Pacific Basin Shipping continues share buyback program, repurchases HK$7m in November

Pacific Basin Shipping Limited announced on November 25, 2025, that it repurchased 2,739,000 ordinary shares on the Exchange. The repurchases were executed at prices ranging from HK$2.52 to HK$2.6 per share, totaling an aggregate cost of HK$7,089,079.8. These shares are intended for cancellation, as indicated by the disclosure.

The company's repurchase activity has been consistent, with multiple buybacks for cancellation occurring between October 23, 2025, and November 25, 2025. Noteworthy repurchases included 10,000,000 shares on November 4, 2025, at HK$2.6092, and two separate transactions of 8,000,000 shares each on November 20 and 21, 2025, at HK$2.6246 and HK$2.6174 respectively.

As of November 25, 2025, the closing balance of issued shares (excluding treasury shares) remained at 5,208,363,803. The company holds a resolution, dated April 25, 2025, authorizing the repurchase of up to 513,699,014 shares, with 82,644,000 shares already repurchased on the Exchange under this mandate, representing 1.6088% of the issued shares at the resolution date.