GLENNON SMALL COMPANIES LIMITED
ASX:GC1Fund / trustToday’s holders own 98.9% of what they think they own, once every option and right converts.
No major dilution pressure signals in current disclosures
GLENNON SMALL COMPANIES LIMITED's ordinary share count was 49M as of October 2026, up 2.0% since October 2024. The company has not raised capital through any cash placement, rights issue or share purchase plan in the past 24 months, and no proposed securities issues are currently pending. Options and rights on issue could convert into 530,351 new shares, equal to 1.1% of the current share count; none are in the money. A nearest expiry date is not on the public record for these securities. The company's business type means it does not report a standard cash spend rate, so no funding-runway figure is available.
Quick answers · 3
How much placement capacity does GC1 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.
How many options and rights does GC1 have outstanding?
Unexercised options and rights equal 1.1% of Glennon Small Companies's shares on issue.
How much has GC1's share count grown?
Glennon Small Companies has 49.0M shares on issue as at 28 Oct 2026, up 2.0% 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 |
|---|---|---|---|---|
| 1 Oct 2026 | 2A · quoted issue | GC1 : ORDINARY FULLY PAID | 49.0M | Appendix 2A |
| 1 Apr 2026 | 2A · quoted issue | GC1 : ORDINARY FULLY PAID | 48.7M | Appendix 2A |
| 3 Oct 2025 | 2A · quoted issue | GC1 : ORDINARY FULLY PAID | 48.5M | Appendix 2A |
| 1 Apr 2025 | 2A · quoted issue | GC1 : ORDINARY FULLY PAID | 48.2M | Appendix 2A |
| 2 Oct 2024 | 3H · cancellation | GC1 : ORDINARY FULLY PAID | 47.7M | Appendix 3H |
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
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
No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 530k of it converts on something else — a hurdle that may never be met, or terms the filing does not price.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| GC1PA | — | Converts on terms | — | — | 530k | 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 |
|---|---|---|---|---|---|---|---|
| 18 Mar 2026 | Sulieman Ravell | Buy on-market | — | 4k | — | $41k | 3Y notice |
| 17 Mar 2026 | Michael Glennon | Buy on-market | 40k | — | — | $17k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.