1% between June 2024 and August 2026, its latest share-count filing, to 785M shares. The company completed one capital raise in the 24-month window, a A$227.7M accelerated non-renounceable pro rata entitlement offer in May 2026. Options and rights on issue could convert into 448,657 new shares, equal to 0.1% of the current share count, with none in the money; no expiry date for these securities is on record. As a property trust, BWP GROUP does not report a funding-runway figure. No proposed securities issues are currently pending.
Quick answers · 4
When did BWP last raise capital?
The last capital raise in BWP Group's filings is Entitlement Offer (accelerated non-renounceable pro rata) of $227.7M announced 6 May 2026, one of 1 cash raises in 24 months.
How much placement capacity does BWP have left?
None of the 15% placement capacity counted as used in the last 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.
How many options and rights does BWP have outstanding?
Unexercised options and rights equal 0.1% of BWP Group's shares on issue.
How much has BWP's share count grown?
BWP Group has 785.4M shares on issue as at 28 Oct 2026, up 10.1% 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 |
|---|---|---|---|---|
| 6 Oct 2026 | 3G · unquoted | FULLY PAID ORDINARY/UNITS STAPLED SECURITIES | 785.4M | Appendix 3G |
| 2 Oct 2026 | 3G · unquoted | FULLY PAID ORDINARY/UNITS STAPLED SECURITIES | 785.4M | Appendix 3G |
| 27 Aug 2026 | 2A · quoted issue | BWP : FULLY PAID ORDINARY/UNITS STAPLED SECURITIES | 785.4M | Appendix 2A |
| 27 May 2026 | 2A · quoted issue | BWP : FULLY PAID ORDINARY/UNITS STAPLED SECURITIES | 785.1M | Appendix 2A |
| 15 May 2026 | 2A · quoted issue | BWP : FULLY PAID ORDINARY/UNITS STAPLED SECURITIES | 758.2M | 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
1 cash raise 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 449k of it converts on something else — a hurdle that may never be met, or terms the filing does not price.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| BWPAA | Rights | Condition-triggered | — | — | 449k | Filing |
141k of the 449k granted 6 Oct 2026: conditions on a financial target, relative shareholder return. Terms 46k of the 449k granted 2 Oct 2026: conditions on continued service. Terms | ||||||
“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.
A line under a class is a grant of rights into it, as read from the company’s own filings: its size, any share-price or market-cap hurdles, and the other kinds of condition it carries. A grant is often only part of the class, so its terms say nothing about the rest. Whether a hurdle has been met is not shown.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 2 Oct 2026 | Mark Christian Scatena | Other incentive | 46k | — | — | — | 3Y notice |
| 30 June 2026 | Alison Quinn | Buy on-market | 16k | — | — | — | 3Y notice |
| 29 May 2026 | Alison Quinn | Other entitlement/SPP | 1k | — | — | — | 3Y notice |
| 29 May 2026 | Danielle Carter | Other entitlement/SPP | 2k | — | — | — | 3Y notice |
| 29 May 2026 | Fiona Elizabeth Harris | Other entitlement/SPP | 2k | — | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.