Harbour Digital (00913) Rights Issue Receives Valid Acceptances of About 25.6%

Stock News
Oct 08

Harbour Digital (00913) has issued an announcement stating that (i) as at the record date, there were no ineligible shareholders, and therefore no unsold rights shares held by ineligible shareholders; and (ii) as at 4:00 p.m. on Wednesday, 30 September 2026 (being the final acceptance deadline), a total of thirteen valid applications had been received in respect of an aggregate of 136 million rights shares, representing approximately 25.6% of the total number of rights shares offered under the rights issue. The remaining 396 million unaccepted rights shares, representing approximately 74.4% of the total number of rights shares offered under the rights issue, will be subject to the compensatory arrangement.

Pursuant to Rule 7.21(1)(b) of the Listing Rules, the Company has made arrangements to sell the 396 million unaccepted rights shares by way of an offer to independent placees, so as to protect the interests of shareholders to whom shares were offered under the rights issue. As disclosed in the prospectus, the Company and the placing agent entered into a placing agreement on 26 May 2026 (as supplemented by another agreement dated 7 August 2026) in relation to the placing of the unaccepted rights shares to independent placees on a best-efforts basis during the placing period, with any premium realized over the subscription price of such rights shares to be paid proportionately to such non-acting shareholders.

The placing agent will, on a best-efforts basis, procure purchasers to subscribe for all (or as many as possible) of such unaccepted rights shares during the period from Friday, 9 October 2026 to, in any event, no later than 4:00 p.m. on Thursday, 22 October 2026. The net proceeds (if any) will be paid proportionately, without interest, to the relevant qualifying shareholders who did not validly apply for all of their nil-paid rights (or to the persons holding such nil-paid rights at the time any such nil-paid rights lapse), by reference to the number of shares in respect of which they did not validly apply for their nil-paid rights.

If, in respect of any net proceeds, any non-acting shareholder is entitled to receive an amount of HK$100 or more on the above basis, such amount will be paid to the relevant non-acting shareholder in Hong Kong dollars only, while individual amounts of less than HK$100 will be retained by the Company. The Company will not issue any unplaced unaccepted rights shares under the compensatory arrangement, and the size of the rights issue will be reduced accordingly. The Company will make a separate announcement on Thursday, 29 October 2026 in accordance with the expected timetable for the rights issue and the placing as set out in the prospectus, regarding the results of the rights issue, including the results of the placing of the unaccepted rights shares and the amount of net proceeds per unaccepted rights share under the compensatory arrangement.

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