PENGANA CAPITAL GROUP LIMITED
ASX:PCGFinancial ServicesToday’s holders own 85.0% of what they think they own, once every option and right converts.
Options/rights overhang 18% of shares
PENGANA CAPITAL GROUP LIMITED had 98M ordinary shares outstanding as of June 2026. The company has not raised capital in the past 24 months, nor are any proposed securities issues pending. Options and rights on issue could convert into 17M new shares, representing 17.6% of the current share count, with the nearest expiry in June 2029; none are currently in the money. A current quarterly cash report or funding runway figure is not on record. The provided share count series does not allow for a stated growth percentage over the past 24 months.
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 |
|---|---|---|---|---|
| 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 |
| 14 Apr 2026 | 3H · cancellation | PCG : ORDINARY FULLY PAID | 98.0M | Appendix 3H |
| 30 Mar 2026 | 3H · cancellation | PCG : ORDINARY FULLY PAID | 98.0M | Appendix 3H |
| 9 Mar 2026 | 3G · unquoted | ORDINARY FULLY PAID | 99.0M | Appendix 3G |
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-triggered5.6M · 5.7% of sharesOptions and warrants — they convert when the share price clears their exercise price.
- Condition-triggered11.7M · 12.0% 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: 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 $0.71 today. No more priced supply until 3× today’s price, which takes it to 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.
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 |
|---|---|---|---|---|---|---|---|
| 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 |
| 2 Mar 2026 | Brendan O'Dea | Other incentive | 107k | — | — | $83k | 3Y notice |
| 2 Mar 2026 | David Frederick Groves | Other incentive | 188k | — | 188k | $14 | 3Y notice |
| 2 Mar 2026 | Jeremy Steven Dunkel | Other incentive | — | 121k | — | $93k | 3Y notice |
| 2 Mar 2026 | Kevin John Eley | Other incentive | 134k | — | — | $104k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.