WAM ALTERNATIVE ASSETS LIMITED
ASX:WMAFund / trustNo major dilution pressure signals in current disclosures
WAM ALTERNATIVE ASSETS LIMITED's ordinary share count grew 0.8% between May 2024 and April 2026, its latest share-count filing, to 197M shares. The company did not raise capital through any cash placement, rights issue or share purchase plan in the 24-month window ending with its most recent quarter, and no proposed securities issues are currently pending. Because the company is a bank, lender, insurer, property or investment vehicle whose operating cash flow is not a spend rate, no funding-runway figure applies and no quarterly cash balance is reported that would indicate a spend rate. Share-count movement over the period reflects only minor issuance relative to shares outstanding.
Quick answers · 2
How much placement capacity does WMA 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 much has WMA's share count grown?
Wam Alternative Assets has 197.4M shares on issue as at 28 Oct 2026, up 0.8% over 24 months according to its Appendix 2A filings.
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 |
|---|---|---|---|---|
| 29 Apr 2026 | 2A · quoted issue | WMA : ORDINARY FULLY PAID | 197.4M | Appendix 2A |
| 31 Oct 2025 | 2A · quoted issue | WMA : ORDINARY FULLY PAID | 197.0M | Appendix 2A |
| 28 May 2025 | 2A · quoted issue | WMA : ORDINARY FULLY PAID | 196.6M | Appendix 2A |
| 29 Oct 2024 | 2A · quoted issue | WMA : ORDINARY FULLY PAID | 196.2M | Appendix 2A |
| 28 May 2024 | 2A · quoted issue | WMA : ORDINARY FULLY PAID | 195.9M | Appendix 2A |
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
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 29 Apr 2026 | KYM EVANS | Other DRP | 2k | — | — | $2k | 3Y notice |
| 29 Apr 2026 | MICHAEL COTTIER | Other DRP | 841 | — | — | $816 | 3Y notice |
| 7 Apr 2026 | GEOFFREY WILSON | Buy on-market | 47k | — | — | $47k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.