E&P Global Issues 1.19 Billion New Shares, Enlarging Share Base by 9.09% at HKD 0.15 Each

Bulletin Express
Aug 27

E&P Global Holdings Limited disclosed a material change in its share capital following the completion of a subscription of new ordinary shares on 27 August 2026.

The company issued and allotted 1.19 billion new shares under a specific mandate tied to a Subscription Agreement dated 27 June 2026, as supplemented on 6 July 2026. The new shares were priced at HKD 0.15 apiece, implying gross proceeds of approximately HKD 178.51 million.

Prior to the transaction, E&P Global had 13.09 billion issued shares. The additional shares represent a 9.09% increase, lifting the total number of issued shares (excluding treasury shares) to 14.28 billion as of 27 August 2026. The company confirmed it held no treasury shares before or after the issuance.

Management affirmed that the issuance was duly authorized by the board and executed in compliance with the Hong Kong Stock Exchange’s Main Board Rules and other applicable regulations, with all subscription monies received and statutory filings completed.

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