Companies / PNV

POLYNOVO LIMITED

ASX:PNVHealth Care Equipment & Services
690.8M shares on issueASX (delayed) · snapshot 11 Sept 2026701.4M fully diluted+1.5% if every option and right converts$1.00price · delayed$690.8Mmarket cap · indicative

Today’s holders own 98.5% of what they think they own, once every option and right converts.

Minimal
Dilution risk

No major dilution pressure signals in current disclosures

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwayno data — not a quarterly (4C/5B) cash filer
Share-count growth (24m)0.0%
Raise cadence (24m)0 cash raises
Options & rights overhang1.5% of shares
In-the-money supplyno data — no exercise price on record
Pending proposed issuesnone

POLYNOVO LIMITED's ordinary share count stood at 691M as of November 2024, unchanged from August 2024. The company has not undertaken any capital raises in the past 24 months and has no pending proposed securities issues. Options and rights on issue could convert into 11M new shares, representing 1.5% of the current share count, with none currently in the money; no expiry date for these securities has been filed. POLYNOVO LIMITED has not lodged a current quarterly cash report, so no available cash or funding-runway figure is disclosed on that basis.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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1.5%
Options & rights overhang
In-the-money supply · no stated strikes
0
Raises · last 12 months
Cash cover · not a quarterly filer

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 690.8M per ASX (delayed) (snapshot 11 Sept 2026).
687.5M690.0M692.5M695.0MDec 24Oct 25Sept 26690.8M

Cash runway

Not a quarterly cash filer. This company does not lodge Appendix 4C/5B quarterly cash reports, so cash runway does not apply.

Issuance timeline

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

DateFormSecurityOn issue, per this filingSource
28 Nov 20242A · quoted issuePNV : ORDINARY FULLY PAID690.8MAppendix 2A
28 Nov 20243G · unquotedORDINARY FULLY PAID690.8MAppendix 3G
28 Nov 20243H · cancellationPNV : ORDINARY FULLY PAID690.8MAppendix 3H
4 Oct 20242A · quoted issuePNV : ORDINARY FULLY PAID690.8MAppendix 2A
23 Aug 20243G · unquotedORDINARY FULLY PAID690.2MAppendix 3G
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7 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 in the last 24 months.
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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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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

1.5%
Options & rights overhang · of current shares
In-the-money supply · no stated strikes
10.5M
Potential new shares
Nearest expiry
What a price move would switch on

No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 10.5M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
PNVAAOptionsPrice-triggered10.5MFiling

“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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1 option line 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
12 Mar 2026Mr Robert DouglasBuy on-market151k$100k3Y notice
25 Feb 2026Leon HoareBuy on-market30k$28k3Y notice
24 Feb 2026Mr Andrew LumsdenBuy on-market100k$91k3Y notice
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11 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

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