Companies / VNL

VINYL GROUP LTD

ASX:VNLSoftware & Services
1.48B shares on issueASX (delayed) · snapshot 28 Oct 20261.59B fully diluted+7.4% if every option and right converts$0.028price · delayed$41.5MMarket capAt the previous close. On a day the price moves, shares × today’s price will differ. Prices delayed.

Today’s holders own 93.1% of what they think they own, once every option and right converts.

Very high
Dilution risk

Runway under 2 quarters; share count grew 47% in 24 months; 6 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwaycash used up at the reported spend rate
Share-count growth (24m)46.8%
Raise cadence (24m)6 cash raises
Options & rights overhang7.4% of shares
In-the-money supply2.2% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

VINYL GROUP LTD's ordinary share count grew 46.8% between July 2024 and June 2026, its latest share-count filing, to 1.48B shares. The company raised capital six times in the past 24 months for total disclosed proceeds of A$13.9M, most recently a A$2.4M placement in June 2026. Options and rights on issue could convert into 110M new shares, equal to 7.4% of the current share count, of which 2% are in the money; the nearest expiry is January 2027. No funding-runway figure applies because at the reported spend rate the reported cash would have been used up and no later cash report is on record. Two proposed securities issues (Appendix 3B) are pending, with the nearest expected in December 2026.

AI-generated summary of this page's cited filings · updated 17 Oct 2026
Quick answers · 5

Is VNL raising capital?

Vinyl Group has 2 proposed issues of securities pending under Appendix 3B as at 28 Oct 2026; the most recent raise announced is Placement of $2.4M on 10 June 2026.

How much placement capacity does VNL have left?

About 79% of the 15% placement capacity left, about 21% 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.

How much cash does VNL have?

In its quarterly cash report for the quarter ended 30 June 2026, Vinyl Group reported $1.7M of cash and estimated 0.4 quarters of funding available at its current rate of spending. That is the company's own estimate.

When do VNL's options expire?

Unexercised options and rights equal 7.4% of Vinyl Group's shares on issue; the nearest expiry is Jan 2027.

How much has VNL's share count grown?

Vinyl Group has 1.48B shares on issue as at 28 Oct 2026, up 46.8% over 24 months according to its Appendix 2A filings.

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7.4%
Options & rights overhang
2.2%
In the moneyAn option whose exercise price is below the last closing share price, so converting it pays. These are the options most likely to become new shares soon. supply
2
Raises · last 12 months
Used up
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 1.48B per ASX (delayed) (snapshot 28 Oct 2026).
1.2B1.3B1.4B1.5BDec 24Nov 25Oct 26Cash raise · 10 June 2026Cash raise · 10 June 2026Cash raise · 6 May 2025Cash raise · 28 Feb 2025Cash raise · 12 Feb 2025Cash raise · 17 Dec 20241.48B

Cash runway

Used up OURS
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
At the reported spend rate the cash would have run out around June 2026, and no later report is on record.
FILED 0.4 qtrs · $1.7M cash · quarter ended 30 June 2026
OURS our estimate, carried to todayOURSOur estimate for today. We take the cash in the company’s latest cash report, deduct spending since at its reported rate, and, for quarterly filers, add raises announced after it. It moves daily; announced money may not all be received yet.FILED as the company reportedFILEDAs the company stated it in its latest cash report. Dated to the end of that period, it does not change until the next report.
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11 cash reports on record — Cash runway history
Cash, net spend and cover trend from every Appendix 4C/5B and 4D/4E on record up to 30 June 2026.
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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)

DateFormSecurityOn issue, per this filingSource
14 Oct 20263H · cancellationVNL : ORDINARY FULLY PAID1.48BAppendix 3H
14 July 20263H · cancellationVNL : ORDINARY FULLY PAID1.48BAppendix 3H
17 June 20262A · quoted issueVNL : ORDINARY FULLY PAID1.48BAppendix 2A
15 June 20262A · quoted issueVNL : ORDINARY FULLY PAID1.48BAppendix 2A
15 June 20262A · quoted issueVNL : ORDINARY FULLY PAID1.44BAppendix 2A
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79 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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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.

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Securities on issue, by class
How the share count and each option and rights class moved, month by month, with every number in a table.
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Capital raises

6 cash raises in the last 24 months · 2 in the last 12 months

every 4.4 monthsaverage gap between raises
4.6 monthssince the most recent
17 Dec 2024 – 10 June 2026first to most recent in this window
$2.4M
Placement
At 5.4c, 10% below the last close
10 June 2026 COMPLETE
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16 issues (incl. 3 exercises or conversions) 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.

2.0M of option supply could convert within 12 months — 0.1% of shares on issue
2.0M in the money, expiring in the window
2 proposed issues (Appendix 3B) also pending — not counted above; the securities each would add are in the calendar below.
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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10 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 / 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.

About 79% of the 15% placement capacity left — about 21% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-10-28). Holders passed a ratification we could not match to exactly one filing, or whose number of shares the result does not state, and shares issued with holder approval are not added to the base, so the true headroom may be higher.
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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

2 proposed issues pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.
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2 pending issues on record — Pending issue detail
Size, price, fees, broker and placement-capacity usage for each pending issue.
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Options & convertible securities

7.4%
Options & rights overhang · of current shares
2.2%
In-the-money supply · at current price
110.0M
Potential new shares
Jan 2027
Nearest expiry
What a price move would switch on
55.0M110.0M$0.028 now0.25× today ($0.007) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.014) — 32.0M of the priced supply in the money, 2.2% of shares on issue0.75× today ($0.021) — 32.0M of the priced supply in the money, 2.2% of shares on issue1× today ($0.028) — 32.0M of the priced supply in the money, 2.2% of shares on issue1.25× today ($0.035) — 32.0M of the priced supply in the money, 2.2% of shares on issue1.5× today ($0.042) — 32.0M of the priced supply in the money, 2.2% of shares on issue2× today ($0.056) — 36.0M of the priced supply in the money, 2.4% of shares on issue3× today ($0.084) — 43.0M of the priced supply in the money, 2.9% of shares on issue5× today ($0.140) — 56.7M of the priced supply in the money, 3.8% of shares on issue10× today ($0.280) — 61.7M of the priced supply in the money, 4.2% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.028 today, 32.0M securities are in the money (2.2% of shares on issue). At double today’s price it is 36.0M (2.4% 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.
  • 40.1M (36.5% of the supply above) states a nil exercise price — nothing is paid to convert it, so no share price switches it on or off. It is the flat band, and it is not part of the in-the-money figure.
  • 8.1M (7.4% 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
VNLAUOptionsPrice-triggered$0.09810 Jan 20272.0MFiling
VNLAVOptionsPrice-triggered$0.01010 Feb 20272.0MFiling
VNLAOOptionsPrice-triggered$0.0483 Nov 20281.0MFiling
VNLACOptionsPrice-triggered$0.08229 Nov 20297.0MFiling
VNLASOptionsPrice-triggered$0.206 Dec 20315.0MFiling
VNLAXOptionsPrice-triggered$0.1313 May 203211.7MFiling
VNLAAOptionsPrice-triggered$0.01028 Nov 203230.0MFiling
VNLANOptionsPrice-triggered$0.05031 May 20333.0MFiling
VNLAFWarrantsPrice-triggered, no exercise price stated——8.1MFiling
VNLATOptionsPrice-triggeredNil—40.1MFiling

“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.

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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
16 June 2026Robert Kenneth GauntOther1.3M1.3M——3Y notice
19 Dec 2025Joshua SimonsOther24.5M30.0M——3Y notice
30 June 2025Ben KatovskySell————3Y notice
30 June 2025Linda JenkinsonSell————3Y notice
30 June 2025Robert Kenneth GauntSell————3Y notice
30 June 2025Stephen GleddenSell————3Y notice
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17 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

15 Oct 2026Proposed issue of securities - VNL
15 Oct 2026Proposed issue of securities - VNL
14 Oct 2026Notification of cessation of securities - VNL
13 Oct 2026Letter to Shareholders re AGM
13 Oct 2026Notice of Annual General Meeting/Proxy Form
17 Sept 2026Notification of date of Annual General Meeting
17 Sept 2026Appendix 4G and Corporate Governance Statement
17 Sept 2026FY26 Annual Report
31 Aug 2026$PPreliminary Final Report
22 July 2026$PStrategy Update Investor Presentation
22 July 2026$PQuarterly Activities/Appendix 4C Cash Flow Report
14 July 2026Notification of cessation of securities - VNL
25 June 2026Vinyl Group completes acquisition of Time Out Australia
17 June 2026Change of Director's Interest Notice
17 June 2026Cleansing Statement
17 June 2026Application for quotation of securities - VNL
15 June 2026Vinyl Group completes acquisition of Pedestrian Group
15 June 2026Cleansing Statement
15 June 2026Application for quotation of securities - VNL
15 June 2026Application for quotation of securities - VNL

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.