BLOKS completes HK$11.37 million on-market share repurchase; treasury stock tops 1.10 million shares

Bulletin Express05-19

BLOKS GROUP LIMITED (BLOKS) filed a Next Day Disclosure Return on 19 May 2026 detailing the latest movement in its share capital.

On 19 May 2026, the company repurchased 200,100 ordinary shares on the Hong Kong Stock Exchange at prices ranging from HK$55.60 to HK$57.50 per share, for a total consideration of HK$11.37 million. The transaction accounts for 0.081 % of the issued share capital (excluding treasury shares) prior to the buyback.

Following the purchase, the number of treasury shares rose from 904,200 to 1,104,300, while issued shares outstanding (excluding treasury shares) fell to 248.15 million. The total issued share count, including treasury shares, remains unchanged at 249.25 million.

The repurchase forms part of the mandate approved on 06 June 2025, which permits the company to buy back up to 24.93 million shares. Cumulative repurchases under this mandate now stand at 1.10 million shares, representing 0.443 % of the company’s issued shares as at the mandate date.

All shares acquired in the latest transaction are being held as treasury shares; no shares have been cancelled. In line with Hong Kong listing rules, the company is subject to a moratorium on issuing new shares or disposing of treasury shares until 18 June 2026.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment