LTR PHARMA LIMITED
ASX:LTPPharmaceuticals, Biotechnology & Life SciencesToday’s holders own 83.9% of what they think they own, once every option and right converts.
Share count grew 18% in 24 months; options/rights overhang 19% of shares; 2% of shares in the money
LTR PHARMA LIMITED's ordinary share count grew 18.5% between July 2024 and September 2026, its latest share-count filing, to 182M shares. The company did not raise capital through any cash placement, rights issue or share purchase plan in the 24-month window. Options and rights on issue could convert into 35M new shares, equal to 19.2% of the current share count, of which 2% are in the money at the current share price; the nearest expiry falls in December 2026. The company has more than 4 quarters of funding at the recent spend rate. No proposed securities issues (Appendix 3B) are currently pending.
Quick answers · 4
How much placement capacity does LTP 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 much cash does LTP have?
In its quarterly cash report for the quarter ended 30 Sept 2026, Ltr Pharma reported $18.2M of cash and estimated 11.0 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do LTP's options expire?
Unexercised options and rights equal 19.2% of Ltr Pharma's shares on issue; the nearest expiry is Dec 2026.
How much has LTP's share count grown?
Ltr Pharma has 182.3M shares on issue as at 28 Oct 2026, up 18.5% 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 |
|---|---|---|---|---|
| 11 Sept 2026 | 2A · quoted issue | LTP : ORDINARY FULLY PAID | 182.3M | Appendix 2A |
| 4 Sept 2026 | 2A · quoted issue | LTP : ORDINARY FULLY PAID | 182.0M | Appendix 2A |
| 10 July 2026 | 3G · unquoted | ORDINARY FULLY PAID | 181.8M | Appendix 3G |
| 10 Feb 2026 | 2A · quoted issue | LTP : ORDINARY FULLY PAID | 181.8M | Appendix 2A |
| 21 Jan 2026 | 2A · quoted issue | LTP : ORDINARY FULLY PAID | 181.7M | Appendix 2A |
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
- Price-triggered33.3M · 18.3% of sharesOptions and warrants — they convert when the share price clears their exercise price.At least 14.2M of it states no exercise price — that much cannot be called in or out of the money.
- Condition-triggered1.8M · 1.0% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 19.1M priced (of which 4.3M in the money), 16.0M where the filing never states one. A security with no exercise price is never counted in the money — nothing is paid to convert it, so there is no price for it to be above.
Each figure is the filing’s own count of securities, not a share count — a 2A never states what one security converts into.
At $0.44 today, 4.3M securities are in the money (2.4% of shares on issue). No more priced supply until 1.25× today’s price, which takes it to 10.5M (5.8% of shares).
- Priced supply in the money at the price on the axis — the curve, and the only thing on it. Ten prices, sampled: between two of them the true figure lies between the two.
- 16.0M (45.6% of the supply above) states no exercise price at all. It cannot be called in or out of the money at any price, which is why it is hatched rather than plotted.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| LTPAB | Options | Price-triggered | $0.26 | 11 Dec 2026 | 2.3M | Filing |
| LTPAI | Options | Price-triggered | $0.60 | 16 Jan 2028 | 8.3M | Filing |
| LTPAF | Options | Price-triggered | $2.52 | 2 Dec 2028 | 300k | Filing |
| LTPAG | Options | Price-triggered | $0.48 | 5 Dec 2028 | 6.0M | Filing |
| LTPAC | Options | Price-triggered | $0.22 | 11 Dec 2028 | 2.0M | Filing |
| LTPAH | Options | Price-triggered | $0.50 | 15 Dec 2029 | 200k | Filing |
| LTPAE | Performance rights | Condition-triggered | — | — | 1.8M | Filing |
| LTPAD | Options | Price-triggered, no exercise price stated | — | — | 14.2M | 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 |
|---|---|---|---|---|---|---|---|
| 19 Nov 2025 | Julian Chick | Other incentive | 808k | 1.5M | — | — | 3Y notice |
| 19 Nov 2025 | Lee Rodne | Other incentive | 51.4M | 3.0M | — | — | 3Y notice |
| 19 Nov 2025 | Maja McGuire | Other incentive | 235k | 1.0M | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.