METRO PERFORMANCE GLASS LIMITED
ASX:MPPCapital GoodsToday’s holders own 76.6% of what they think they own, once every option and right converts.
Options/rights overhang 30% of shares; 1 cash raise in 24 months
METRO PERFORMANCE GLASS LIMITED had a disclosed share count of 25M as of March 2026. The company lodged one capital raise in the past 24 months, a A$23.9M Renounceable Rights Offer and Placement (Top-up Placement) in June 2025. Options and rights on issue could convert into 7M new shares, representing 30.5% of the current share count. The nearest expiry date for these securities is not recorded. The company does not have a current quarterly cash report on record, so its cash balance and funding runway are not disclosed. No new share-issuance filings have been lodged since January 2024, and a growth figure for the share count over the stated window is not available.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 3 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 27 Nov 2025 | 3H · cancellation | MPP : ORDINARY FULLY PAID FOREIGN EXEMPT NZX | 983.6M | Appendix 3H |
| 27 Nov 2025 | 3H · cancellation | MPP : ORDINARY FULLY PAID FOREIGN EXEMPT NZX | 983.6M | Appendix 3H |
| 17 Sept 2025 | 2A · quoted issue | MPP : ORDINARY FULLY PAID FOREIGN EXEMPT NZX | 798.3M | Appendix 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).
Capital raises
1 cash raise in the last 24 months · 0 in the last 12 months
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 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
- Price-triggered2.2M · 9.0% of sharesOptions 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-triggered5.3M · 21.5% 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: 0 priced, 7.5M 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.
No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 7.5M 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 |
|---|---|---|---|---|---|---|
| MPPAB | Options | Price-triggered | — | — | 2.2M | Filing |
| MPPAA | Performance rights | Condition-triggered | — | — | 5.3M | 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.
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.
Director dealings
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.