Companies / SLX

SILEX SYSTEMS LIMITED

ASX:SLXCapital Goods
278.8M shares on issueASX (delayed) · snapshot 11 Sept 2026282.3M fully diluted+1.3% if every option and right converts$4.91price · delayed$1.37Bmarket cap · indicative

Today’s holders own 98.7% of what they think they own, once every option and right converts.

Low
Dilution risk

Share count grew 18% in 24 months; 1 cash raise in 24 months; 0% 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)17.5%
Raise cadence (24m)1 cash raise
Options & rights overhang1.3% of shares
In-the-money supply0.5% of shares
Pending proposed issuesnone

SILEX SYSTEMS LIMITED's ordinary share count grew 17.5% between September 2024 and September 2026, reaching 279M shares. The company undertook one capital raise in the past 24 months, a Placement and Share Purchase Plan (SPP) in August 2025 that generated A$149.4M. Options and rights on issue could convert into 4M new shares, representing 1.3% of the current share count, with the nearest expiry in December 2026. There are currently no proposed securities issues pending. The company does not have a current quarterly cash report on record, therefore a cash balance and funding runway figure is not available.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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1.3%
Options & rights overhang
0.5%
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 278.8M per ASX (delayed) (snapshot 11 Sept 2026).
240M260M280MDec 24Oct 25Sept 26Cash raise · 5 Aug 2025278.8M

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
1 Sept 20262A · quoted issueSLX : ORDINARY FULLY PAID278.8MAppendix 2A
1 Sept 20263H · cancellationSLX : ORDINARY FULLY PAID278.4MAppendix 3H
1 Sept 20263G · unquotedSLX : ORDINARY FULLY PAID278.4MAppendix 3G
14 May 20262A · quoted issueSLX : ORDINARY FULLY PAID278.4MAppendix 2A
14 May 20263H · cancellationSLX : ORDINARY FULLY PAID278.3MAppendix 3H
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40 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

1 cash raise in the last 24 months · 0 in the last 12 months

$149.4M
Placement and Share Purchase Plan (SPP)
5 Aug 2025 ACTIVE
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5 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.

164k of option supply could convert within 12 months — 0.1% of shares on issue
164k in the money, expiring in the window
Out-of-the-money options are excluded — at today’s price they expire rather than convert. So is condition-triggered supply, which has no expiry and no price, and convertibles that convert on their own terms rather than on a date.
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8 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

1.3%
Options & rights overhang · of current shares
0.5%
In-the-money supply · at current price
3.5M
Potential new shares
Dec 2026
Nearest expiry
What this supply is, and what converts it
  • Price-triggered2.1M · 0.8% of shares
    Options and warrants — they convert when the share price clears their exercise price.
  • Condition-triggered1.4M · 0.5% 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: 2.1M priced (of which 1.3M in the money), 1.4M 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
1.8M3.5M$4.91 now0.25× today ($1.23) — 514k of the priced supply in the money, 0.2% of shares on issue0.5× today ($2.46) — 514k of the priced supply in the money, 0.2% of shares on issue0.75× today ($3.68) — 564k of the priced supply in the money, 0.2% of shares on issue1× today ($4.91) — 1.3M of the priced supply in the money, 0.5% of shares on issue1.25× today ($6.14) — 2.1M of the priced supply in the money, 0.8% of shares on issue1.5× today ($7.37) — 2.1M of the priced supply in the money, 0.8% of shares on issue2× today ($9.82) — 2.1M of the priced supply in the money, 0.8% of shares on issue3× today ($14.73) — 2.1M of the priced supply in the money, 0.8% of shares on issue5× today ($24.55) — 2.1M of the priced supply in the money, 0.8% of shares on issue10× today ($49.10) — 2.1M of the priced supply in the money, 0.8% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $4.91 today, 1.3M securities are in the money (0.5% of shares on issue). No more priced supply until 1.25× today’s price, which takes it to 2.1M (0.8% of shares).

  • 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.
  • 1.4M (39.4% 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
SLXAQOptionsPrice-triggered$3.4718 Dec 202650kFiling
SLXANOptionsPrice-triggered$1.1917 Mar 2027114kFiling
SLXAEOptionsPrice-triggered$4.504 Dec 202775kFiling
SLXAPOptionsPrice-triggered$3.7716 Apr 2028531kFiling
SLXAGOptionsPrice-triggered$5.371 Dec 202875kFiling
SLXADOptionsPrice-triggered$5.0022 Apr 2029650kFiling
SLXAFOptionsPrice-triggered$4.0630 June 2030120kFiling
—OptionsPrice-triggered$5.6330 June 2031135kFiling
SLXALPerformance rightsCondition-triggered——1.4MFiling Meeting
SLXAMOptionsPrice-triggered$0.94—400kFiling

“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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10 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
1 Sept 2026Michael GoldsworthyOther incentive68k—220k—3Y notice
27 Feb 2026Christopher WilksSell on-market850k——$5.6M3Y notice
27 Feb 2026Craig RoySell on-market130k———3Y notice
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8 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

1 Sept 2026Change of Director's Interest Notice
1 Sept 2026Notification regarding unquoted securities - SLX
1 Sept 2026Notification of cessation of securities - SLX
1 Sept 2026Application for quotation of securities - SLX
26 Aug 2026Investor Presentation
26 Aug 2026Annual Report to Shareholders
26 Aug 2026$PAppendix 4E
26 Aug 2026Appendix 4G and Corporate Governance Statement
26 Aug 2026Operational Update - 27 August 2026
18 Aug 2026Release of Shares from Voluntary Escrow
3 Aug 2026Release of Shares from Voluntary Escrow
13 July 2026Change in substantial holding
28 June 2026Quantum Silicon Production Plant Update
24 June 2026Ceasing to be a substantial holder
14 May 2026Notification of cessation of securities - SLX
14 May 2026Application for quotation of securities - SLX
6 May 2026Release of Shares from Voluntary Escrow
5 May 2026Becoming a substantial holder
10 Apr 2026Change in substantial holding
10 Apr 2026Release of Shares from Voluntary Escrow

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