Companies / MPP

METRO PERFORMANCE GLASS LIMITED

ASX:MPPCapital Goods
24.6M shares on issueASX (delayed) · snapshot 28 Oct 202624.8M fully diluted+0.8% if every option and right converts$0.90price · delayed$22.1MMarket capAt the previous close. On a day the price moves, shares × today’s price will differ. Prices delayed.

Today’s holders own 99.2% of what they think they own, once every option and right converts.

Minimal
Dilution risk

1 cash raise in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwaycash-generative (no net burn)
Share-count growth (24m)0.0%no issuance filings since 2024; measured to the latest Appendix 2A, not to the share count above
Raise cadence (24m)1 cash raise
Options & rights overhang0.8% of sharesconsolidation-adjusted
In-the-money supplyno data — no exercise price on recordconsolidation-adjusted
Pending proposed issuesnone

METRO PERFORMANCE GLASS LIMITED's ordinary share count was 25M as of March 2026, based on the only share-count filing on record. The company completed a 1-for-40 share consolidation in March 2026. In the past 24 months, it raised A$23.9M in one transaction, a Renounceable Rights Offer and Placement (Top-up Placement) in July 2025. Options and rights on issue could convert into 187,325 new shares, representing 0.8% of current shares, none of which are in the money; no expiry date for these securities is on record. The company's latest cash report is a half-year/annual report showing non-negative net cash flow, so no funding-runway figure applies. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 17 Oct 2026
Quick answers · 2

When did MPP last raise capital?

The last capital raise in Metro Performance Glass's filings is Renounceable Rights Offer and Placement (Top-up Placement) of $23.9M announced 1 July 2025, one of 1 cash raises in 24 months.

How many options and rights does MPP have outstanding?

Unexercised options and rights equal 0.8% of Metro Performance Glass's shares on issue.

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0.8%
Options & rights overhang
—
In the moneyAn option whose exercise price is below the last closing share price, so converting it pays. These are the options most likely to become new shares soon. supply · no stated strikes
0
Raises · last 12 months
No net burn
Cash cover · cash-generative

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Adjusted for the 1-for-40 consolidation (2 Mar 2026). Latest count 24.6M per ASX (delayed) (snapshot 28 Oct 2026).
24.4M24.5M24.6M24.7MSept 25Apr 26Oct 261-for-40 consolidation24.6M

Cash runway

—
The latest annual report shows no net cash burn, so there is no cash-out date.
$6.9M cash after burn · operating cash flow only.
FILED $6.9M cash · year ended 31 Mar 2026
OURS our estimate, carried to todayOURSOur estimate for today. We take the cash in the company’s latest cash report, deduct spending since at its reported rate, and, for quarterly filers, add raises announced after it. It moves daily; announced money may not all be received yet.$6.9M cash at 31 Mar 2026 = $6.9M left (no net burn, so nothing is deducted)FILED as the company reportedFILEDAs the company stated it in its latest cash report. Dated to the end of that period, it does not change until the next report.
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1 cash report on record — Cash runway history
Cash, net spend and cover trend from every Appendix 4C/5B and 4D/4E on record up to 31 Mar 2026.
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Issuance timeline

Latest 3 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)

DateFormSecurityOn issue, per this filingSource
27 Nov 20253H · cancellationMPP : ORDINARY FULLY PAID FOREIGN EXEMPT NZX983.6MAppendix 3H
27 Nov 20253H · cancellationMPP : ORDINARY FULLY PAID FOREIGN EXEMPT NZX983.6MAppendix 3H
18 Sept 20252A · quoted issueMPP : ORDINARY FULLY PAID FOREIGN EXEMPT NZX798.3MAppendix 2A

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 (983.6M) need not equal the current count above (24.6M).

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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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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.

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Securities on issue, by class
How the share count and each option and rights class moved, month by month, with every number in a table.
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Capital raises

1 cash raise in the last 24 months · 0 in the last 12 months

$23.9M
Renounceable Rights Offer and Placement (Top-up Placement)
1 July 2025
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2 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 / 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.

No estimate — a share consolidation inside the last 12 months puts the filings and the share count in different units.
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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

consolidation-adjusted Figures rebased for the share consolidation on record.

0.8%
Options & rights overhang · of current shares
—
In-the-money supply · no stated strikes
187k
Potential new shares
—
Nearest expiry
What this supply is, and what converts it
  • Price-triggered55k · 0.2% of shares
    Options and warrants — they convert when the share price clears their exercise price.
    No exercise price is on record for any of it, so none of it can be called in or out of the money.
  • Condition-triggered132k · 0.5% of shares
    Performance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.

Exercise price on record: 0 priced, 187k 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.

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 187k of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
MPPABOptionsPrice-triggered, no exercise price stated——55kFiling
MPPAAPerformance rightsCondition-triggered——132kFiling 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.

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2 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.
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Director dealings

No director dealing notices (Appendix 3Y) on record.
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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 28 Oct 2026.