PRAEMIUM LIMITED
ASX:PPSSoftware & ServicesToday’s holders own 97.6% of what they think they own, once every option and right converts.
No major dilution pressure signals in current disclosures
PRAEMIUM LIMITED's ordinary share count grew 1.0% between October 2024 and January 2026, its latest share-count filing, to 487M shares. The company has not raised capital through any placement, rights issue or share purchase plan in the past 24 months. Options and rights on issue could convert into 12M new shares, equal to 2.5% of the current share count, with none in the money at the current share price; the nearest expiry is not disclosed in any filing. The company's latest cash report, for the period ended June 2026, shows non-negative net cash flow, so no funding-runway estimate has been published. No proposed securities issues are pending.
Quick answers · 3
How much placement capacity does PPS have left?
About 88% of the 15% placement capacity left, about 12% 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.
How many options and rights does PPS have outstanding?
Unexercised options and rights equal 2.5% of Praemium's shares on issue.
How much has PPS's share count grown?
Praemium has 487.5M shares on issue as at 28 Oct 2026, up 1.0% 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 |
|---|---|---|---|---|
| 25 Feb 2026 | 3H · cancellation | PPS : ORDINARY FULLY PAID | 487.5M | Appendix 3H |
| 5 Feb 2026 | 3H · cancellation | PPS : ORDINARY FULLY PAID | 487.5M | Appendix 3H |
| 22 Jan 2026 | 2A · quoted issue | PPS : ORDINARY FULLY PAID | 487.5M | Appendix 2A |
| 6 Jan 2026 | 3H · cancellation | PPS : ORDINARY FULLY PAID | 478.4M | Appendix 3H |
| 4 Dec 2025 | 3G · unquoted | PPS : ORDINARY FULLY PAID | 478.4M | Appendix 3G |
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
- Price-triggered6.5M · 1.3% of sharesOptions and warrants — they convert when the share price clears their exercise price.No exercise price is on record for any of it, so none of it can be called in or out of the money.
- Condition-triggered5.7M · 1.2% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 0 priced, 12.2M 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.
No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 12.2M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| PPSAO | Performance rights | Condition-triggered | — | — | 5.7M | Filing Meeting |
| PPSAA | Options | Price-triggered, no exercise price stated | — | — | 6.5M | 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.
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 |
|---|---|---|---|---|---|---|---|
| 9 Sept 2026 | Matthew Quinn | Buy on-market | 100k | — | — | — | 3Y notice |
| 1 Sept 2026 | Katrina Efthim | Buy on-market | 30k | — | — | $20k | 3Y notice |
| 31 Aug 2026 | Justin Lipton | Buy on-market | 50k | — | — | — | 3Y notice |
| 31 Aug 2026 | Matthew Quinn | Buy on-market | 200k | — | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.