Companies / KAR

KAROON ENERGY LTD

ASX:KAREnergy
698.0M shares on issueASX (delayed) · snapshot 11 Sept 2026714.2M fully diluted+2.3% if every option and right converts$1.83price · delayed$1.28Bmarket cap · indicative

Today’s holders own 97.7% of what they think they own, once every option and right converts.

Minimal
Dilution risk

No major dilution pressure signals in current disclosures

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwayno data — not a quarterly (4C/5B) cash filer
Share-count growth (24m)-11.4%measured to the latest Appendix 2A, not to the share count above
Raise cadence (24m)0 cash raises
Options & rights overhang2.3% of shares
In-the-money supplyno data — no exercise price on record
Pending proposed issuesnone

KAROON ENERGY LTD's ordinary share count was 698M as of September 2026. The company had no capital raises in the past 24 months and no proposed securities issues are pending. Options and rights on issue could convert into 16M new shares, representing 2.3% of the current share count, with the nearest expiry in December 2026; none of these options are currently in the money. The company has not lodged a current quarterly cash report, so no cash balance or funding-runway figure is available on that basis. Growth in the share count over the past 24 months is not stated in this data.

AI-generated summary of this page's cited filings · updated 7 Sept 2026
Get told when this changes
Set up alerts
Daily email alerts cover risk-level moves, new raises, pending proposed issues and option expiries for the companies you follow.
2.3%
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 698.0M per ASX (delayed) (snapshot 11 Sept 2026).
700M725M750M775MDec 24Oct 25Sept 26698.0M

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

DateFormSecurityOn issue, per this filingSource
11 Sept 20263H · cancellationKAR : ORDINARY FULLY PAID697.9MAppendix 3H
4 Sept 20263H · cancellationKAR : ORDINARY FULLY PAID698.0MAppendix 3H
14 Aug 20263H · cancellationKAR : ORDINARY FULLY PAID698.2MAppendix 3H
7 Aug 20263H · cancellationKAR : ORDINARY FULLY PAID701.6MAppendix 3H
3 Aug 20263H · cancellationKAR : ORDINARY FULLY PAID706.3MAppendix 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 (697.9M) need not equal the current count above (698.0M).

Free account
109 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Capital raises

No equity raises in the last 24 months.
Free account
1 raise on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

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.

Free account
11 dated events on record — Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

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).
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.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

2.3%
Options & rights overhang · of current shares
—
In-the-money supply · no stated strikes
16.2M
Potential new shares
Dec 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 16.2M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
KARAAPerformance rightsCondition-triggered—31 Dec 20267kFiling Meeting
KARACPerformance rightsCondition-triggered—1 Apr 2027258kFiling Meeting
KARADPerformance rightsCondition-triggered—3 June 2027120kFiling Meeting
KARAAEPerformance rightsCondition-triggered—23 June 202799kFiling Meeting
KARAADPerformance rightsCondition-triggered—31 Dec 20273.6MFiling Meeting
KARAFPerformance rightsCondition-triggered—1 Apr 2028209kFiling Meeting
KARAGPerformance rightsCondition-triggered—3 June 2028120kFiling Meeting
KARAAFPerformance rightsCondition-triggered—30 June 2028185kFiling Meeting
KARABPerformance rightsCondition-triggered—31 Dec 20284.3MFiling Meeting
KARAHPerformance rightsCondition-triggered—1 Apr 20294.5MFiling Meeting
KARAJPerformance rightsCondition-triggered—31 Dec 20292.7MFiling 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.

1 class ceased in the last 12 months and is not counted above
The company’s own Appendix 2A restates each of these at zero. They are excluded from the overhang, the in-the-money supply and every figure on this page. Each count is the filing’s own count of securities in the class, not a share count — a 2A never states what one security converts into.
  • KARAABCondition-triggered50k securities → 03 Aug 2026 Appendix 2A
Free account
11 option lines 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.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
8 Sept 2026Ms. Joanne PalmerBuy on-market12k——$21k3Y notice
28 Aug 2026Carri LockhartBuy on-market30k——$54k3Y notice
27 Aug 2026Ms Melissa HolzbergerBuy on-market15k———3Y notice
Free account
13 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Ownership

Free account
Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
Free account: 2 full company unlocks every month, no card.
Create free account

Latest announcements

11 Sept 2026Notification of cessation of securities - KAR
10 Sept 2026Update - Notification of buy-back - KAR
9 Sept 2026Update - Notification of buy-back - KAR
8 Sept 2026Change of Director's Interest Notice
8 Sept 2026Update - Notification of buy-back - KAR
7 Sept 2026Update - Notification of buy-back - KAR
6 Sept 2026Update - Notification of buy-back - KAR
4 Sept 2026Notification of cessation of securities - KAR
3 Sept 2026Update - Notification of buy-back - KAR
3 Sept 2026Ceasing to be a substantial holder from CBA
2 Sept 2026Update - Notification of buy-back - KAR
2 Sept 2026Ceasing to be a substantial holder
2 Sept 2026Becoming a substantial holder from CBA
1 Sept 2026Update on Brazilian crude oil export tax injunction
1 Sept 2026Update - Notification of buy-back - KAR
1 Sept 2026Becoming a substantial holder
1 Sept 2026Change of Director's Interest Notice - C Lockhart
1 Sept 2026Ceasing to be a substantial holder from CBA
31 Aug 2026Update on Brazilian crude oil export tax
31 Aug 2026Update - Notification of buy-back - KAR

Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.