Comba Telecom Systems Holdings Limited – Next Day Disclosure Return: Key Share Issuance Events
Comba Telecom Systems Holdings Limited Announces New Shares Issued under Share Option Scheme
Key Highlights from the Disclosure Return
- Issuer: Comba Telecom Systems Holdings Limited (Stock Code: 02342)
- Date of Disclosure: 14 January 2026
- Main Event: Issuance of new shares as a result of exercise of share options under the scheme adopted on 3 June 2013
Details of Share Issuance
The company has reported the following changes in its issued share capital, which may be of interest to investors:
| Date of Change |
Nature of Change |
No. of New Shares Issued |
Price per Share (HKD) |
Percentage of Pre-Event Issued Shares |
Participant |
| 13 January 2026 |
Exercise of share options (not a director) |
218,000 |
2.03 |
0.00696% |
Non-director participant |
| 14 January 2026 |
Exercise of share options (not a director) |
10,000 |
2.03 |
0.00032% |
Non-director participant |
| 14 January 2026 |
Exercise of share options (director) |
90,000 |
2.03 |
0.00287% |
Director participant |
The total number of new shares issued as a result of these option exercises amounts to 318,000 shares.
Post-Issuance Share Capital Structure
- Issued shares (as of 14 January 2026): 3,134,015,722 shares
- No treasury shares held: 0
- Previous issued shares (as of 12 January 2026): 3,133,697,722 shares
Implications for Shareholders
- Dilution Impact: The increase in issued share capital due to option exercises results in a marginal dilution of existing shareholders’ equity. The total increase (318,000 shares) represents approximately 0.01015% of the issued share capital prior to these transactions.
- Price Sensitivity: The shares were issued at HKD 2.03 per share, which may indicate the exercise price set earlier and may be lower or higher than the prevailing market price. If the exercise price is significantly below the current market price, it could be viewed as a positive for option holders and a potential source of minor dilution for shareholders.
- Corporate Governance: All new share issues are confirmed to have been duly authorised by the board, and are compliant with the relevant listing and regulatory requirements.
- Director Participation: A director has exercised options for 90,000 shares. While the number is small relative to total issued shares, director participation in share schemes can sometimes be perceived as a demonstration of confidence in the company’s prospects.
- Share Buybacks: No shares have been redeemed or repurchased for cancellation, and there have been no on-market sales of treasury shares during this reporting period.
Conclusion
The overall impact on share capital is minor given the small percentage increase in issued shares. While not a major event, the exercise of options (including by a director) at HKD 2.03 per share and the resulting dilution, though minimal, should be noted by shareholders. There are no other significant corporate actions such as share buybacks or large-scale director dealings disclosed in this return.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. Investors should make their own independent evaluations and consult their professional advisors before making any investment decisions regarding Comba Telecom Systems Holdings Limited.
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