Companies / STO

SANTOS LIMITED

ASX:STOEnergy
3.25B shares on issueASX (delayed) · snapshot 11 Sept 20263.27B fully diluted+0.6% if every option and right converts$8.53price · delayed$27.70Bmarket cap · indicative

Today’s holders own 99.4% of what they think they own, once every option and right converts.

Minimal
Dilution risk

No issuance filings since 2024; no dilution pressure signals in current disclosures

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 overhang0.6% of shares
In-the-money supplyno data — no exercise price on record
Pending proposed issuesnone

SANTOS LIMITED has no share-issuance (Appendix 2A) filings on record in the last 24 months, and no new share-issuance (Appendix 2A) filings have been lodged since January 2024. The company has not raised capital in the past 24 months, and no proposed securities issues are currently pending. Options and rights on issue could convert into 19M new shares, equal to 0.6% of the current share count. An expiry date for these securities has not been stated in any filing. The company does not have a current quarterly cash report (Appendix 4C/5B) runway figure on record.

AI-generated summary of this page's cited filings · updated 1 Sept 2026
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0.6%
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 3.25B per ASX (delayed) (snapshot 11 Sept 2026).
3.23B3.24B3.25B3.26B3.27BDec 24Oct 25Sept 263.25B

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
13 July 20263G · unquotedSTO : ORDINARY FULLY PAID3.25BAppendix 3G
13 July 20263H · cancellationSTO : ORDINARY FULLY PAID3.25BAppendix 3H
13 July 20263G · unquotedSTO : ORDINARY FULLY PAID3.25BAppendix 3G
13 July 20263H · cancellationSTO : ORDINARY FULLY PAID3.25BAppendix 3H
1 May 20263G · unquotedORDINARY FULLY PAID3.25BAppendix 3G
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75 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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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

0.6%
Options & rights overhang · of current shares
In-the-money supply · no stated strikes
18.7M
Potential new shares
Nearest expiry
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. All 18.7M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
STOAZRightsCondition-triggered3.0MFiling Meeting
STOAYRightsCondition-triggered15.7MFiling Meeting

“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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2 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 Apr 2026Kevin Thomas GallagherOther incentive665k3Y notice
27 Feb 2026Kevin Thomas GallagherSell on-market3Y notice
24 Feb 2026Vanessa Ann GuthrieBuy on-market6k3Y notice
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22 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.