Pacific Basin issues new shares after bond conversion

Pacific Basin Shipping Limited announced today the issuance of 76,677,689 ordinary shares, resulting from the conversion of convertible bonds. The shares were issued under a specific mandate, pursuant to the terms and conditions of the 3% Guaranteed Convertible Bonds due 2025. The issue price was HKD 1.35 per share. This issuance increases the company’s total number of issued shares to 5,159,877,649, up from 5,083,199,960. This issuance represents a 1.508% increase in the number of issued shares before the event. The company confirms that all necessary regulatory requirements have been met.