COG FINANCIAL SERVICES LIMITED
ASX:COGFinancial ServicesToday’s holders own 97.7% of what they think they own, once every option and right converts.
Share count grew 7% in 24 months; 1 cash raise in 24 months; 2% of shares in the money
COG FINANCIAL SERVICES LIMITED's ordinary share count grew 7.1% between October 2024 and March 2026, its latest share-count filing, to 213M shares. The company raised capital once in that period, a A$20.0M placement in October 2025. Options and rights on issue could convert into 5M new shares, equal to 2.3% of the current share count, of which 2% are in the money; the nearest expiry falls in March 2028. As a financial-services company whose operating cash flow is not a spend rate, no funding-runway figure applies. No proposed securities issues (Appendix 3B) are pending.
Quick answers · 4
When did COG last raise capital?
The last capital raise in COG Financial Services's filings is Placement of $20.0M announced 9 Oct 2025, one of 1 cash raises in 24 months.
How much placement capacity does COG 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 COG's options expire?
Unexercised options and rights equal 2.3% of COG Financial Services's shares on issue; the nearest expiry is Mar 2028.
How much has COG's share count grown?
COG Financial Services has 213.3M shares on issue as at 28 Oct 2026, up 7.1% 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 |
|---|---|---|---|---|
| 25 Mar 2026 | 2A · quoted issue | COG : ORDINARY FULLY PAID | 213.3M | Appendix 2A |
| 17 Oct 2025 | 2A · quoted issue | COG : ORDINARY FULLY PAID | 211.9M | Appendix 2A |
| 17 Sept 2025 | 3H · cancellation | COG : ORDINARY FULLY PAID | 201.8M | Appendix 3H |
| 17 Sept 2025 | 2A · quoted issue | COG : ORDINARY FULLY PAID | 201.9M | Appendix 2A |
| 25 July 2025 | 3G · unquoted | COG : ORDINARY FULLY PAID | 201.8M | 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
At $1.75 today, 5.0M securities are in the money (2.3% of shares on issue). No price up to ten times today’s switches on any more priced supply.
- 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.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| COGAC | Options | Price-triggered | $1.30 | 31 Mar 2028 | 5.0M | 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.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 3 Sept 2026 | Cameron McCullagh | Sell on-market | — | — | — | $5.1M | 3Y notice |
| 26 Aug 2026 | Cameron McCullagh | Sell off-market | — | — | — | $7.5M | 3Y notice |
| 5 Sept 2025 | Cameron McCullagh | Sell on-market | — | — | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.