TIME INTERCON (01729) Completes Issuance of 21.73 Million Consideration Shares

Stock News12-03

TIME INTERCON (01729) announced that all conditions precedent under the share purchase agreement have been fulfilled, with completion taking place on December 3, 2025. Pursuant to the agreement, a portion of the consideration will be settled within twenty (20) business days post-completion through the allotment and issuance of fully paid consideration shares to the seller.

The issue price of the consideration shares was determined based on the average closing price per share over the thirty (30) consecutive trading days preceding the completion date on the Hong Kong Stock Exchange. Accordingly, a total of 21.73 million consideration shares will be issued to the seller at HK$15.184 per share under the general mandate.

These consideration shares represent approximately 1.11% of the company's issued share capital immediately prior to completion and about 1.10% of the enlarged issued share capital following the allotment.

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