Pacific Basin Shipping repurchases 8m shares in capital management move

Pacific Basin Shipping Limited announced a repurchase of 8,000,000 ordinary shares on November 20, 2025. These shares were bought on the Exchange at prices ranging from HKD 2.61 to HKD 2.63, with an aggregate cost of HKD 20,996,600. The company's total issued shares remained at 5,208,363,803 as of the closing balance date, as these repurchased shares are yet to be cancelled.

This latest repurchase is part of a broader mandate granted on April 25, 2025, which authorized the company to repurchase up to 513,699,014 shares. With this transaction, the total number of shares repurchased on the Exchange or another stock exchange under this mandate now stands at 66,905,000.

This cumulative repurchase represents 1.3024% of the issued shares (excluding treasury shares) as of the resolution date. The repurchased shares are designated for cancellation, reflecting the company's ongoing efforts to manage its share capital.