Pacific Legend lifts issued share count by 50% after 295.57 million-share rights issue; public float meets HKEX rule

Bulletin Express
06/01

Pacific Legend Group Limited filed its Monthly Return for Equity Issuer with Hong Kong Exchanges and Clearing (HKEX) for the month ended 31 May 2026, detailing a substantial enlargement of its share capital following the completion of a rights issue early in the month.

Key developments:

1. Rights issue drives share base expansion • On 5 May 2026, Pacific Legend issued 295.57 million new ordinary shares at HKD 0.10 each (par value), following shareholder approval on 10 March 2026. • The company’s issued share capital (excluding treasury shares) rose by 50.00%, from 591.16 million to 886.73 million shares. At the HKD 0.10 par value, the nominal issued share capital increased from HKD 59.12 million to HKD 88.67 million. • Treasury shares remained unchanged at zero.

2. Authorised share capital unchanged • Authorised share capital stayed at 1 billion ordinary shares, equivalent to HKD 100.00 million, indicating significant remaining headroom for future issuance.

3. Public float in compliance • Following the enlarged share base, Pacific Legend confirmed that it continued to satisfy HKEX’s minimum 25% public float requirement as of 31 May 2026.

4. Share-based incentives adjusted, no option exercises • Outstanding options under the 19 June 2018 share option scheme were adjusted downward by 0.53 million to 8.37 million units to reflect the rights issue impact. • No share options were exercised during May; consequently, no funds were raised via option conversion.

5. No other equity-linked instruments utilised • The filing recorded no movements involving warrants, convertible securities, or other share-issuance arrangements during the period.

The monthly disclosure was signed by Executive Director Ms. Wong Wing Man and affirms compliance with all applicable listing and regulatory requirements.

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