Companies / REH

REECE LIMITED

ASX:REHCapital Goods
615.1M shares on issueASX (delayed) · snapshot 11 Sept 2026640.6M fully diluted+4.1% if every option and right converts$16.57price · delayed$10.19Bmarket cap · indicative

Today’s holders own 96.0% of what they think they own, once every option and right converts.

Minimal
Dilution risk

3% of shares in the money

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%no issuance filings since 2024
Raise cadence (24m)0 cash raises
Options & rights overhang4.1% of shares
In-the-money supply2.7% of shares
Pending proposed issuesnone

REECE LIMITED has no ordinary share count changes on record in the past 24 months from Appendix 2A filings. The company has not raised capital in the past 24 months and has no pending proposed securities issues. Options and rights on issue could convert into 26M new shares, representing 4.1% of the current share count, of which 3% are in the money; the nearest expiry is April 2036. No current quarterly cash report runway figure is disclosed.

AI-generated summary of this page's cited filings · updated 29 Aug 2026
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4.1%
Options & rights overhang
2.7%
In-the-money supply
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 615.1M per ASX (delayed) (snapshot 11 Sept 2026).
620M630M640MDec 24Oct 25Sept 26615.1M

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
23 Aug 20263H · cancellationREH : ORDINARY FULLY PAID615.1MAppendix 3H
21 July 20263G · unquotedREH : ORDINARY FULLY PAID615.1MAppendix 3G
21 July 20263H · cancellationREH : ORDINARY FULLY PAID615.1MAppendix 3H
15 July 20263G · unquotedORDINARY FULLY PAID615.1MAppendix 3G
15 July 20263H · cancellationREH : ORDINARY FULLY PAID615.1MAppendix 3H
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26 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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2 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

4.1%
Options & rights overhang · of current shares
2.7%
In-the-money supply · at current price
25.5M
Potential new shares
Apr 2036
Nearest expiry
What this supply is, and what converts it
  • Price-triggered16.3M · 2.7% of shares
    Options and warrants — they convert when the share price clears their exercise price.
  • Condition-triggered9.2M · 1.5% of shares
    Performance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.

Exercise price on record: 16.3M priced (of which 16.3M in the money), 9.2M 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.

What a price move would switch on
12.8M25.5M$16.57 now0.25× today ($4.14) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($8.29) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($12.43) — 304k of the priced supply in the money, 0.0% of shares on issue1× today ($16.57) — 16.3M of the priced supply in the money, 2.7% of shares on issue1.25× today ($20.71) — 16.3M of the priced supply in the money, 2.7% of shares on issue1.5× today ($24.86) — 16.3M of the priced supply in the money, 2.7% of shares on issue2× today ($33.14) — 16.3M of the priced supply in the money, 2.7% of shares on issue3× today ($49.71) — 16.3M of the priced supply in the money, 2.7% of shares on issue5× today ($82.85) — 16.3M of the priced supply in the money, 2.7% of shares on issue10× today ($165.70) — 16.3M of the priced supply in the money, 2.7% of shares on issue0.25×0.5×0.75×now1.25×1.5×10×

At $16.57 today, 16.3M securities are in the money (2.7% of shares on issue). 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.
  • 9.2M (36.0% 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
REHACOptionsPrice-triggered$13.0729 Apr 203669kFiling
REHABOptionsPrice-triggered$13.0030 Mar 204115.7MFiling
REHAPRightsCondition-triggered9kFiling Meeting
REHAARightsCondition-triggered2.0MFiling Meeting
REHAOPerformance rightsCondition-triggered7.2MFiling Meeting
REHAMOptionsPrice-triggered$10.06304kFiling
REHANOptionsPrice-triggered$14.46239kFiling

“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.

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.

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7 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
24 Aug 2026Peter WilsonOther122.2M11.0M4.0M3Y notice
31 Mar 2026Jacqueline ChowBuy on-market4k$48k3Y notice
30 Mar 2026Peter WilsonOther incentive137.7M11.0M4.5M3Y notice
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9 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.