Companies / WTL

WT FINANCIAL GROUP LIMITED

ASX:WTLFinancial Services
342.2M shares on issueASX (delayed) · snapshot 11 Sept 2026348.8M fully diluted+1.9% if every option and right converts$0.17price · delayed$56.5Mmarket cap · indicative

Today’s holders own 98.1% of what they think they own, once every option and right converts.

Low
Dilution risk

Proposed issue pending; 0% of shares in the money

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwayno data — not a quarterly (4C/5B) cash filer
Share-count growth (24m)0.0%no issuance filings since 2024
Raise cadence (24m)0 cash raises
Options & rights overhang1.9% of shares
In-the-money supply0.4% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

WT FINANCIAL GROUP LIMITED had 342M shares outstanding as of October 2024. The company has not lodged new share-issuance filings since January 2024, and no capital raises were conducted in the past 24 months. Options and rights on issue represent 7M potential new shares, or 1.9% of the current share count, with no options currently in the money; the nearest expiry is March 2029. The company has not lodged a current quarterly cash report, so no cash balance or funding runway figure is on record. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in April 2027.

AI-generated summary of this page's cited filings · updated 2 Sept 2026
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1.9%
Options & rights overhang
0.4%
In-the-money supply · most strikes not on record
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 342.2M per ASX (delayed) (snapshot 11 Sept 2026).
340M342M344MDec 24Oct 25Sept 26342.2M

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 20263G · unquotedORDINARY FULLY PAID342.2MAppendix 3G
2 Sept 20263G · unquotedORDINARY FULLY PAID342.2MAppendix 3G
16 Mar 20263H · cancellationWTL : ORDINARY FULLY PAID342.2MAppendix 3H
8 Dec 20253G · unquotedORDINARY FULLY PAID342.2MAppendix 3G
2 Oct 20253G · unquotedORDINARY FULLY PAID342.2MAppendix 3G
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9 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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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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2 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 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.

About 90% of the 15% placement capacity left — about 10% 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

1 proposed issue 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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1 pending issue on record — Pending issue detail
Size, price, fees, broker and placement-capacity usage for each pending issue.
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Options & convertible securities

1.9%
Options & rights overhang · of current shares
0.4%
In-the-money supply · most strikes not on record
6.6M
Potential new shares
Mar 2029
Nearest expiry
What this supply is, and what converts it
  • Price-triggered1.5M · 0.4% of shares
    Options and warrants — they convert when the share price clears their exercise price.
  • Condition-triggered5.1M · 1.5% of shares
    Performance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.

Exercise price on record: 1.5M priced (of which 1.5M in the money), 5.1M where the filing never states one. A security with no exercise price is never counted in the money — nothing is paid to convert it, so there is no price for it to be above.

Each figure is the filing’s own count of securities, not a share count — a 2A never states what one security converts into.

What a price move would switch on
3.3M6.6M$0.17 now0.25× today ($0.04) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.08) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.12) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.17) — 1.5M of the priced supply in the money, 0.4% of shares on issue1.25× today ($0.21) — 1.5M of the priced supply in the money, 0.4% of shares on issue1.5× today ($0.25) — 1.5M of the priced supply in the money, 0.4% of shares on issue2× today ($0.33) — 1.5M of the priced supply in the money, 0.4% of shares on issue3× today ($0.49) — 1.5M of the priced supply in the money, 0.4% of shares on issue5× today ($0.83) — 1.5M of the priced supply in the money, 0.4% of shares on issue10× today ($1.65) — 1.5M of the priced supply in the money, 0.4% of shares on issue0.25×0.5×0.75×now1.25×1.5×10×

At $0.17 today, 1.5M securities are in the money (0.4% of shares on issue) — a floor, because an exercise price is on record for only 22.7% of this supply. No price up to ten times today’s switches on any more priced supply.

  • 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.
  • 5.1M (77.3% 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
WTLADOptionsPrice-triggered$0.1417 Mar 20291.5MFiling
WTLACPerformance rightsCondition-triggered5.1MFiling 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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2 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 Apr 2026Keith Robert CullenBuy on-market200k3Y notice
5 Dec 2025Keith Robert CullenOther1.5M3Y notice
23 May 2025Keith Robert CullenBuy on-market10k3Y notice
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4 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.