E&P Global Holdings Limited Announces Further Extension of New Share Placing Period at Notable Premium

Key Developments in Share Placing – What Investors Need to Know

E&P Global Holdings Limited (Stock code: 1142) has issued an important update regarding its ongoing placement of new shares under the general mandate. This development could have significant implications for both current shareholders and potential investors, given the terms and pricing involved.

Key Highlights of the Announcement

• Extension of Placing Period:
  The company has, for the fourth time, extended the period for placing new shares under its existing general mandate. The placing period, originally set to expire on 20 February 2026, will now run until on or before 13 March 2026, as agreed in writing between E&P Global Holdings and the Placing Agent. This extension comes as the Placing Agent requires additional time to procure investors for the placement shares.
• Unchanged Terms:
  Apart from the new closing date, all other terms and conditions of the original and prior supplemental agreements remain unchanged and in full effect.
• Placing Price at a Substantial Premium:
  The placing price has been set at HK\$0.34 per placing share. This represents a remarkable premium of:
  • Approximately 163.57% over the closing price of HK\$0.129 per share as quoted on the Stock Exchange on the date of the 4th Supplemental Agreement.
  • Approximately 162.35% over the average closing price of HK\$0.130 per share for the last five trading days prior to the 4th Supplemental Agreement.

Important Considerations for Shareholders

• Potential Price-Sensitive Impact:
  The placement of new shares at a significant premium to current market prices is highly unusual and could be interpreted as a strong signal of confidence in the company’s prospects or a strategic move to attract high-value investors. This could be a price-moving event, as it may encourage positive sentiment among existing and potential shareholders.
• Uncertainty Remains:
  It is important to note that the completion of the placement is subject to the satisfaction of all conditions precedent and the Placing Agent’s right to terminate. Thus, there is no guarantee that the placing will proceed as planned. Shareholders are therefore strongly advised to exercise caution when dealing in the company’s securities.
• Leadership and Board Composition:
  As of the date of the announcement, the company’s board is comprised of Mr. Im Jonghak, Mr. Liu Wai Shing Peter, and Ms. Sun Meng as executive directors, with Ms. Chen Dai, Mr. Kim Sung Rae, and Mr. Wong Wei Hua Derek serving as independent non-executive directors.

Summary for Investors

The further extension of the placing period for new shares of E&P Global Holdings Limited, at a price significantly above prevailing market levels, is a noteworthy event. The outcome of this placement could have a material impact on the company’s capital structure and market valuation. Investors should monitor developments closely, especially regarding the satisfaction of conditions precedent and market response to the premium pricing.

Disclaimer: The information above is based on the latest company announcement and is provided for informational purposes only. Completion of the share placement is subject to various conditions and may not proceed. Investors are advised to exercise caution and seek professional advice before making any investment decisions. The article does not constitute an offer or solicitation to purchase or subscribe for any securities.

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