Companies / FSI

FLAGSHIP INVESTMENTS LIMITED

ASX:FSINot Applic
26.0M shares on issueASX (delayed) · snapshot 11 Sept 202633.4M fully diluted+28.5% if every option and right converts$1.22price · delayed$31.6Mmarket cap · indicative

Today’s holders own 77.8% of what they think they own, once every option and right converts.

Low
Dilution risk

Options/rights overhang 28% of shares

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwayno data — not a quarterly (4C/5B) cash filer
Share-count growth (24m)0.0%no issuance filings since 2024
Raise cadence (24m)0 cash raises
Options & rights overhang28.5% of shares
In-the-money supplyno data — no exercise price on record
Pending proposed issuesnone

FLAGSHIP INVESTMENTS LIMITED has a current ordinary share count of 26M as of August 2026. There have been no new share issuance filings lodged since January 2024, and no capital raises have occurred in the past 24 months. Options and rights on issue could convert into 7M new shares, representing 28.5% of the current share count. None of these options are currently in the money, and the nearest expiry date is October 2026. The company has not lodged a current quarterly cash report, so no cash balance or funding runway figure is on record. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 31 Aug 2026
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28.5%
Options & rights overhang
In-the-money supply · no stated strikes
0
Raises · last 12 months
Cash cover · not a quarterly filer

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 26.0M per ASX (delayed) (snapshot 11 Sept 2026).
25.85M25.90M25.95M26.00MDec 24Oct 25Sept 2626.0M

Cash runway

Not a quarterly cash filer. This company does not lodge Appendix 4C/5B quarterly cash reports, so cash runway does not apply.

Issuance timeline

Latest 1 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
31 Aug 20262A · quoted issueFSI : ORDINARY FULLY PAID26.0MAppendix 2A
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1 filing on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

No equity raises in the last 24 months.
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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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1 dated event on record — 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 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.

No Appendix 3B in the last 12 months reports an issue under the 15% placement capacity (as at 2026-09-12).
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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

28.5%
Options & rights overhang · of current shares
In-the-money supply · no stated strikes
7.4M
Potential new shares
Oct 2026
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 7.4M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
FSIGAConverts on terms1 Oct 20267.4MFiling

“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.

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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
27 Aug 2026Angela ObreeOther DRP10k$5473Y notice
27 Aug 2026Dominic Martin McGannOther DRP17k$24k3Y notice
27 Aug 2026Emmanuel Clive PohlOther58450k$1.2M3Y notice
27 Aug 2026Scott BarrettOther DRP1k$2k3Y notice
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25 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 12 Sept 2026.