GCL Tech repurchases 727.39 million shares in June, shifts them to treasury while keeping public float intact

Bulletin Express07-03 16:42

GCL Technology Holdings Limited (GCL Tech) filed its Monthly Return for the period ended 30 June 2026, detailing sizeable buy-backs and an unchanged authorised capital structure. Key takeaways are set out below.

Share capital structure • Authorised share capital remained unchanged at 50.00 billion ordinary shares with a par value of HKD 0.10, equivalent to HKD 5.00 billion. • Total issued shares stayed flat at 33.22 billion. After June’s activity, 32.49 billion shares are in circulation and 727.39 million shares are held in treasury.

June share repurchases • The company executed nine on-market repurchases between 9 and 30 June 2026, buying back 727.39 million shares at prices ranging from HKD 0.67 to HKD 0.75 per share. • Based on disclosed volumes and prices, the aggregate consideration amounted to approximately HKD 510.39 million, implying a weighted-average repurchase price of about HKD 0.70 per share. • All repurchased shares were retained as treasury stock; no cancellations were reported.

Convertibles position • Outstanding USD-denominated convertible bonds totalled USD 148.00 million. At the conversion price of HKD 1.21, the instruments are exercisable into 958.56 million new shares, representing roughly 2.88 % of the enlarged share base if fully converted.

Public float • Despite the large-scale buy-backs, GCL Tech confirmed compliance with the Main Board’s minimum public-float threshold of 25 % of issued shares (excluding treasury stock) as at 30 June 2026.

No movements were reported under share option schemes, warrants or other equity-linked instruments during the month.

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