Companies / CCL

CUSCAL LIMITED

ASX:CCLFinancial Services
199.8M shares on issueASX (delayed) · snapshot 28 Oct 2026202.8M fully diluted+1.5% if every option and right converts$5.99price · delayed$1.18BMarket capAt the previous close. On a day the price moves, shares × today’s price will differ. Prices delayed.

Today’s holders own 98.5% of what they think they own, once every option and right converts.

Minimal
Dilution riskprovisional — limited history

1 cash raise in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwayno data — a bank, lender, insurer, property or investment vehicle: operating cash flow is not a spend rate, so no funding runway applies
Share-count growth (24m)0.4%
Raise cadence (24m)1 cash raiseexcludes announced events with no matching share-issuance (Appendix 2A) filing
Options & rights overhang1.5% of shares
In-the-money supplyno data — no exercise price on record
Pending proposed issuesnone

CUSCAL LIMITED's ordinary share count was 200M as of May 2026, up 0.4% since April 2026. The company raised capital once in the past 24 months, a combined Placement and Share Purchase Plan in April 2026 that raised A$30.0M. Options and rights on issue could convert into 3M new shares, equal to 1.5% of the current share count, none of which are in the money; no filing on record states an expiry date for these securities. The company is a financial institution whose operating cash flow does not represent a spend rate, so no funding-runway figure applies. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 17 Oct 2026
Quick answers · 4

When did CCL last raise capital?

The last capital raise in Cuscal's filings is Placement and Share Purchase Plan of $30.0M announced 14 Apr 2026, one of 1 cash raises in 24 months.

How much placement capacity does CCL have left?

About 74% of the 15% placement capacity left, about 26% used in 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 CCL have outstanding?

Unexercised options and rights equal 1.5% of Cuscal's shares on issue.

How much has CCL's share count grown?

Cuscal has 199.8M shares on issue as at 28 Oct 2026, up 0.4% over 24 months according to its Appendix 2A filings.

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1.5%
Options & rights overhang
—
In the moneyAn option whose exercise price is below the last closing share price, so converting it pays. These are the options most likely to become new shares soon. supply · no stated strikes
1
Raises · last 12 months
—
Cash cover · no runway frame

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 199.8M per ASX (delayed) (snapshot 28 Oct 2026).
192.5M195.0M197.5M200.0MDec 24Nov 25Oct 26Cash raise · 14 Apr 2026199.8M

Cash runway

No cash runway. This company is a bank, lender, insurer, property or investment vehicle: its operating cash flow is loans, deposits, inventory or portfolio purchases rather than a spend rate, so a funding runway does not apply.

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)

DateFormSecurityOn issue, per this filingSource
1 July 20263H · cancellationCCL : ORDINARY FULLY PAID199.8MAppendix 3H
13 May 20262A · quoted issueCCL : ORDINARY FULLY PAID199.8MAppendix 2A
17 Apr 20262A · quoted issueCCL : ORDINARY FULLY PAID199.1MAppendix 2A
19 Nov 20253G · unquotedORDINARY FULLY PAID191.6MAppendix 3G
7 July 20253H · cancellationCCL : ORDINARY FULLY PAID191.6MAppendix 3H
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5 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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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.

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Securities on issue, by class
How the share count and each option and rights class moved, month by month, with every number in a table.
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Capital raises

1 cash raise in the last 24 months · 1 in the last 12 months

$30.0M
Placement and Share Purchase Plan
14 Apr 2026
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2 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.

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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 / 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.

About 74% of the 15% placement capacity left — about 26% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-10-28). Shares issued with holder approval are not added to the base, so the true headroom can be higher.
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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

1.5%
Options & rights overhang · of current shares
—
In-the-money supply · no stated strikes
3.0M
Potential new shares
—
Nearest expiry
What a price move would switch on

No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 3.0M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
CCLABPerformance rightsCondition-triggered——3.0MFiling

“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.

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1 option line 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
26 Oct 2026Belinda Jane Cruickshank CooneyBuy on-market7k——$39k3Y notice
21 Oct 2026Elizabeth Mary ProustBuy on-market10k——$60k3Y notice
8 Sept 2026Peter Hooper WrightBuy on-market4k——$20k3Y notice
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16 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

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.