Pacific Basin grants share awards to employees, executives
Pacific Basin Shipping Limited (HKEX:2343) announced the grant of 28,626,000 share awards under its 2025 Share Award Scheme on June 20, 2025. The awards will be satisfied using 2,711,000 forfeited shares already held by the trustee and through the purchase of 25,915,000 shares on the secondary market. Executive Director Martin Fruergaard received 4,320,000 shares, while Chief Financial Officer Ng Chi Kit, Jimmy received 2,690,000 shares. Approximately 0.56% of the Company's issued share capital, represents the granted shares. The Awards is priced at HKD2.02 per share. Vesting periods vary, with some awards subject to performance targets.
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