Companies / NGI

NAVIGATOR GLOBAL INVESTMENTS LIMITED

ASX:NGIFinancial Services
610.2M shares on issueASX (delayed) · snapshot 28 Oct 2026612.5M fully diluted+0.4% if every option and right converts$2.11price · delayed$1.27BMarket capAt the previous close. On a day the price moves, shares × today’s price will differ. Prices delayed.

Today’s holders own 99.6% of what they think they own, once every option and right converts.

Low
Dilution risk

Share count grew 24% in 24 months; 1 cash raise in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwayno data — a bank, lender, insurer, property or investment vehicle: operating cash flow is not a spend rate, so no funding runway applies
Share-count growth (24m)24.5%
Raise cadence (24m)1 cash raise
Options & rights overhang0.4% of shares
In-the-money supplyno data — no exercise price on record
Pending proposed issuesnone

NAVIGATOR GLOBAL INVESTMENTS LIMITED's ordinary share count grew 24.5% between September 2024 and July 2026, its latest share-count filing, to 610M shares. It raised capital once in the 24-month window, an Accelerated non-renounceable Entitlement Offer and Placement (Vendor scrip consideration) in May 2026, for total disclosed proceeds of A$145.0M. Options and rights on issue could convert into 2M new shares, equal to 0.4% of the current share count, none of which are in the money; the company has no filing on record that states an expiry date for these securities. No funding-runway figure applies because the company is a bank, lender, insurer, property or investment vehicle. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 17 Oct 2026
Quick answers · 4

When did NGI last raise capital?

The last capital raise in Navigator Global Investments's filings is Accelerated non-renounceable Entitlement Offer (ANREO) and Placement (Vendor scrip consideration) of $145.0M announced 4 May 2026, one of 1 cash raises in 24 months.

How much placement capacity does NGI have left?

About 21% of the 15% placement capacity left, about 79% used in 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 many options and rights does NGI have outstanding?

Unexercised options and rights equal 0.4% of Navigator Global Investments's shares on issue.

How much has NGI's share count grown?

Navigator Global Investments has 610.2M shares on issue as at 28 Oct 2026, up 24.5% over 24 months according to its Appendix 2A filings.

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0.4%
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
1
Raises · last 12 months
—
Cash cover · no runway frame

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 610.2M per ASX (delayed) (snapshot 28 Oct 2026).
500M550M600MDec 24Nov 25Oct 26Cash raise · 4 May 2026610.2M

Cash runway

No cash runway. This company is a bank, lender, insurer, property or investment vehicle: its operating cash flow is loans, deposits, inventory or portfolio purchases rather than a spend rate, so a funding runway does not apply.

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)

DateFormSecurityOn issue, per this filingSource
2 July 20262A · quoted issueNGI : FPO-U.S. INVESTOR PROHIBITED EXCEPT QPS610.2MAppendix 2A
2 June 20262A · quoted issueNGI : FPO-U.S. INVESTOR PROHIBITED EXCEPT QPS551.5MAppendix 2A
11 May 20262A · quoted issueNGI : FPO-U.S. INVESTOR PROHIBITED EXCEPT QPS547.0MAppendix 2A
27 Nov 20253H · cancellationNGI : FPO-U.S. INVESTOR PROHIBITED EXCEPT QPS491.1MAppendix 3H
25 Nov 20252A · quoted issueNGI : FPO-U.S. INVESTOR PROHIBITED EXCEPT QPS491.1MAppendix 2A
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9 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 · 1 in the last 12 months

$145.0M
Accelerated non-renounceable Entitlement Offer (ANREO) and Placement (Vendor scrip consideration)
At $2.40, 3.2% below the last close
4 May 2026 COMPLETE
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1 raise 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.

About 21% of the 15% placement capacity left — about 79% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-10-28). Shares issued with holder approval are not added to the base, so the true headroom can be higher.
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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

0.4%
Options & rights overhang · of current shares
—
In-the-money supply · no stated strikes
2.3M
Potential new shares
—
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 2.3M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
NGIABPerformance rightsCondition-triggered——2.3MFiling 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.

Also on issue: convertible debt, not counted above
These are debt. Each count is the filing’s own count of notes or units, not a share count, and how many shares they would become depends on terms we don’t hold in full (face value, interest, the conversion formula). So they are left out of the options overhang, the in-the-money supply and the parts of the risk score built on them. Placement capacity is different: the listing rules count a note issue at the most shares it can become.
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2 option and convertible-debt 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

DateDirectorTypeSharesOptionsOtherValueSource
1 Sept 2026Roger Andrew DavisBuy on-market40k——$101k3Y notice
2 June 2026Roger Andrew DavisBuy6k——$15k3Y notice
2 June 2026Stephen Jon DarkeBuy entitlement/SPP31k———3Y notice
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12 notices on record — 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.