PERPETUAL EQUITY INVESTMENT COMPANY LIMITED
ASX:PICFund / trustNo major dilution pressure signals in current disclosures
PERPETUAL EQUITY INVESTMENT COMPANY LIMITED's ordinary share count was 386M as of October 2026, up 1.2% since October 2024. The company has not conducted any capital raisings in the 24-month window and has no proposed securities issues currently pending. No options or rights data is on record. The company is a bank, lender, insurer, property or investment vehicle, whose operating cash flow is not a spend rate; no funding-runway figure applies. The modest share-count increase over the period reflects minimal equity issuance.
Quick answers · 2
How much placement capacity does PIC 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.
How much has PIC's share count grown?
Perpetual Equity Investment Company has 386.4M shares on issue as at 28 Oct 2026, up 1.2% over 24 months according to its Appendix 2A filings.
Shares on issue — last 2 years
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 |
|---|---|---|---|---|
| 1 Oct 2026 | 2A · quoted issue | PIC : ORDINARY FULLY PAID | 386.4M | Appendix 2A |
| 9 Apr 2026 | 2A · quoted issue | PIC : ORDINARY FULLY PAID | 385.3M | Appendix 2A |
| 3 Oct 2025 | 2A · quoted issue | PIC : ORDINARY FULLY PAID | 384.1M | Appendix 2A |
| 4 Apr 2025 | 2A · quoted issue | PIC : ORDINARY FULLY PAID | 383.1M | Appendix 2A |
| 8 Oct 2024 | 2A · quoted issue | PIC : ORDINARY FULLY PAID | 381.9M | Appendix 2A |
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
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 1 Oct 2026 | MICHAEL CHARLES CLARKE | Buy | 8k | — | — | $10k | 3Y notice |
| 1 Oct 2026 | Timothy Gordon Bednall | Other DRP | 180 | — | — | $207 | 3Y notice |
| 22 Sept 2026 | Timothy Gordon Bednall | Buy on-market | 20k | — | — | $23k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.