Pacific Basin Shipping repurchases shares on HKEX

Pacific Basin Shipping Limited (HKEX:2343) announced it repurchased 62,000 of its own ordinary shares on the Hong Kong Stock Exchange (HKEX) on June 6, 2025. The shares were bought back at prices ranging from HKD 1.91 to HKD 1.94 per share, with the aggregate price paid amounting to HKD 120,032. The company stated the repurchase was conducted in accordance with the Main Board Rules of the HKEX and that there were no material changes to the particulars contained in the Explanatory Statement dated April 2, 2025. Prior to this buyback, the company had authorization to repurchase up to 513,699,014 shares, granted on April 25, 2025. The total number of shares repurchased under the mandate now stands at 62,000, representing approximately 0.0012% of the issued shares as of the mandate date.