Pacific Basin Shipping (02343) Announces No Change in Issued Shares and Reports Share Repurchase Details

Bulletin Express11-24

Pacific Basin Shipping Limited (stock code: 02343) published a Next Day Disclosure Return dated 24 November 2025. The announcement shows that the company’s total number of issued ordinary shares stood at 5,208,363,803 as of both 21 November 2025 and 24 November 2025, indicating no change in the issued share capital.

According to the disclosure, the company conducted several share repurchases for cancellation between 23 October 2025 and 24 November 2025. The latest on-market transaction on 24 November 2025 involved 5,000,000 shares at prices ranging from HKD 2.54 to HKD 2.60, for an aggregate cost of HKD 12,757,000. These repurchased shares have not yet been cancelled as of the closing date in the announcement.

The document also indicates that a repurchase mandate granted on 25 April 2025 authorized Pacific Basin Shipping Limited to repurchase up to 513,699,014 shares, with approximately 1.5555% of the company’s issued shares repurchased under that mandate so far.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment