Companies / VRS

VERIS LIMITED

ASX:VRSCommercial & Professional Services
553.6M shares on issueASX (delayed) · snapshot 11 Sept 2026596.0M fully diluted+7.7% if every option and right converts$0.043price · delayed$23.8Mmarket cap · indicative

Today’s holders own 92.9% of what they think they own, once every option and right converts.

Low
Dilution risk

Share count grew 6% in 24 months; options/rights overhang 8% of shares

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwayno data — not a quarterly (4C/5B) cash filer
Share-count growth (24m)5.8%measured to the latest Appendix 2A, not to the share count above
Raise cadence (24m)0 cash raises
Options & rights overhang7.7% of shares
In-the-money supplyno data — no exercise price on record
Pending proposed issuesnone

VERIS LIMITED's ordinary share count was 554M as of August 2026, with growth over the 24-month window not stated. The company has not raised capital in the past 24 months and has no pending proposed securities issues. Options and rights on issue could convert into 42M new shares, equal to 7.7% of the current share count, with 0% currently in the money; no expiry date for these securities is on record. The company does not have a current quarterly cash report on record, so no cash balance or funding-runway figure is disclosed on that basis.

AI-generated summary of this page's cited filings · updated 4 Sept 2026
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7.7%
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 553.6M per ASX (delayed) (snapshot 11 Sept 2026).
510M520M530M540M550MDec 24Oct 25Sept 26553.6M

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
2 Sept 20262A · quoted issueVRS : ORDINARY FULLY PAID542.4MAppendix 2A
2 Sept 20262A · quoted issueVRS : ORDINARY FULLY PAID550.9MAppendix 2A
2 Sept 20263H · cancellationVRS : ORDINARY FULLY PAID539.8MAppendix 3H
30 June 20263H · cancellationVRS : ORDINARY FULLY PAID539.8MAppendix 3H
26 Mar 20263H · cancellationVRS : ORDINARY FULLY PAID540.9MAppendix 3H

Each filing states the count for the security it names, as at its own reference date and in the units of that filing — so the newest row (542.4M) need not equal the current count above (553.6M).

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25 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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2 raises 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.

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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.

About 72% of the 15% placement capacity left — about 28% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). Holder-approved issues and any later ratification are not deducted, so the true headroom can 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

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

7.7%
Options & rights overhang · of current shares
In-the-money supply · no stated strikes
42.5M
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 42.5M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
VRSAFPerformance rightsCondition-triggered6.6MFiling Meeting
VRSAEPerformance rightsCondition-triggered11.6MFiling Meeting
VRSADPerformance sharesCondition-triggered24.2MFiling 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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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
2 Sept 2026Michael ShirleyOther19.4M10.4M3Y notice
13 Mar 2026Brian EltonBuy on-market16k$9823Y notice
4 Mar 2026David MurrayBuy on-market500k3Y notice
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8 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.