KAROON ENERGY LTD
ASX:KAREnergyToday’s holders own 97.8% of what they think they own, once every option and right converts.
No major dilution pressure signals in current disclosures
KAROON ENERGY LTD had 697M ordinary shares as of October 2026, its latest share-count filing; because the filed Appendix 2A series ends earlier, the percentage change over the period is not stated. The company raised no capital through any cash placement, rights issue or share purchase plan in the past 24 months. Options and rights on issue could convert into 16M new shares, equal to 2.2% of the current share count; none are in the money. The nearest expiry falls in December 2026. The latest cash report is a half-year/annual report (Appendix 4D/4E), not a quarterly report, and shows non-negative net cash flow, so no funding-runway figure applies. No proposed securities issues are pending.
Quick answers · 2
How much placement capacity does KAR 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 KAR's options expire?
Unexercised options and rights equal 2.2% of Karoon Energy's shares on issue; the nearest expiry is Dec 2026.
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 |
|---|---|---|---|---|
| 12 Oct 2026 | 3H · cancellation | KAR : ORDINARY FULLY PAID | 697.4M | Appendix 3H |
| 9 Oct 2026 | 3H · cancellation | KAR : ORDINARY FULLY PAID | 697.2M | Appendix 3H |
| 2 Oct 2026 | 3H · cancellation | KAR : ORDINARY FULLY PAID | 697.4M | Appendix 3H |
| 22 Sept 2026 | 3H · cancellation | KAR : ORDINARY FULLY PAID | 697.6M | Appendix 3H |
| 11 Sept 2026 | 3H · cancellation | KAR : ORDINARY FULLY PAID | 697.9M | Appendix 3H |
Each filing states the count for the security it names, as at its own reference date and in the units of that filing — so the newest row (697.4M) need not equal the current count above (697.2M).
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 15.5M 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 |
|---|---|---|---|---|---|---|
| KARAA | Performance rights | Condition-triggered | — | 31 Dec 2026 | 7k | Filing Meeting |
| KARAC | Performance rights | Condition-triggered | — | 1 Apr 2027 | 258k | Filing Meeting |
| KARAD | Performance rights | Condition-triggered | — | 3 June 2027 | 120k | Filing Meeting |
| KARAAE | Performance rights | Condition-triggered | — | 23 June 2027 | 99k | Filing Meeting |
| KARAAD | Performance rights | Condition-triggered | — | 31 Dec 2027 | 3.5M | Filing Meeting |
| KARAF | Performance rights | Condition-triggered | — | 1 Apr 2028 | 209k | Filing Meeting |
| KARAG | Performance rights | Condition-triggered | — | 3 June 2028 | 120k | Filing Meeting |
| KARAAF | Performance rights | Condition-triggered | — | 30 June 2028 | 185k | Filing Meeting |
| KARAB | Performance rights | Condition-triggered | — | 31 Dec 2028 | 4.1M | Filing Meeting |
| KARAH | Performance rights | Condition-triggered | — | 1 Apr 2029 | 4.3M | Filing Meeting |
| KARAJ | Performance rights | Condition-triggered | — | 31 Dec 2029 | 2.7M | Filing 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. For what expires soon across other listed companies, see the options expiry calendar.
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.
- KARAABCondition-triggered50k securities → 03 Aug 2026 Appendix 2A
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 2 Oct 2026 | Fernando Assumpção Borges | Buy on-market | 7k | — | — | — | 3Y notice |
| 8 Sept 2026 | Ms. Joanne Palmer | Buy on-market | 12k | — | — | $21k | 3Y notice |
| 28 Aug 2026 | Carri Lockhart | Buy on-market | 30k | — | — | $54k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.