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

Bulletin Express
Jun 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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