Go Out and Ask (02438) announced that the over-allotment rights described in the prospectus were partially exercised by the overall coordinator (for himself and on behalf of the international underwriter) on May 19, 2024 (Sunday), involving a total of 10.427 million shares, which is equivalent to about 12.33% of the total number of shares initially available for subscription under the global offering before any over-allotment rights are exercised.
Over-allotted shares will be issued and distributed by the company at a price of HK$3.80 per share (that is, the sale price of each share under the global offering, excluding 1% brokerage commission, 0.0027% SFC transaction levy, 0.00015% Financial Services Council transaction levy, and 0.00565% Stock Exchange transaction fee). The overallotted shares will be used to induce China International Finance Hong Kong Securities Limited (price stabilizer operator) to return to Mobvoi AGI Limited a portion of the 12.685 million shares borrowed under the loan agreement (to cover the overallocation under the international offering).
Pursuant to section 9 (2) of the Securities and Futures (Stable Price) Rules, Chapter 571W of the Laws of Hong Kong, the Company announced that the price stability period for the global offering will end on May 19, 2024 (Sunday) (that is, the 30th day after the deadline for submitting the Hong Kong Public Offer Application).