Pacific Basin Shipping continues share repurchase program

Pacific Basin Shipping Limited (HKEX:2343) announced it repurchased 1,004,000 of its own ordinary shares on the Hong Kong Stock Exchange on March 7, 2025. The shares were bought back at a price of HKD 1.67 per share, resulting in an aggregate price paid of HKD 1,676,680. This buyback was conducted under a repurchase mandate approved on April 19, 2024, which authorizes the company to repurchase up to 526,382,305 shares. So far, the company has repurchased 147,804,000 shares under the mandate, representing approximately 2.8079% of the issued shares at the time of the resolution. Pacific Basin confirmed the repurchase complies with exchange rules and that there have been no material changes to the information within the previous explanatory statement. The company's total number of issued shares remains at 5,155,953,146.