Pacific Basin Shipping expands buyback program, repurchases 5m shares

Pacific Basin Shipping Limited announced on November 24, 2025, a series of share repurchases, totaling 5,000,000 ordinary shares on the Exchange. These shares were bought back at prices ranging from HK$2.54 to HK$2.6 per share, with an aggregate price paid of HK$12,757,000. The company's opening balance of issued shares as of November 21, 2025, stood at 5,208,363,803, with the closing balance on November 24, 2025, remaining unchanged at the same figure, indicating these repurchased shares are for cancellation but not yet cancelled.

These repurchases contribute to a larger ongoing program. As of November 24, 2025, the total number of shares repurchased for cancellation but not yet cancelled stands at 40,899,000 shares across multiple transactions since October 23, 2025. The company's resolution granting the repurchase mandate was approved on April 25, 2025, authorizing the repurchase of up to 513,699,014 shares.

With the latest repurchase, Pacific Basin Shipping has now repurchased 79,905,000 shares on the Exchange or another stock exchange under the current mandate, representing 1.5555% of the issued shares (excluding treasury shares) as at the date of the resolution. The company affirmed that all repurchases were conducted in accordance with Main Board Rules.