Flowing Cloud Technology Ltd. has updated the schedule for its previously announced capital actions, covering (i) an increase in authorised share capital, (ii) a change in board lot size and (iii) a rights issue of four rights shares for every one existing share on a non-underwritten basis.
Key dates in the revised timetable:
1. Circular Dispatch • 9 Oct 2026 – Distribution of the circular, proxy forms and notice of the extraordinary general meeting (EGM).
2. Board Lot Size Change • 16 Oct 2026 – First day for free exchange of existing 1,000-share certificates for new 2,000-share certificates. • 2 Nov 2026 – Board lot size officially changes to 2,000 shares; designated broker begins odd-lot matching on the same day.
3. Shareholder Approval • 2 Nov 2026 – EGM at 11:00 a.m. to vote on the increase in authorised share capital and the rights issue; poll results to be released the same day.
4. Cum-Rights / Ex-Rights Trading • 5 Nov 2026 – Last day of cum-rights trading. • 6 Nov 2026 – Shares begin trading ex-rights.
5. Rights Issue Mechanics • 10–16 Nov 2026 – Register closed for entitlement determination. • 16 Nov 2026 – Record date for rights issue. • 17 Nov 2026 – Dispatch of prospectus and provisional allotment letters. • 19–26 Nov 2026 – Trading in nil-paid rights shares. • 1 Dec 2026, 4:00 p.m. – Final date for acceptance and payment; same deadline for lodging transfers of nil-paid rights to qualify for any net gain.
6. Unsubscribed Shares Placement • 9–17 Dec 2026 – Placing agent to place unsubscribed rights shares, with 17 Dec 2026 set as the long-stop date.
7. Completion and Listing of Rights Shares • 23 Dec 2026 – Announcement of allotment results. • 24 Dec 2026 – Dispatch of share certificates; refund cheques, if applicable, issued the same day. • 28 Dec 2026 – Commencement of dealings in fully paid rights shares. • 11 Jan 2027 – Payment of any net gain to relevant shareholders.
All dates refer to Hong Kong time and remain subject to change; any amendments will be announced in accordance with Listing Rules.