WAM MICROCAP LIMITED
ASX:WMIFund / trustNo major dilution pressure signals in current disclosures
WAM MICROCAP LIMITED's ordinary share count increased 1.6% between May 2024 and May 2026, its latest share-count filing, to 281M shares. The company has not raised capital through any cash placement, rights issue or share purchase plan in the past 24 months, and no proposed securities issues are currently pending. As a Listed Investment Company, 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.
Quick answers · 2
How much placement capacity does WMI 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 WMI's share count grown?
Wam Microcap has 281.3M shares on issue as at 28 Oct 2026, up 1.6% 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 May 2026 | 2A · quoted issue | WMI : ORDINARY FULLY PAID | 281.3M | Appendix 2A |
| 29 Oct 2025 | 2A · quoted issue | WMI : ORDINARY FULLY PAID | 280.2M | Appendix 2A |
| 30 Apr 2025 | 2A · quoted issue | WMI : ORDINARY FULLY PAID | 279.2M | Appendix 2A |
| 29 Oct 2024 | 2A · quoted issue | WMI : ORDINARY FULLY PAID | 278.0M | Appendix 2A |
| 30 May 2024 | 2A · quoted issue | WMI : ORDINARY FULLY PAID | 276.9M | 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 May 2026 | Kate Thorley | Other DRP | 598 | — | — | $869 | 3Y notice |
| 29 Oct 2025 | Kate Thorley | Other DRP | 500 | — | — | $836 | 3Y notice |
| 30 Apr 2025 | Kate Thorley | Other DRP | 566 | — | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.