SJM Holdings Limited reported no movement in either issued or treasury shares for April 2026, leaving the total number of ordinary shares outstanding at 7.10 billion. The company confirmed that it continued to meet Hong Kong Stock Exchange Main Board Rule 13.32B’s 25% minimum public-float requirement.
Key details:
• Share capital stability – Opening and closing share count: 7,101,805,366 ordinary shares – Treasury shares: none held or cancelled during the month
• Share-based incentives – Outstanding options (June 2017 grant, exercise price HK$7.79): 1.61 million shares – Outstanding options (June 2018 grant, exercise price HK$9.59): 3.21 million shares – No option exercises, lapses or cancellations recorded in April; hence, no funds were raised from employee exercises.
• Convertible bonds – HKD 1.91 billion of 2.0% convertible bonds due 2027 remained outstanding. – Adjusted conversion price: HK$3.78 per share (post-September 2022 rights issue). – Full conversion would add up to 504.23 million new shares, representing a potential 7.10% dilution to the existing share base.
• Warrants, other convertibles, HDRs, and share repurchases – The issuer reported no warrants, additional convertible securities, Hong Kong Depositary Receipts, or other share-related movements during the month.
Overall, April 2026 was characterised by capital stability for SJM Holdings, with unchanged issued share capital, no treasury transactions, and confirmation of adequate public float. The sizeable outstanding convertible bond remains the primary potential source of future equity dilution.
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