Microware Extends Long-Stop Date for HK$3.35 Placement to 17 Aug 2026

Bulletin Express
Jul 23

Microware Group Limited (Microware) has postponed the long-stop date for completing its proposed placement of new shares under the existing general mandate. The supplemental placing agreement, signed with the placing agent on 23 July 2026, shifts the deadline from 27 July 2026 to 17 August 2026. All other terms of the original placing agreement remain unchanged.

The placement price is fixed at HK$3.35 per share. This level represents: • a 3.2% discount to the HK$3.46 closing price on the announcement date of 6 July 2026; • a 1.6% discount to the five-day average closing price of HK$3.406 prior to 6 July 2026; • a 1.5% premium to the HK$3.30 closing price on 23 July 2026, when the supplemental agreement was signed; and • a 3.7% premium to the five-day average closing price of HK$3.23 before 23 July 2026.

Completion of the placement remains subject to the fulfilment of the agreed condition precedent. Microware cautions shareholders and potential investors that the transaction may or may not proceed.

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.

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