FAT PROPHETS GLOBAL CONTRARIAN FUND LTD
ASX:FPCFund / trustToday’s holders own 89.4% of what they think they own, once every option and right converts.
2 cash raises in 24 months; share count grew 12% in 24 months; options/rights overhang 12% of shares
Between September 2025 and June 2026, its latest share-count filing, FAT PROPHETS GLOBAL CONTRARIAN FUND LTD's ordinary share count grew 12.3% to 32M. The fund raised capital twice in the past 24 months for total proceeds of A$6.3M, most recently a A$5.4M Rights Issue in April 2026. Options and rights on issue could convert into 4M new shares, equal to 11.8% of the current share count, none of which are in the money; the nearest expiry falls in June 2027. As a listed investment entity, the company does not report operating cash flow as a spend rate, so no funding-runway figure is provided. No proposed securities issues are currently pending.
Quick answers · 4
When did FPC last raise capital?
The last capital raise in Fat Prophets Global Contrarian Fund's filings is Rights Issue of $5.4M announced 24 Apr 2026, one of 2 cash raises in 24 months.
How much placement capacity does FPC 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 FPC's options expire?
Unexercised options and rights equal 11.8% of Fat Prophets Global Contrarian Fund's shares on issue; the nearest expiry is June 2027.
How much has FPC's share count grown?
Fat Prophets Global Contrarian Fund has 32.0M shares on issue as at 28 Oct 2026, up 12.3% over 24 months according to its Appendix 2A filings.
Shares on issue — last 2 years
Cumulative figures as stated by the company on its daily notice. Latest notice
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 |
|---|---|---|---|---|
| 16 June 2026 | 2A · quoted issue | FPC : ORDINARY FULLY PAID | 32.0M | Appendix 2A |
| 16 June 2026 | 3G · unquoted | FPC : ORDINARY FULLY PAID | 30.5M | Appendix 3G |
| 10 June 2026 | 3G · unquoted | FPC : ORDINARY FULLY PAID | 28.2M | Appendix 3G |
| 10 June 2026 | 2A · quoted issue | FPC ordinary shares | 30.5M | Appendix 2A |
| 9 Apr 2026 | 2A · quoted issue | FPC : ORDINARY FULLY PAID | 28.2M | 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
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
At $1.27 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 1.5× today’s price, which takes it to 3.8M (11.8% 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.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| FPCAC | Options | Price-triggered | $1.80 | 11 June 2027 | 3.8M | 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 |
|---|---|---|---|---|---|---|---|
| 10 June 2026 | Angus Geddes | Other entitlement/SPP | 614k | 614k | — | $872k | 3Y notice |
| 10 June 2026 | Katrina Vanstone | Other entitlement/SPP | 10k | 10k | — | $14k | 3Y notice |
| 10 June 2026 | Michael Gallagher | Other entitlement/SPP | 12k | 12k | — | $17k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.