NAOS EMERGING OPPORTUNITIES COMPANY LIMITED
ASX:NCCFund / trustToday’s holders own 83.8% of what they think they own, once every option and right converts.
Options/rights overhang 19% of shares
NAOS EMERGING OPPORTUNITIES COMPANY LIMITED's ordinary share count stood at 74M as of May 2024, and no new share-issuance filings have been lodged since January 2024. The company has not conducted any capital raises in the 24-month window. Options and rights on issue could convert into 14M new shares, equal to 19.3% of the current share count, all out of the money at the current share price; the nearest expiry is December 2026. The company is a listed investment vehicle, so no funding-runway figure based on operating cash flow applies. No proposed securities issues are pending.
Quick answers · 3
How much placement capacity does NCC 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 NCC's options expire?
Unexercised options and rights equal 19.3% of Naos Emerging Opportunities Company's shares on issue; the nearest expiry is Dec 2026.
How much has NCC's share count grown?
Naos Emerging Opportunities Company has 73.8M shares on issue as at 28 Oct 2026, up 0.0% over 24 months according to its Appendix 2A filings.
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 |
|---|---|---|---|---|
| 16 May 2024 | 2A · quoted issue | NCC : ORDINARY FULLY PAID | 73.8M | Appendix 2A |
| 26 Apr 2024 | 2A · quoted issue | NCC : ORDINARY FULLY PAID | 73.8M | Appendix 2A |
| 10 Apr 2024 | 2A · quoted issue | NCC : ORDINARY FULLY PAID | 73.3M | Appendix 2A |
| 22 Mar 2024 | 2A · quoted issue | NCC : ORDINARY FULLY PAID | 73.3M | Appendix 2A |
| 20 Mar 2024 | 2A · quoted issue | NCC : ORDINARY FULLY PAID | 73.3M | 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
No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 14.2M 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 |
|---|---|---|---|---|---|---|
| NCCO | Options | Price-triggered, no exercise price stated | — | 31 Dec 2026 | 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.
- NCCGAconvertible bonds230k16 May 2024 Appendix 2A
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 26 Aug 2026 | Sebastian Evans | Buy on-market | 32k | — | — | $15k | 3Y notice |
| 21 Aug 2026 | Sebastian Evans | Buy on-market | 31k | 40k | — | $15k | 3Y notice |
| 11 Aug 2026 | Sebastian Evans | Buy on-market | 77k | 40k | — | $36k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.