Greentown Service Group Adjusts Share Capital Through Option Exercise and On-Market Buyback

Bulletin Express07-13 19:44

Greentown Service Group Co. Ltd. disclosed simultaneous share issuance and buyback activities on 13 July 2026, leading to a marginal net reduction in its outstanding share capital.

• Share option exercise: Employees exercised options under the June 2023 scheme, triggering the allotment of 118,800 new ordinary shares at HKD 3.494 each. The issuance represented 0.0038% of the company’s 3.12 billion shares outstanding prior to the transaction.

• Share repurchase: On the same trading day, the company bought back 476,000 shares on the Hong Kong Stock Exchange at prices between HKD 3.94 and HKD 4.00, for a total consideration of HKD 1.89 million. The average repurchase price was HKD 3.9674 per share, and all repurchased shares were held as treasury stock.

• Updated share count: After accounting for the new issue and the buyback, issued shares (excluding treasury stock) decreased slightly to 3.12 billion, while treasury shares rose to 30.65 million. Total issued shares now stand at 3.15 billion.

• Repurchase mandate utilisation: Since shareholders renewed the buyback mandate on 18 June 2026—authorising repurchases of up to 313.14 million shares—the company has acquired 8.12 million shares, equivalent to 0.26% of the shares outstanding on the mandate date. Following the latest repurchase, Greentown Service is subject to a 30-day moratorium, ending 12 August 2026, on issuing new shares or selling treasury stock without prior Exchange approval.

The board confirmed that both the option-related issuance and the on-market repurchase complied with all Hong Kong Listing Rules and regulatory requirements.

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