WLS Holdings Limited has disclosed that its ongoing rights issue garnered valid applications for 109.23 million Rights Shares as of the 12 May 2026 acceptance deadline. The subscriptions represent 30.41% of the approximately 359.18 million shares on offer.

Following the partial uptake, 249.95 million Rights Shares remain unsubscribed, while a further 1.08 million shares linked to one excluded shareholder are unsold. The combined 251.03 million shares will be offered through compensatory arrangements under a best-effort placing mandate with the appointed placing agent. The placing window runs from 19 May to 22 May 2026.

The rights issue is proceeding on a non-underwritten basis. Any shares not taken up during the placing period will be cancelled, reducing the final size of the capital raise. The company plans to publish the definitive results of the rights issue, including any net proceeds from the placing, on 28 May 2026.

WLS Holdings cautions shareholders and investors that completion of both the rights issue and the placing remains subject to the satisfaction of predefined conditions. Trading in the company’s shares during this period carries execution risk should either transaction fail to become unconditional by 22 May 2026.