Madison Hldg lifts issued share base 150% after completing 93.47 million-share rights issue

Bulletin Express
Aug 03

Madison Holdings Group Limited filed its July 2026 monthly return, confirming the completion of a sizeable rights issue that reshaped its capital structure and triggered adjustments to outstanding share options. Key details are set out below.

Rights issue drives share count expansion • On 10 July 2026, Madison Hldg allotted and issued 93.47 million new ordinary shares at HKD 0.486 each under a three-for-two rights offer. • Issued shares (excluding treasury shares) rose to 155.78 million from 62.31 million, a 149.9 percent increase. • The authorised share capital remained unchanged at HKD 20.00 million (200.00 million shares of HKD 0.1 par value).

Public float intact The company confirmed compliance with the minimum 25 percent public float requirement under GEM Rule 17.37D(1) as at 31 July 2026.

Share-option adjustments Completion of the rights issue triggered proportional adjustments to outstanding options under the 2015 Share Option Scheme: • Tranche granted 3 April 2018: options outstanding increased to 1.47 million from 1.04 million. • Tranche granted 13 December 2018: options outstanding increased to 0.68 million from 0.48 million. • Tranche granted 6 December 2019: options outstanding increased to 0.92 million from 0.65 million. Collectively, total outstanding options rose to 3.08 million from 2.17 million. No new shares were issued from option exercises during the month.

Treasury shares and other instruments • The company held no treasury shares at month-end. • No warrants, convertibles or additional share-issuance arrangements were reported.

Regulatory compliance The board confirmed that all securities issued in July complied with Hong Kong Stock Exchange listing rules, legal requirements and public float obligations.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10