Richmond International Holdings Limited (01334) announced that the globally available steady price period will end on August 4, 2024 (Sunday) ...
According to the announcement released by Richmond International Holdings Limited (01334), the globally available steady price period has ended on August 4, 2024 (Sunday) (30 days after the deadline for submitting public offering applications in Hong Kong).
The sponsor and overall coordinator (on behalf of itself and the international underwriters) confirmed that there was no over-allotment of shares under the international placement. Therefore, the over-allotment right was not exercised. The company was informed by the stabilizing operator that the stabilizing operator or any of its representatives had not taken any stabilizing action during the steady price period.
During the steady price period, the sponsor and overall coordinator (on behalf of itself and the international underwriters) did not exercise the over-allotment right, and the over-allotment right has expired on August 4, 2024 (Sunday). Therefore, the company did not and will not issue any shares under the over-allotment right.
Following the end of the steady price period, the company has and will continue to comply with the public shareholding requirement under Rule 8.08(1)(a) of the Listing Rules, whereby at least 25% of the total issued shares of the company are held by the public throughout.