VIRGIN AUSTRALIA HOLDINGS LIMITED.
ASX:VGNTransportationToday’s holders own 98.0% of what they think they own, once every option and right converts.
No issuance filings since 2024; no dilution pressure signals in current disclosures
VIRGIN AUSTRALIA HOLDINGS LIMITED had 784M shares on issue as of April 2026. No new share-issuance filings have been lodged since January 2024, so the share-count change over the available period is not stated. The company has not raised capital through any placement, rights issue or share purchase plan in the 24-month window. Options and rights could convert into 16M new shares, representing 2.0% of the current share count, all out of the money; the nearest expiry date is not recorded in filings. The latest cash report is a half-year or annual report, not a quarterly, and 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 VGN have left?
None of the 15% placement capacity counted as used in the last 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.
How many options and rights does VGN have outstanding?
Unexercised options and rights equal 2% of Virgin Australia Holdings's shares on issue.
Shares on issue — last 2 years
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 |
|---|---|---|---|---|
| 23 Oct 2026 | 3G · unquoted | VGN : ORDINARY FULLY PAID | 784.2M | Appendix 3G |
| 14 Oct 2026 | 3H · cancellation | VGN : ORDINARY FULLY PAID | 784.2M | Appendix 3H |
| 13 Oct 2026 | 3G · unquoted | ORDINARY FULLY PAID | 784.2M | Appendix 3G |
| 14 July 2026 | 3H · cancellation | VGN : ORDINARY FULLY PAID | 784.2M | Appendix 3H |
| 2 July 2026 | 3G · unquoted | VGN : ORDINARY FULLY PAID | 784.2M | Appendix 3G |
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
No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 15.9M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| VGNAB | Rights | Condition-triggered | — | — | 1.2M | Filing Meeting |
| VGNAC | Performance rights | Condition-triggered | — | — | 1.3M | Filing Meeting |
| — | Rights | Condition-triggered | — | — | 6.1M | Filing Meeting |
| VGNAD | Rights | Condition-triggered | — | — | 7.3M | Filing 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. For what expires soon across other listed companies, see the options expiry calendar.
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.
- VGNAACondition-triggered2.2M securities → 02 July 2026 Appendix 2A
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 16 Oct 2026 | David George Emerson | Other incentive | 689k | — | — | $2.0M | 3Y notice |
| 26 June 2026 | David George Emerson | Buy | 1.0M | — | — | — | 3Y notice |
| 18 Nov 2025 | Warwick Negus | Buy on-market | 30k | — | — | $93k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.