Companies / VGN

VIRGIN AUSTRALIA HOLDINGS LIMITED.

ASX:VGNTransportation
784.2M shares on issueASX (delayed) · snapshot 11 Sept 2026794.1M fully diluted+1.3% if every option and right converts$2.80price · delayed$2.20Bmarket cap · indicative

Today’s holders own 98.8% of what they think they own, once every option and right converts.

Minimal
Dilution riskprovisional — limited history

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 overhang1.3% of shares
In-the-money supplyno data — no exercise price on record
Pending proposed issuesnone

VIRGIN AUSTRALIA HOLDINGS LIMITED. had 784M ordinary shares on issue as of April 2026. The company has not lodged any new share issuance filings since January 2024 and has not undertaken any capital raises in the past 24 months. Potential new shares from options total 10M, representing 1.3% of current shares, with 0% in the money. No filing on record states an expiry date for these options. The company has no proposed securities issues pending. Quarterly cash balance and funding runway figures are not available as no recent cash reports have been lodged.

AI-generated summary of this page's cited filings · updated 1 Sept 2026
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1.3%
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 784.2M per ASX (delayed) (snapshot 11 Sept 2026).
782M783M784MJune 25Jan 26Sept 26784.2M

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
14 July 20263H · cancellationVGN : ORDINARY FULLY PAID784.2MAppendix 3H
2 July 20263G · unquotedVGN : ORDINARY FULLY PAID784.2MAppendix 3G
5 June 20263H · cancellationVGN : ORDINARY FULLY PAID784.2MAppendix 3H
16 Apr 20263H · cancellationVGN : ORDINARY FULLY PAID784.2MAppendix 3H
1 Apr 20262A · quoted issueVGN : ORDINARY FULLY PAID784.2MAppendix 2A
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7 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

1.3%
Options & rights overhang · of current shares
In-the-money supply · no stated strikes
9.9M
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 9.9M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
VGNABRightsCondition-triggered1.2MFiling Meeting
VGNACPerformance rightsCondition-triggered1.3MFiling Meeting
VGNADRightsCondition-triggered7.4MFiling 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.

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.
  • VGNAACondition-triggered2.2M securities → 02 July 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
26 June 2026David George EmersonBuy1.0M3Y notice
18 Nov 2025Warwick NegusBuy on-market30k$93k3Y notice
14 Oct 2025Peter Hastings WarneOther off-market3Y notice
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4 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.