Pacific Basin Shipping Limited has announced the grant of 28,626,000 Awarded Shares under its 2025 Share Award Scheme. The awards, distributed to Eligible Participants, will be fulfilled by utilizing 2,711,000 forfeited shares currently held by the Trustee and purchasing 25,915,000 shares on the secondary market at prevailing market prices. This initiative, disclosed on June 20, 2025, aligns with the company's adherence to Rule 17.06A, 17.06B, and 17.06C of the Listing Rules. The shares will be held in trust by the appointed Trustee, ensuring they are administered according to the Scheme Rules.
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