IMPERIUM TEC GP (00776) has announced the successful placement of all 154 million unsubscribed shares under its rights issue.
As of 4:00 p.m. on Wednesday, August 12, 2026, the deadline for accepting rights shares and making payment, the company had received a total of 13 valid applications covering 69.6539 million rights shares, representing approximately 31.10% of the total number of rights shares available for subscription under the offering.
Following the outcome of these valid acceptances and applications, the total number of unsubscribed rights shares, subject to the compensation arrangements, amounted to 154 million rights shares. In accordance with Rule 7.21(1)(b) of the Listing Rules, the company has entered into a compensation arrangement by executing a placing agreement with a placing agent. Under this arrangement, the company has conditionally appointed the placing agent, and the placing agent has conditionally agreed to act as the company's placing agent to procure subscribers for the unsubscribed rights shares on a best-efforts basis pursuant to the terms of the placing agreement.
As of 4:00 p.m. on Wednesday, August 26, 2026, the deadline for placing the unsubscribed rights shares, the 154 million rights shares under the placement were successfully placed to no fewer than six placees at a price of HK$0.19 per share, which equals the subscription price. Consequently, under the compensation arrangements, there are no net proceeds available for distribution to shareholders who took no action.