PINNACLE INVESTMENT MANAGEMENT GROUP LIMITED
ASX:PNIFinancial ServicesToday’s holders own 99.0% of what they think they own, once every option and right converts.
Share count grew 20% in 24 months; 2 cash raises in 24 months; 0% of shares in the money
PINNACLE INVESTMENT MANAGEMENT GROUP LIMITED's ordinary share count grew 19.9% between September 2024 and October 2026, its latest share-count filing, to 244M shares. The company raised capital twice in the 24-month window for total disclosed proceeds of A$451.7M, most recently an Employee Incentive Scheme in April 2025 raising A$1.2M. Options and rights on issue could convert into 3M new shares, equal to 1.0% of the current share count, none of which are in the money; the nearest expiry falls in March 2030. No funding-runway figure applies because the company is a bank, lender, insurer, property or investment vehicle, whose operating cash flow is not a spend rate. No proposed securities issues are pending.
Quick answers · 4
When did PNI last raise capital?
The last capital raise in Pinnacle Investment Management Group's filings is Employee Incentive Scheme of $1.2M announced 9 Apr 2025, one of 2 cash raises in 24 months.
How much placement capacity does PNI have left?
About 64% of the 15% placement capacity left, about 36% used in 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 PNI's options expire?
Unexercised options and rights equal 1% of Pinnacle Investment Management Group's shares on issue; the nearest expiry is Mar 2030.
How much has PNI's share count grown?
Pinnacle Investment Management Group has 243.6M shares on issue as at 28 Oct 2026, up 19.9% over 24 months according to its Appendix 2A filings.
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 |
|---|---|---|---|---|
| 2 Oct 2026 | 2A · quoted issue | PNI : ORDINARY FULLY PAID | 243.6M | Appendix 2A |
| 25 Sept 2026 | 2A · quoted issue | PNI : ORDINARY FULLY PAID | 241.5M | Appendix 2A |
| 14 July 2026 | 3H · cancellation | PNI : ORDINARY FULLY PAID | 241.0M | Appendix 3H |
| 29 June 2026 | 3G · unquoted | ORDINARY FULLY PAID | 241.0M | Appendix 3G |
| 12 May 2026 | 2A · quoted issue | PNI : ORDINARY FULLY PAID | 241.0M | 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
2 cash raises in the last 24 months · 0 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 / 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
At $14.61 today, 400k securities are in the money (0.2% of shares on issue) — a floor, because an exercise price is on record for only 15.8% of this supply. No price up to ten times today’s switches on any more priced supply.
- 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.
- 2.1M (84.2% 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 |
|---|---|---|---|---|---|---|
| PNIAD | Options | Price-triggered | $2.97 | 25 Mar 2030 | 200k | Filing |
| PNIAF | Options | Price-triggered | $5.24 | 11 Sept 2030 | 100k | Filing |
| PNIAH | Options | Price-triggered | $6.84 | 30 Dec 2030 | 100k | Filing |
| PNIAB | Options | Price-triggered, no exercise price stated | — | — | 2.1M | 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. For what expires soon across other listed companies, see the options expiry calendar.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 30 Sept 2026 | Deborah Beale | Buy on-market | 5k | — | — | $66k | 3Y notice |
| 29 Sept 2026 | Lorraine Berends | Buy on-market | 2k | — | — | $21k | 3Y notice |
| 25 Sept 2026 | Alan Watson | Other DRP | 785 | — | — | $11k | 3Y notice |
| 25 Sept 2026 | Christa Lenard | Other DRP | 196 | — | — | $3k | 3Y notice |
| 25 Sept 2026 | Ian Macoun | Other DRP | 322k | — | — | $4.4M | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.