OBJECTIVE CORPORATION LIMITED
ASX:OCLSoftware & ServicesToday’s holders own 98.2% of what they think they own, once every option and right converts.
No major dilution pressure signals in current disclosures
OBJECTIVE CORPORATION LIMITED's ordinary share count was 96M as of July 2026, an increase of 0.4% since September 2024. The company has not raised capital in the past 24 months, and no proposed securities issues are pending. Options and rights on issue could convert into 2M new shares, representing 1.9% of the current share count, with none currently in the money. The nearest expiry for these options is April 2027. Objective Corporation Limited has no current quarterly cash report on record, therefore a cash balance and funding runway figure are not disclosed on that basis.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 9 July 2026 | 2A · quoted issue | OCL : ORDINARY FULLY PAID | 95.6M | Appendix 2A |
| 30 June 2026 | 2A · quoted issue | OCL : ORDINARY FULLY PAID | 96.2M | Appendix 2A |
| 29 June 2026 | 3H · cancellation | OCL : ORDINARY FULLY PAID | 95.4M | Appendix 3H |
| 4 June 2026 | 2A · quoted issue | OCL : ORDINARY FULLY PAID | 96.0M | Appendix 2A |
| 15 Apr 2026 | 2A · quoted issue | OCL : ORDINARY FULLY PAID | 96.0M | Appendix 2A |
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 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-triggered1.7M · 1.8% of sharesOptions and warrants — they convert when the share price clears their exercise price.At least 41k of it states no exercise price — that much cannot be called in or out of the money.
- Condition-triggered32k · 0.0% 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: 1.7M priced, 73k 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 $5.89 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 1.5× today’s price, which takes it to 205k (0.2% 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.
- 73k (4.1% 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 |
|---|---|---|---|---|---|---|
| OCLAAC | Options | Price-triggered | $14.85 | 30 Apr 2027 | 100k | Filing |
| OCLAO | Options | Price-triggered | $10.35 | 1 Jan 2028 | 869k | Filing |
| OCLAAD | Options | Price-triggered | $12.00 | 1 Jan 2028 | 90k | Filing |
| OCLAP | Options | Price-triggered | $14.85 | 1 Jan 2028 | 413k | Filing |
| OCLAA | Options | Price-triggered | $17.99 | 31 Dec 2029 | 20k | Filing |
| OCLAN | Options | Price-triggered | $7.50 | 1 July 2030 | 205k | Filing |
| OCLAAB | Rights | Condition-triggered | — | — | 32k | Filing Meeting |
| OCLAZ | Options | Price-triggered | — | — | 41k | 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.
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
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 27 Feb 2026 | Stephen Bool | Buy incentive | 5k | — | — | — | 3Y notice |
| 19 Sept 2025 | Stephen Bool | Sell on-market | — | — | — | — | 3Y notice |
| 28 Feb 2025 | Stephen Bool | Other incentive | 3k | — | 8k | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.