STEPCHANGE HOLDINGS LIMITED
ASX:STHSoftware & ServicesToday’s holders own 96.8% of what they think they own, once every option and right converts.
No issuance filings since 2024; no dilution pressure signals in current disclosures
STEPCHANGE HOLDINGS LIMITED's ordinary share count is 164M as of August 2026, its latest share-count filing. No share-count change figure is stated because the filed Appendix 2A series ends earlier than that date, and no new share-issuance filings have been lodged since January 2024. The company has not raised capital via any placement, rights issue or share purchase plan in the past 24 months. Options and rights on issue could convert into 6M new shares, equal to 3.3% of the current share count, none of which are in the money; the nearest expiry is October 2029. The latest cash report is a half-year/annual report, which shows non-negative net cash flow, so no funding-runway estimate applies. No proposed securities issues are pending.
Quick answers · 2
How much placement capacity does STH have left?
About 38% of the 15% placement capacity left, about 62% 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.
When do STH's options expire?
Unexercised options and rights equal 3.3% of Stepchange Holdings's shares on issue; the nearest expiry is Oct 2029.
Shares on issue — last 2 years
Cumulative figures as stated by the company on its daily notice. Latest notice
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 |
|---|---|---|---|---|
| 6 Aug 2026 | 3H · cancellation | STH : ORDINARY FULLY PAID | 164.4M | Appendix 3H |
| 7 July 2026 | 3G · unquoted | STH : ORDINARY FULLY PAID | 164.6M | Appendix 3G |
| 3 July 2026 | 3H · cancellation | STH : ORDINARY FULLY PAID | 164.6M | Appendix 3H |
| 3 June 2026 | 3H · cancellation | STH : ORDINARY FULLY PAID | 165.0M | Appendix 3H |
| 4 May 2026 | 3H · cancellation | STH : ORDINARY FULLY PAID | 165.3M | Appendix 3H |
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
At $0.12 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 3× today’s price, which takes it to 5.5M (3.3% 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.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| STHAA | Options | Price-triggered | $0.29 | 31 Oct 2029 | 4.0M | Filing |
| STHAB | Options | Price-triggered | $0.29 | 31 Oct 2030 | 1.5M | 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.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 24 Mar 2026 | Geoff Lewis | Buy on-market | 165k | — | — | $19k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.