DL Holdings Group (1709) has issued a notice convening an Extraordinary General Meeting (EGM) on Tuesday, December 23, 2025, at 11:00 a.m. in Hong Kong. Shareholders will be asked to consider and vote on resolutions related to the BTC Mining Machines Formal Agreement, which includes the creation and issuance of convertible bonds, warrants, and earn-out shares.
According to the announcement, the proposed convertible bonds carry an initial conversion price of HKD 3.17, allowing subscription for up to 53,769,804 conversion shares. The warrants carry an initial exercise price of HKD 3.80 for up to 40,000,000 warrant shares. Additionally, up to 13,442,451 earn-out shares may be issued upon fulfillment of certain conditions. The resolutions seek a specific mandate for these issuances, subject to the approval of the Stock Exchange’s Listing Committee.
The register of members will be closed from December 18 through December 23, 2025, for the purpose of determining shareholders’ eligibility to attend and vote at the EGM. All transfers, supported by the required documentation, must be lodged with the company’s branch share registrar on or before December 17, 2025. Proxy forms need to be completed and submitted at least 48 hours before the meeting, and completion of such forms does not preclude holders from attending the EGM in person.
Comments