COBRAM ESTATE OLIVES LIMITED
ASX:CBOFood, Beverage & TobaccoToday’s holders own 90.9% of what they think they own, once every option and right converts.
Share count grew 14% in 24 months; 1 cash raise in 24 months; options/rights overhang 10% of shares
Between August 2024 and April 2026, its latest share-count filing, Cobram Estate Olives Limited's ordinary share count grew 14.5% to 479M shares. The company raised capital once in that period, a Placement and Share Purchase Plan in September 2025 raising A$183.1M. Options and rights on issue could convert into 48M new shares, equal to 10.0% of the current share count, of which 3% are in the money at the current share price; the nearest expiry falls in September 2027. The latest cash report is a half-year/annual report, not a quarterly report, and shows non-negative net cash flow, so no funding-runway figure applies. No proposed securities issues are pending.
Quick answers · 4
When did CBO last raise capital?
The last capital raise in Cobram Estate Olives's filings is Placement and Share Purchase Plan of $183.1M announced 9 Sept 2025, one of 1 cash raises in 24 months.
How much placement capacity does CBO 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.
When do CBO's options expire?
Unexercised options and rights equal 10% of Cobram Estate Olives's shares on issue; the nearest expiry is Sept 2027.
How much has CBO's share count grown?
Cobram Estate Olives has 478.8M shares on issue as at 28 Oct 2026, up 14.5% 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 |
|---|---|---|---|---|
| 7 Apr 2026 | 2A · quoted issue | CBO : ORDINARY FULLY PAID | 478.8M | Appendix 2A |
| 26 Mar 2026 | 3G · unquoted | CBO : ORDINARY FULLY PAID | 477.6M | Appendix 3G |
| 17 Mar 2026 | 2A · quoted issue | CBO : ORDINARY FULLY PAID | 477.6M | Appendix 2A |
| 14 Jan 2026 | 3H · cancellation | CBO : ORDINARY FULLY PAID | 477.4M | Appendix 3H |
| 14 Jan 2026 | 3G · unquoted | CBO : ORDINARY FULLY PAID | 477.4M | Appendix 3G |
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 · 0 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
- Price-triggered47.5M · 9.9% of sharesOptions and warrants — they convert when the share price clears their exercise price.At least 30.9M of it states no exercise price — that much cannot be called in or out of the money.
- Condition-triggered242k · 0.1% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 16.6M priced (of which 15.8M in the money), 31.1M 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.
At $2.54 today, 15.8M securities are in the money (3.3% of shares on issue) — a floor, because an exercise price is on record for only 34.8% of this supply. No more priced supply until 1.25× today’s price, which takes it to 16.1M (3.4% 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.
- 31.1M (65.2% 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.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| CBOAN | Performance rights | Condition-triggered | — | 15 Sept 2027 | 152k | Filing Meeting |
| CBOAI | Options | Price-triggered | $1.50 | 17 Apr 2028 | 13.1M | Filing |
| CBOAP | Performance rights | Condition-triggered | — | 30 Sept 2028 | 90k | Filing Meeting |
| CBOAL | Options | Price-triggered | $1.80 | 30 Sept 2029 | 1.4M | Filing |
| CBOAO | Options | Price-triggered | $2.65 | 30 Sept 2029 | 300k | Filing |
| CBOAQ | Options | Price-triggered | $3.25 | 30 Sept 2030 | 500k | Filing |
| CBOAM | Options | Price-triggered | $1.80 | 30 Sept 2031 | 1.4M | Filing |
| CBOAR | Warrants | Price-triggered, no exercise price stated | — | — | 30.9M | 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.
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.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 3 Sept 2026 | David Wills | Buy on-market | 50k | — | — | $147k | 3Y notice |
| 31 Aug 2026 | Toni Brendish | Buy on-market | 10k | — | — | $30k | 3Y notice |
| 28 Nov 2025 | Craig Peter Ball | Other DRP | 65k | — | — | — | 3Y notice |
| 28 Nov 2025 | David Wills | Other DRP | 1k | — | — | — | 3Y notice |
| 28 Nov 2025 | Joanna Mary Ruth McMillan | Other DRP | 497 | — | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.