CYBERNAUT INTERNATIONAL HOLDINGS COMPANY LIMITED Proposes Issuance of Up to 816,289,601 New Shares
Hong Kong-listed CYBERNAUT INTERNATIONAL HOLDINGS COMPANY LIMITED is seeking shareholder approval at its upcoming Annual General Meeting to grant its directors a mandate to issue and repurchase shares. The proposal involves the issuance of up to 20% of the company's outstanding shares, equivalent to 816,289,601 new shares, subject to certain conditions. In addition, the company is seeking authority to repurchase shares up to 10% of its outstanding shares and to extend the repurchase mandate to include shares repurchased under the existing mandate.
Key Takeaways:
- The company will propose ordinary resolutions at the Annual General Meeting to grant its directors the Issue Mandate, the Repurchase Mandate, and the Extension Mandate.
- The Issue Mandate will allow the directors to issue up to 20% of the company's outstanding shares, equivalent to 816,289,601 new shares, subject to certain conditions.
- The Repurchase Mandate will enable the directors to repurchase up to 10% of the company's outstanding shares.
- The Extension Mandate will permit the addition of shares repurchased under the Repurchase Mandate to be counted towards the total number of shares that may be allotted and issued under the Issue Mandate.
- The resolutions are subject to the passing of the proposed resolutions at the Annual General Meeting and are in accordance with the Listing Rules.
Statistics:
- As of the Latest Practicable Date, a total of 4,081,448,005 Shares were in issue.
- The company will be allowed to issue a maximum of 816,289,601 Shares, representing 20% of the Shares in issue as at the Latest Practicable Date, subject to certain conditions.
- The Repurchase Mandate will enable the directors to repurchase up to 482,643,998 Shares, representing 10% of the aggregate number of issued Shares as at the date of passing of the relevant resolution.
Sources:
- https://www1.hkexnews.hk/listedco/listconews/sehk/2025/0710/2025071000239.pdf