Pacific Basin increases share capital through convertible bond conversion

Pacific Basin Shipping Limited announced a change in its issued share capital on June 16, 2025. A total of 20,315,814 ordinary shares were issued under a specific mandate relating to the terms and conditions of its 3% Guaranteed Convertible Bonds due 2025. This represents a 0.3993% increase in the existing number of issued shares. The shares were issued at a price of HKD 1.35 per share. Following this issue, the company's total number of issued shares has risen to 5,108,261,960. Additionally, the company reported that it has repurchased 62,000 shares for cancellation at a price of HKD 1.936 per share, which have not yet been cancelled as of the closing balance date.