Companies / PLA

PACIFIC LIME AND CEMENT LIMITED

ASX:PLAMaterials
860.9M shares on issueAppendix 2A · as of 7 Sept 2026919.1M fully diluted+6.8% if every option and right converts$0.38price · delayed—market cap · indicative

Today’s holders own 93.7% of what they think they own, once every option and right converts.

Moderate
Dilution riskprovisional — limited history

Runway under 2 quarters; options/rights overhang 7% of shares; 2% of shares in the money; since relisting as PLA; prior history under MRL not included

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway0.5 quarters of funding
Share-count growth (24m)2.8%since relisting as PLA; prior history under MRL not included
Raise cadence (24m)0 cash raisessince relisting as PLA; prior history under MRL not included
Options & rights overhang6.8% of shares
In-the-money supply1.5% of shares
Pending proposed issuesnone

PACIFIC LIME AND CEMENT LIMITED's ordinary share count was 861M as of September 2026, an increase of 2.8% since September 2025. No capital raises were reported in the past 24 months. There are 58M options and rights on issue, representing 6.8% of current shares, of which 2% are in the money. The nearest expiry date for these options is September 2026. As of June 2026, the company held A$16.0M in available cash, sufficient for 0.5 quarters of operations. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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6.8%
Options & rights overhang
1.5%
In-the-money supply
0
Raises · last 12 months
0.5 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Shown since relisting as PLA (11 Aug 2025); prior history under MRL is not included. Latest count 860.9M per Appendix 2A (filed 7 Sept 2026).
840M850M860MAug 25Feb 26Aug 26

Cash runway

0.5 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
The latest quarterly report funded operations to about Aug 2026 — that date has passed, and no later report is on record.
$15.7M cash after burn from the quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds. Filed with the quarterly report: $16.7M cash at quarter end (item 4.6), 0.6 qtrs of funding on the company’s own estimate. Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.
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4 quarters on record — Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 30 June 2026.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
7 Sept 20262A · quoted issueCHESS DEPOSITARY INTERESTS 1:1860.9MAppendix 2A
24 July 20263G · unquotedPLA : CHESS DEPOSITARY INTERESTS 1:1860.7MAppendix 3G
17 June 20263G · unquotedPLA : CHESS DEPOSITARY INTERESTS 1:1860.7MAppendix 3G
29 May 20262A · quoted issueCHESS DEPOSITARY INTERESTS 1:1860.7MAppendix 2A
22 May 20262A · quoted issuePLA : CHESS DEPOSITARY INTERESTS 1:1860.6MAppendix 2A
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27 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

No equity raises on record since relisting as PLA (11 Aug 2025); prior history under MRL is not included.
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5 raises on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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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.

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4 dated events on record — Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
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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.

No Appendix 3B in the last 12 months reports an issue under the 15% placement capacity (as at 2026-09-12).
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Placement capacity — LR 7.1 / 7.1A
The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

6.8%
Options & rights overhang · of current shares
1.5%
In-the-money supply · at current price
58.1M
Potential new shares
Sept 2026
Nearest expiry
What this supply is, and what converts it
  • Price-triggered45.3M · 5.3% of shares
    Options and warrants — they convert when the share price clears their exercise price.
  • Condition-triggered12.8M · 1.5% of shares
    Performance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
  • Converts on terms10k · 0.0% of shares
    Convertibles with no exercise price — they convert on their own terms, so they are shares in all but name.

Exercise price on record: 45.3M priced (of which 12.5M in the money), 12.8M 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.

What a price move would switch on
29.1M58.1M$0.38 now0.25× today ($0.10) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.19) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.29) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.38) — 12.5M of the priced supply in the money, 1.5% of shares on issue1.25× today ($0.47) — 45.3M of the priced supply in the money, 5.3% of shares on issue1.5× today ($0.57) — 45.3M of the priced supply in the money, 5.3% of shares on issue2× today ($0.76) — 45.3M of the priced supply in the money, 5.3% of shares on issue3× today ($1.14) — 45.3M of the priced supply in the money, 5.3% of shares on issue5× today ($1.90) — 45.3M of the priced supply in the money, 5.3% of shares on issue10× today ($3.80) — 45.3M of the priced supply in the money, 5.3% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.38 today, 12.5M securities are in the money (1.5% of shares on issue). No more priced supply until 1.25× today’s price, which takes it to 45.3M (5.3% 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.
  • 12.8M (22.0% 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.
CodeSecurityTypeExercise priceExpiryOn issueSource
PLAAJOptionsPrice-triggered$0.4019 Sept 2026625kFiling
PLAAAOptionsPrice-triggered$0.4013 Apr 202932.2MFiling
PLAABOptionsPrice-triggered$0.3017 June 20297.5MFiling
PLAAGOptionsPrice-triggered$0.3024 July 20295.0MFiling
PLAAMNotesConverts on terms——10kFiling
PLAAEPerformance rightsCondition-triggered——12.8MFiling

“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.

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6 option lines on record — In-the-money value & price ladder
What each line is worth in the money today, the price ladder to the next tranche that converts, and the filing description behind every code.
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Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
8 May 2026Richard PegumBuy on-market23k——$7k3Y notice
13 Apr 2026Chris IndermaurOther incentive—4.5M2.3M—3Y notice
13 Apr 2026Musje WerrorOther incentive18k6.0M2.3M—3Y notice
13 Apr 2026Timothy CrossleyOther incentive—9.0M——3Y notice
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10 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

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Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

7 Sept 2026Application for quotation of securities - PLA
31 July 2026$PQuarterly Activities and Cash Flow Report
26 July 2026$PPNG Govt Acquires 13% Stake In Central Lime Project
24 July 2026Notification regarding unquoted securities - PLA
17 June 2026Notification regarding unquoted securities - PLA
29 May 2026Application for quotation of securities - PLA
28 May 2026Appointment of Darren Holley as COO and CCO
22 May 2026Application for quotation of securities - PLA
18 May 2026Application for quotation of securities - PLA
18 May 2026Change in substantial holding
14 May 2026Appendix 3Y - Pegum
14 May 2026Notification of cessation of securities - PLA
11 May 2026Becoming a substantial holder
11 May 2026Notification of cessation of securities - PLA
30 Apr 2026$PQuarterly Activities and Cash Flow Report
29 Apr 2026Central Lime Project Construction Update
28 Apr 2026Amended Announcement Strategic Review of Star Mountains
24 Apr 2026Strategic MOU signed for dedicated power infrastructure
20 Apr 2026Investor Presentation
17 Apr 2026Appendix 3Y - 3 Directors

Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.