Pacific Basin Shipping continues share buyback program with recent repurchases

Pacific Basin Shipping Limited announced on September 17, 2025, that it repurchased 6,000,000 ordinary shares on the Exchange. The repurchases were executed at prices ranging from HK$2.45 to HK$2.52 per share, with an aggregate price paid of HK$14,952,600. These shares are intended for cancellation.

This latest repurchase follows a series of buybacks in the preceding days. On September 10, 2025, 10,000 shares were repurchased at HK$2.35. Subsequently, on September 12, 2025, 4,000,000 shares were bought back at an average price of HK$2.4386, followed by 1,934,000 shares at HK$2.4706 on September 15, 2025. Another 4,000,000 shares were repurchased at HK$2.4605 on September 16, 2025.

The total number of shares authorized for repurchase under the mandate granted on April 25, 2025, is 513,699,014. As of September 17, 2025, the company has repurchased 41,006,000 shares on the Exchange, representing 0.7982% of the issued shares at the date of the resolution. The closing balance of issued shares as of September 17, 2025, remains 5,224,307,803, with zero treasury shares.