Companies / RPL

REGAL PARTNERS LIMITED

ASX:RPLFinancial Services
394.8M shares on issueASX (delayed) · snapshot 11 Sept 2026438.3M fully diluted+11.0% if every option and right converts$2.40price · delayed$947.5Mmarket cap · indicative

Today’s holders own 90.1% of what they think they own, once every option and right converts.

Low
Dilution risk

Share count grew 22% in 24 months; options/rights overhang 11% of shares

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwayno data — not a quarterly (4C/5B) cash filer
Share-count growth (24m)21.6%
Raise cadence (24m)0 cash raises
Options & rights overhang11.0% of shares
In-the-money supplyno data — no exercise price on record
Pending proposed issuesnone

REGAL PARTNERS LIMITED's ordinary share count grew 21.6% between September 2024 and September 2026, reaching 395M shares. The company has not raised capital in the past 24 months, nor are any proposed securities issues pending. Options and rights on issue could convert into 44M new shares, representing 11.0% of the current share count, with the nearest expiry in July 2029; none of these options are currently in the money. No current quarterly cash report is on record, therefore no cash balance or funding runway figure is disclosed.

AI-generated summary of this page's cited filings · updated 3 Sept 2026
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11.0%
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 394.8M per ASX (delayed) (snapshot 11 Sept 2026).
340M360M380MDec 24Oct 25Sept 26394.8M

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
3 Sept 20262A · quoted issueRPL : ORDINARY FULLY PAID394.8MAppendix 2A
30 June 20262A · quoted issueRPL : ORDINARY FULLY PAID392.2MAppendix 2A
4 June 20263G · unquotedRPL : ORDINARY FULLY PAID367.7MAppendix 3G
20 Apr 20263H · cancellationRPL : ORDINARY FULLY PAID367.7MAppendix 3H
10 Apr 20263G · unquotedRPL : ORDINARY FULLY PAID367.7MAppendix 3G
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39 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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2 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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1 dated event 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

11.0%
Options & rights overhang · of current shares
In-the-money supply · no stated strikes
43.5M
Potential new shares
July 2029
Nearest expiry
What this supply is, and what converts it
  • Price-triggered10.8M · 2.7% of shares
    Options and warrants — they convert when the share price clears their exercise price.
  • Condition-triggered11.6M · 2.9% of shares
    Performance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
  • Converts on terms21.2M · 5.4% 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: 0 priced, 10.8M at a stated nil price, 32.8M 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

No option supply on record carries an exercise price to pay, so no share price switches any of it on. 10.8M of it states a NIL exercise price — nothing is paid to convert that, so it converts at any price. The other 32.8M converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
RPLAFOptionsPrice-triggeredNil9 July 202910.8MFiling
RPLACRightsCondition-triggered11.6MFiling Meeting
RPLADConverts on terms21.2MFiling

“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.

1 class ceased in the last 12 months and is not counted above
The company’s own Appendix 2A restates each of these at zero. They are excluded from the overhang, the in-the-money supply and every figure on this page. Each count is the filing’s own count of securities in the class, not a share count — a 2A never states what one security converts into.
  • RPLAEConverts on terms24.5M securities → 030 June 2026 Appendix 2A
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3 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
4 Sept 2026Brendan O'ConnorOther incentive7.1M3Y notice
31 Aug 2026Peter YatesBuy on-market39k$100k3Y notice
28 Aug 2026Peter YatesBuy on-market55k$142k3Y notice
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43 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.