Anchorstone Holdings Limited (1592) has announced a further delay in distributing its circular amid preparations related to a proposed rights issue and set-off arrangement. According to the announcement, the company originally planned to send out the circular by 2 March 2026 but now expects to do so on or before 16 March 2026.

In light of this delay, the timetable for the proposed rights issue has been revised. Key dates include an expected extraordinary general meeting on 8 April 2026, followed by the last day of dealing in the shares on a cum-rights basis on 9 April 2026. The first day of dealing in the shares on an ex-rights basis is scheduled for 10 April 2026. The latest time for acceptance and payment for the rights shares is set for 6 May 2026, with the announcement of results of the rights issue expected on 2 June 2026.

The announcement reiterates that the rights issue is non-underwritten. If conditions of the rights issue are not met, the issue will not proceed. Shareholders and investors are reminded of the potential risks involved in trading any shares or nil-paid rights before all conditions are satisfied.