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SU Group Holdings Limited Announces Reverse Stock Split, Share Capital Increase and Share Capital Alteration
Prnewswire· 2025-08-20 21:00
Core Viewpoint - SU Group Holdings Limited will implement a 1-for-10 reverse stock split, increase its authorized share capital, and alter its share capital structure, effective August 25, 2025, to comply with Nasdaq listing requirements [1][3]. Share Consolidation - The reverse stock split will consolidate every ten ordinary shares into one, changing the par value from HK$0.01 to HK$0.10 [2][4]. - The number of issued and outstanding ordinary shares will decrease from approximately 13,847,500 to about 1,384,750 [4]. - The new CUSIP number assigned due to the consolidation is G8552M117 [2]. Share Capital Increase - The authorized share capital will increase from HK$7,500,000 (75,000,000 shares) to HK$75,000,000 (750,000,000 shares) [6]. Share Capital Alteration - The share capital alteration will re-designate the authorized share capital into 749,098,320 Class A ordinary shares and 901,680 Class B ordinary shares [7]. - The voting power of Mr. Chan Ming Dave, the Company's chairman, will increase from approximately 65.84% to 98.96% due to the new share structure [8]. Additional Information - Outstanding stock options and other convertible securities will be adjusted based on the 1-for-10 ratio [9]. - The trading of Class A Ordinary Shares on Nasdaq is expected to continue without disruption [9]. - SU Group provides integrated security-related engineering services, including threat detection and traffic control systems, primarily in Hong Kong [10].
Fagron increases share capital through exercise subscription rights
Globenewswire· 2025-06-06 17:00
Group 1 - Fagron has issued 85,000 new shares as a result of the exercise of subscription rights on June 6, 2025 [1] - The total share capital of Fagron currently amounts to €504,303,905.59, with a total of 73,313,904 shares with voting rights [2] - There are 1,465,833 rights to subscribe to not yet issued shares with voting rights [2] Group 2 - Fagron is a leading global company in pharmaceutical compounding, providing personalized medicine to various healthcare facilities in 35 countries [3] - The company is registered in Nazareth and listed on Euronext Brussels and Euronext Amsterdam under the ticker symbol 'FAGR' [4] - Fagron's operational activities are managed by its Dutch subsidiary, Fagron BV, headquartered in Rotterdam [4]
Arco Vara Acquires Luther Quarter Properties
Globenewswire· 2025-05-12 06:00
Acquisition Overview - Arco Vara AS subsidiaries have acquired full ownership of the Luther Quarter, consisting of 15 properties in central Tallinn, with a gross building volume of 95,000 m², including 18,500 m² of commercial space and 33,000 m² of net residential area [1] - The acquisition price for the Luther Quarter is €35 million, with a total estimated investment for the project amounting to €205 million [2] Development Plans - Over the next eight years, Arco Vara plans to develop the former industrial area into a modern mixed-use urban quarter, including commercial space, residential properties, and public areas, with construction scheduled to begin in 2026 [3] - The presale of the first phase, which includes the development of four buildings, is also planned for 2026 [3] Financing Structure - The purchase price will be paid to the sellers in Arco Vara AS shares, cash, and through the modified assumption of loan obligations with AS LHV Pank [4] - An additional €17.5 million in investment is required for the development, leading to a directed share issue aimed at Alarmo Kapital OÜ and the previous owners of the Luther Quarter properties [5] Share Capital Increase - The directed share issue will involve issuing 6,980,000 new shares at an issue price of €2.50 per share, with €0.70 as nominal value and €1.80 as share premium [6] - The share price was agreed upon considering the financial interests of existing and new shareholders, the average market price before the deal, and the potential synergies created by the transaction [7] Loan Agreement - Arco Vara AS has entered into a loan agreement with majority shareholder Alarmo Kapital OÜ at an annual interest rate of 6%, providing a loan of €12 million [8] - Alarmo Kapital OÜ will also subscribe to 2,100,000 shares for a total of €5.25 million, resulting in Alarmo Kapital OÜ holding at least 8,780,000 shares post-transaction [8] Strategic Insights - The transaction is expected to double Arco Vara's asset volume while maintaining the equity-to-debt ratio, with a projected tripling of development potential due to existing building permits exceeding 70,000 square meters [9] - The management expresses confidence in Tallinn's growth and the capabilities of Arco Vara's team [9]