Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
September 13 2023 - 9:20AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER
PURSUANT
TO RULE 13a-16 OR 15d-16
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For
the month of September 2023
Commission
File Number: 001-41467
Magic
Empire Global Limited
3/F,
8 Wyndham Street
Central,
Hong Kong
(Address
of Principal Executive Offices)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form
20-F ☒ Form 40-F ☐
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
On
September 13, 2023, Magic Empire Global Limited (the “Company” or “MEGL”) issued a press release announcing that
its board of directors has authorized a share repurchase plan under which the Company may repurchase up to US$2 million of its shares
over the next 12 months. The share repurchases may be made from time to time in the open market at prevailing market prices, in privately
negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance
with applicable securities laws and regulations, including Rule 10b-18 under the Securities Exchange Act of 1934, as amended.
The Company expects to fund repurchases made under this plan from its existing funds. The timing and amount of the share repurchases
made pursuant to the program will be decided by the Company based on its evaluation of market conditions and be subject to various factors,
including the Company’s capital position, liquidity, financial performance and alternative uses of capital, stock trading price,
regulatory requirements and general market conditions. This repurchase authorization does not obligate the Company to acquire any specific
number of shares or securities and may be modified, suspended or discontinued at any time. MEGL’s board of directors will review
the share repurchase plan periodically, and may authorize adjustment of its terms and size.
A
copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
SIGNATURES
Pursuant
to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
|
Magic Empire Global Limited |
|
|
Date: September 13,
2023 |
By: |
/s/
Sze Hon, Johnson Chen |
|
|
Sze Hon, Johnson Chen |
|
|
Chief Executive Officer |
Exhibit
99.1
Magic
Empire Global Limited Announces US$2 Million Share Repurchase Plan
Hong
Kong, September 13, 2023 (GLOBE NEWSWIRE) – Magic Empire Global Limited (NASDAQ: MEGL) (“MEGL”, or the “Company”)
announced that its board of directors has authorized a share repurchase plan under which the Company may repurchase up to US$2 million
of its shares over the next 12 months. The share repurchases may be made from time to time in the open market at prevailing market prices,
in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions
and in accordance with applicable securities laws and regulations, including Rule 10b-18 under the Securities Exchange Act of 1934,
as amended. The Company expects to fund repurchases made under this plan from its existing funds. The timing and amount of the share
repurchases made pursuant to the program will be decided by the Company based on its evaluation of market conditions and be subject to
various factors, including the Company’s capital position, liquidity, financial performance and alternative uses of capital, stock
trading price, regulatory requirements and general market conditions. This repurchase authorization does not obligate the Company to
acquire any specific number of shares or securities and may be modified, suspended or discontinued at any time. MEGL’s board of
directors will review the share repurchase plan periodically, and may authorize adjustment of its terms and size.
About
Magic Empire Global Limited
Magic
Empire Global Limited is a financial services provider in Hong Kong which principally engage in the provision of corporate finance advisory
services and underwriting services. Its service offerings mainly comprise (i) IPO sponsorship services; (ii) financial advisory and independent
financial advisory services; (iii) compliance advisory services; and (iv) underwriting services. For more information, visit the Company’s
website at http://www.meglmagic.com.
Safe
Harbor Statement
Certain
statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and
uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes
may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking
statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,”
“estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,”
“continue” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking
statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you
that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from
the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration
statement and other filings with the SEC, which are available for review at www.sec.gov.
Hong
Kong:
Magic
Empire Global Limited
Ms.
Vivien Tai
Tel:
+852 3577 8770
E-mail:
meglir@giraffecap.com
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