Pacific Basin Shipping grants 21,017,000 share awards under 2025 scheme

• Pacific Basin Shipping granted 21,017,000 shares under its 2025 Share Award Scheme, equal to about 0.41% of issued share capital.
• Awards will be settled using 4,772,000 forfeited shares held by trustee, with 16,245,000 shares to be bought in secondary market at prevailing price.
• All awards vest on July 14, 2029; 6,388,000 shares are tied to financial performance targets, with remainder not subject to performance targets.
• CEO Martin Fruergaard received 4,772,000 shares; Executive Director Kristian Helt received 1,714,000; CFO Ng Chi Kit, Jimmy received 1,498,000; other employees received 13,033,000.
• Grant date was May 11, 2026; closing share price on grant date was HK$ 3.25.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pacific Basin Shipping Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260511-12155185), on May 11, 2026, and is solely responsible for the information contained therein.