Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

eprint Group Limited Capital/Financing Update 2015

Jul 30, 2015

50240_rns_2015-07-30_c38a7eca-ad77-460a-8d37-d380fa0bddbd.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for any Shares in the Company.

==> picture [163 x 74] intentionally omitted <==

eprint GROUP LIMITED eprint 集團有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock code: 1884)

SUPPLEMENTAL ANNOUNCEMENT IN RELATION TO PLACING OF EXISTING SHARES AND

TOP-UP SUBSCRIPTION OF NEW SHARES UNDER GENERAL MANDATE AND RESUMPTION OF TRADING

Placing Agent

==> picture [225 x 36] intentionally omitted <==

Reference is made to the announcement of eprint Group Limited (the “Company”) dated 29 July 2015 in relation to the placing of existing shares and subscription of new shares under general mandate (the “Announcement”). Unless otherwise defined, capitalized terms used in this announcement shall bear the same meanings as those defined in the Announcement.

The Board announces that on 30 July 2015, (i) the Subscriber and the Placing Agent entered into a supplemental agreement to the Placing Agreement, pursuant to which the Placing Price per Placing Share has been changed to HK$1.122 (“New Placing Price”); and (ii) the Subscriber and the Company entered into a supplemental agreement to the Subscription Agreement, pursuant to which the Subscription Price per Subscription Share has been changed to HK$1.122 (“New Subscription Price”).

  • 1 -

The New Placing Price and the New Subscription Price

The New Placing Price and the New Subscription Price of HK$1.122 represents:

  • (i) a discount of approximately 19.86% to the closing price of HK$1.40 per Share as quoted on the Stock Exchange on the date of the Placing Agreement and the Subscription Agreement; and

  • (ii) a discount of approximately 16.27% to the average closing price of approximately HK$1.34 per Share in the last 5 trading days prior to the date of the Placing Agreement and the Subscription Agreement.

USE OF PROCEEDS

In effect of the New Placing Price and the New Subscription Price, the gross proceeds from the Subscription will be up to a maximum of HK$56.10 million. The maximum net proceeds from the Subscription will amount to approximately HK$52.50 million, which is intended to be used for general working capital and business development of the Group. The net price raised per Share upon the completion of the Placing will be approximately HK$1.05 per Share.

Save as disclosed above, the Board confirms that all other information in the Announcement remains unchanged.

Completion of the Subscription will take place on the Subscription Completion Date, which shall be on or before 12 August 2015. Under Rule 14A.92(4) of the Listing Rules, if the Subscription is to be completed after 12 August 2015 (being 14 days after the date of the Subscription Agreement), it will constitute a connected transaction under the Listing Rules. As the Subscription is expected to be completed on or before 12 August 2015, it is exempt from all of the connected transaction requirements under Chapter 14A of the Listing Rules.

RESUMPTION OF TRADING

At the request of the Company, trading in the Shares has been halted with effect from 9:00 a.m. on 30 July 2015 pending the release of this announcement. Application has been made to the Stock Exchange for the resumption of trading in the Shares with effect from 9:00 a.m. on 31 July 2015.

By Order of the Board eprint Group Limited Fung Hong Keung Executive Director and Company Secretary

Hong Kong, 30 July 2015

  • 2 -

As at the date of this announcement, the executive Directors are Mr. She Siu Kee William and Mr. Fung Hong Keung; the non-executive Directors are Mr. Lam Shing Kai, Mr. Leung Wai Ming, Mr. Chong Cheuk Ki and Mr. Deng Xiaen; and the independent non-executive Directors are Dr. Lung Cheuk Wah, Mr. Chan Chi Yu, Mr. Chi Man Shing Stephen and Ms. Luk Mei Yan.

  • 3 -