Minerva Group Holding Limited has disclosed the subscription outcome of its Rights Issue launched on 5 June 2026. The offer, priced at HK$0.038 per share on the basis of one Rights Share for every two existing shares, made available 1.14 billion Rights Shares to qualifying shareholders.

As of the 22 June 2026 acceptance deadline, the company received 12 valid acceptances for 150.03 million Rights Shares, representing 13.10% of the total on offer. Consequently, 990.91 million shares, or 86.90% of the issue, remain unsubscribed.

To address the shortfall, Minerva has activated compensatory arrangements under Listing Rule 7.21(1)(b). A placing agreement signed on 29 April 2026 tasks the designated placing agent with marketing the 990.91 million unsubscribed shares to independent placees on a best-efforts basis, with completion targeted by 7 July 2026. Any premium realised above the aggregate of the HK$0.038 subscription price and placing expenses will be distributed pro-rata to (i) qualifying shareholders who did not fully exercise their rights, (ii) holders of lapsed nil-paid rights, and (iii) any non-qualifying shareholders. Individual entitlements below HK$100 will be retained by the company.

Shares remaining unplaced after the exercise will not be issued, shrinking the final size of the capital raise. Minerva plans to publish the final Rights Issue and placing results, including any net gain distribution, by 17 July 2026.

Both the Rights Issue and the placing remain conditional; failure to satisfy the stipulated conditions by the long-stop date of 31 August 2026 will result in their lapse. The company advises shareholders and potential investors to exercise caution when dealing in its shares during this period.