Plover Bay Tech Adds 135,000 Shares Through Option Exercise; Issued Capital Reaches 1.11 Billion

Bulletin Express06-01

Plover Bay Technologies Limited reported a modest expansion of its equity base for May 2026. The company issued 135,000 new ordinary shares via employee share-option exercises, lifting total issued shares (excluding treasury shares) to 1.11 billion as at 31 May 2026, up from 1.11 billion a month earlier.

The new shares were allotted under the Share Option Scheme adopted on 21 June 2016 (refreshed 17 October 2017). Proceeds from the option exercises amounted to HKD 0.40 million. Concurrently, 50,000 share options were forfeited following employee resignations, reducing outstanding options to 8.68 million. The scheme still permits up to 42.43 million additional shares to be issued upon future grants and exercises.

Authorised share capital remained unchanged at 4.00 billion ordinary shares with a par value of HKD 0.01, equivalent to HKD 40.00 million. The company held no treasury shares at month-end.

Plover Bay confirmed ongoing compliance with the Hong Kong Stock Exchange’s minimum 25% public-float requirement. No movements were recorded in warrants, convertibles, or other share-issuance arrangements during the period.

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