L1 GLOBAL LONG SHORT FUND LIMITED

ASX:GLSNot Applic

547.7M shares on issueASX (delayed) · snapshot 11 Sept 2026547.7M fully diluted+0.0% if every option and right converts$2.09price · delayed$1.14Bmarket cap · indicative

Moderate

Dilution riskprovisional — limited history

Share count grew 87% in 24 months; 1 cash raise in 24 months; since relisting as GLS; prior history under PMC not included

Absolute levels — not a ranking against other companies.

Cash runwayno data — not a quarterly (4C/5B) cash filer

Share-count growth (24m)87.1%since relisting as GLS; prior history under PMC not included

Raise cadence (24m)1 cash raisesince relisting as GLS; prior history under PMC not included

Options & rights overhang0.0% of shares

In-the-money supply0.0% of shares

Pending proposed issuesnone

L1 GLOBAL LONG SHORT FUND LIMITED, which trades as GLS only since December 2025 after a rename from PMC, has seen its ordinary share count grow by 87.1% between December 2025 and April 2026, to 548M shares. In that period, the company raised A$477.1M through a placement and non-renounceable entitlement offer with a shortfall offer in December 2025. There are no proposed securities issues currently pending. The company does not lodge quarterly cash reports, so no cash balance or funding-runway figure is disclosed on that basis.

AI-generated summary of this page's cited filings · updated 24 Aug 2026

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0.0%

Options & rights overhang

0.0%

In-the-money supply

Raises · last 12 months

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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. Shown since relisting as GLS (1 Dec 2025); prior history under PMC is not included. Latest count 547.7M per ASX (delayed) (snapshot 11 Sept 2026).

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

Date	Form	Security	On issue, per this filing	Source
1 Apr 2026	2A · quoted issue	GLS : ORDINARY FULLY PAID	547.7M	Appendix 2A
20 Mar 2026	2A · quoted issue	GLS : ORDINARY FULLY PAID	547.6M	Appendix 2A
29 Dec 2025	2A · quoted issue	GLS: CHESS DEPOSITARY INTERESTS	292.7M	Appendix 2A

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3 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

1 cash raise in the last 24 months · 1 in the last 12 months · counted since relisting as GLS (1 Dec 2025); prior history under PMC is not included

$477.1M

Placement and Non-Renounceable Entitlement Offer (with Shortfall Offer)

1 Dec 2025

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1 raise 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 estimate — no share count old enough to measure 15% of.

Free account

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

No options or rights over unissued shares on record.

Director dealings

Date	Director	Type	Shares	Options	Other	Value	Source
20 Mar 2026	Katrina Glendinning	Buy	248	—	—	—	3Y notice
27 Feb 2026	Rachel Grimes AM	Buy on-market	15k	—	—	$32k	3Y notice
25 Feb 2026	Katrina Glendinning	Buy on-market	35k	—	—	$50k	3Y notice