PCPD Keeps Share Base Unchanged in May; Public Float Remains Compliant

Bulletin Express
Jun 02

Pacific Century Premium Developments Limited (PCPD) reported no movements in its share capital during May 2026, underscoring a steady equity structure.

Authorised Capital • Authorised share capital stood static at 4.00 billion ordinary shares with a par value of HKD 0.50, amounting to HKD 2.00 billion.

Issued Shares and Treasury Position • Issued shares (excluding treasury shares) remained at 2.04 billion. • The company held zero treasury shares, leaving the total issued share count unchanged at 2.04 billion.

Public Float • Directors confirmed compliance with the Main Board’s 25 % minimum public-float requirement as of 31 May 2026.

Equity Instruments and Potential Dilution • Share Option Scheme (2025): no options were outstanding or exercised during the month. The scheme still allows for issuance of up to 203.82 million shares, representing roughly 10 % of current issued capital. • Bonus Convertible Notes: an outstanding balance of HKD 20.02 million can be converted into 40,042 shares at HKD 0.50 per share—equivalent to a potential dilution of about 0.002 % of existing shares. No conversions occurred in May.

Capital Raising Activity • The company raised no funds from option exercises and conducted no share repurchases, cancellations, or treasury share transactions during the month.

Overall, PCPD entered June 2026 with an unchanged share count, solid public-float compliance, and minimal dilution risk from remaining convertibles.

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