PENINSULA ENERGY LIMITED
ASX:PENEnergyToday’s holders own 90.8% of what they think they own, once every option and right converts.
Share count grew 259% in 24 months; runway 2–4 quarters; 2 cash raises in 24 months
PENINSULA ENERGY LIMITED underwent an approximately 1-for-20 share consolidation in November 2024. Following this, its ordinary share count grew 258.7% between July 2024 and July 2026, to 572M shares, with this figure adjusted for the consolidation. The company raised capital twice in the past 24 months for total disclosed proceeds of A$106.0M, most recently a A$36.1M Placement / Accelerated Non-Renounceable Entitlement Offer (ANREO) in May 2026. Options on issue could convert into 58M new shares, representing 10.1% of the current share count; none of these options are in the money, and the nearest expiry is November 2027. As of the June 2026 quarter, the company reported A$63.5M in available cash, covering approximately 3.8 quarters of funding at its recent spending rate. No proposed securities issues are pending.
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 Sept 2026 | 3G · unquoted | PEN : ORDINARY FULLY PAID | 571.5M | Appendix 3G |
| 15 July 2026 | 3G · unquoted | PEN : ORDINARY FULLY PAID | 571.5M | Appendix 3G |
| 3 July 2026 | 2A · quoted issue | PEN : ORDINARY FULLY PAID | 571.5M | Appendix 2A |
| 25 June 2026 | 2A · quoted issue | PEN : ORDINARY FULLY PAID | 571.4M | Appendix 2A |
| 11 June 2026 | 2A · quoted issue | PEN : ORDINARY FULLY PAID | 550.3M | Appendix 2A |
Capital raises
2 cash raises in the last 24 months · 1 in the last 12 months
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-triggered43.2M · 7.6% of sharesOptions and warrants — they convert when the share price clears their exercise price.At least 10.8M of it states no exercise price — that much cannot be called in or out of the money.
- Condition-triggered14.6M · 2.6% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
- Converts on terms1 · 0.0% of sharesConvertibles with no exercise price — they convert on their own terms, so they are shares in all but name.
Exercise price on record: 32.4M priced, 25.4M 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 $0.28 today, 0 securities are in the money (0.0% of shares on issue). At double today’s price it is 28.2M (4.9% 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.
- 25.4M (43.9% 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.
- 205k more carries an exercise price above ten times today’s — off the right of this axis, and in every total on this page.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| PENAV | Options | Price-triggered | $6.00 | 26 Nov 2027 | 205k | Filing |
| PENAAC | Options | Price-triggered | $0.45 | 1 Oct 2028 | 4.0M | Filing |
| PENAAD | Options | Price-triggered | $0.60 | 1 Oct 2028 | 4.0M | Filing |
| PENAAF | Warrants | Price-triggered | $0.45 | 30 Sept 2030 | 24.1M | Filing |
| PENAD | Notes | Converts on terms | — | — | 1 | Filing |
| PENAZ | Rights | Condition-triggered | — | — | 2.7M | Filing Meeting |
| — | Performance rights | Condition-triggered | — | — | 4.7M | Filing Meeting |
| PENAB | Performance rights | Condition-triggered | — | — | 7.1M | Filing Meeting |
| PENAC | Warrants | Price-triggered | — | — | 10.8M | 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 |
|---|---|---|---|---|---|---|---|
| 3 July 2026 | Keith Bowes | Buy | 71k | — | — | $25k | 3Y notice |
| 3 July 2026 | Tejal Magan | Buy | 57k | — | — | $20k | 3Y notice |
| 12 June 2026 | David Coyne | Buy entitlement/SPP | 33k | — | — | $12k | 3Y notice |
| 12 June 2026 | George Bauk | Buy entitlement/SPP | 32k | 1.0M | 1.4M | $11k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.