PENGANA CAPITAL GROUP LIMITED
ASX:PCGFinancial ServicesToday’s holders own 84.9% of what they think they own, once every option and right converts.
Options/rights overhang 18% of shares
PENGANA CAPITAL GROUP LIMITED held 97M ordinary shares as of October 2026, based on the ASX market reading. Its filed share-count series (Appendix 2A) ends earlier, so the percentage change over the 24-month window is not stated. The company has not raised capital via placements, rights issues or share purchase plans in the past 24 months. Options and rights on issue could convert into 17M new shares, equal to 17.8% of the current share count, none of which are in the money; the nearest expiry is June 2029. The company is a financial services entity, so no funding-runway figure applies. No proposed securities issues are pending.
Quick answers · 2
How much placement capacity does PCG 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 PCG's options expire?
Unexercised options and rights equal 17.8% of Pengana Capital Group's shares on issue; the nearest expiry is June 2029.
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 |
|---|---|---|---|---|
| 28 Oct 2026 | 3H · cancellation | PCG : ORDINARY FULLY PAID | 96.9M | Appendix 3H |
| 20 Oct 2026 | 3H · cancellation | PCG : ORDINARY FULLY PAID | 97.0M | Appendix 3H |
| 13 Oct 2026 | 3H · cancellation | PCG : ORDINARY FULLY PAID | 97.0M | Appendix 3H |
| 10 June 2026 | 3H · cancellation | PCG : ORDINARY FULLY PAID | 97.8M | Appendix 3H |
| 18 May 2026 | 3H · cancellation | PCG : ORDINARY FULLY PAID | 97.9M | Appendix 3H |
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 (96.9M) need not equal the current count above (97.0M).
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
- Price-triggered5.6M · 5.7% of sharesOptions and warrants — they convert when the share price clears their exercise price.
- Condition-triggered11.7M · 12.1% 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: 5.6M priced, 11.7M 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.
An exercise price is on record for only 32.2% of this supply, so what is in the money today is not a measurement — the tile above reads “—” for that reason. Of the priced supply, 0 is in the money at $0.86 today. At double today’s price it is 5.6M (5.7% 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.
- 11.7M (67.8% 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 |
|---|---|---|---|---|---|---|
| PCGAH | Options | Price-triggered | $1.46 | 30 June 2029 | 3.1M | Filing |
| PCGAJ | Options | Price-triggered | $1.54 | 30 June 2030 | 2.4M | Filing |
| PCGAC | Rights | Condition-triggered | — | — | 1.9M | Filing Meeting |
| PCGAF | Performance rights | Condition-triggered | — | — | 9.8M | 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. 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.
- PCGAICondition-triggered551k securities → 06 Mar 2026 Appendix 2A
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 8 Oct 2026 | Russel Craig Pillemer | Sell incentive | — | — | — | — | 3Y notice |
| 14 Sept 2026 | Russel Craig Pillemer | Other | — | 5.5M | — | — | 3Y notice |
| 30 June 2026 | Russel Craig Pillemer | Buy on-market | 76k | 5.5M | — | $74k | 3Y notice |
| 30 June 2026 | Russel Craig Pillemer | Buy on-market | 147k | — | — | $30k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.