Companies / GDG

GENERATION DEVELOPMENT GROUP LIMITED

ASX:GDGInsurance
401.3M shares on issueASX (delayed) · snapshot 11 Sept 2026406.6M fully diluted+1.3% if every option and right converts$3.14price · delayed$1.26Bmarket cap · indicative

Today’s holders own 98.7% of what they think they own, once every option and right converts.

Moderate
Dilution risk

Share count grew 35% in 24 months; 2 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwayno data — not a quarterly (4C/5B) cash filer
Share-count growth (24m)35.0%
Raise cadence (24m)2 cash raises
Options & rights overhang1.3% of shares
In-the-money supplyno data — no exercise price on record
Pending proposed issuesnone

GENERATION DEVELOPMENT GROUP LIMITED ordinary share count grew 35.0% between August 2024 and September 2026, to 401M shares. In the past 24 months, the company completed two capital raises totalling A$312.9M, with the most recent being a A$25.0M placement in May 2025. Options and rights on issue could convert into 5M new shares, representing 1.3% of the current share count; an expiry date for these securities is not on record. The company does not have a current quarterly cash report on record, so no cash balance or funding runway figure is disclosed on that basis. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 4 Sept 2026
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1.3%
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 401.3M per ASX (delayed) (snapshot 11 Sept 2026).
300M350M400MDec 24Oct 25Sept 26Cash raise · 7 May 2025Cash raise · 6 Feb 2025401.3M

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

DateFormSecurityOn issue, per this filingSource
4 Sept 20262A · quoted issueGDG : ORDINARY FULLY PAID401.3MAppendix 2A
1 Apr 20262A · quoted issueGDG : ORDINARY FULLY PAID399.9MAppendix 2A
9 Mar 20263G · unquotedGDG : ORDINARY FULLY PAID399.9MAppendix 3G
4 Mar 20262A · quoted issueGDG : ORDINARY FULLY PAID399.9MAppendix 2A
1 Dec 20253G · unquotedORDINARY FULLY PAID399.6MAppendix 3G
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31 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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Capital raises

2 cash raises in the last 24 months · 0 in the last 12 months

every 3 monthsaverage gap between raises
16.2 monthssince the most recent
6 Feb 20257 May 2025first to most recent in this window
$25.0M
Placement
7 May 2025
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4 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 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

1.3%
Options & rights overhang · of current shares
In-the-money supply · no stated strikes
5.4M
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 5.4M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
GDGAAPerformance rightsCondition-triggered5.4MFiling Meeting

“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.

A condition-triggered class has no exercise price and usually no expiry: what it vests on is set by a shareholder resolution, not by the register. Where the company lodged a notice of meeting before the class first appears here, it is linked as “Meeting” — that is where terms of this kind are put to shareholders. It is not confirmation that the document sets this class’s conditions, and no link appears where there is no such filing.

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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 2026Christine ChristianBuy on-market25k3Y notice
22 June 2026Peter Anthony SmithBuy on-market25k3Y notice
18 June 2026Robert Neil CoombeBuy on-market28k2.0M3Y notice
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23 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.