Pacific Basin Shipping completes significant share repurchase

Pacific Basin Shipping Limited announced a series of share repurchases, totaling 5,159,000 ordinary shares on November 5, 2025. These shares were bought on the Exchange at prices ranging from HK$2.52 to HK$2.63 per share, with an aggregate cost of HK$13,538,763.7. The closing balance of issued shares remained at 5,208,363,803, with zero treasury shares held.

This latest repurchase activity follows a series of buybacks in late October and early November. On October 23, 2025, the company repurchased 52,000 shares, followed by 35,000 shares on October 24, 2025, and 8,000 shares on October 27, 2025. A larger repurchase of 10,000,000 shares occurred on November 4, 2025.

The repurchases are part of a mandate granted on April 25, 2025, authorizing the company to buy back up to 513,699,014 shares. To date, 56,260,000 shares have been repurchased under this mandate, representing 1.0952% of the issued shares (excluding treasury shares) as of the resolution date.