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Pacific Basin Shipping Grants 21 Million Share Awards Under Employee Incentive Scheme

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Pacific Basin Shipping (HKG:2343) granted 21 million share awards under its 2025 share award scheme, according to a Monday Hong Kong bourse filing.

Shares of the dry bulk vessel owner and operator gained over 1% in late-morning trade on Tuesday.

The awarded shares represent about 0.4% of the company's issued share capital.

The grants include awards to the chief executive officer, the chief financial officer, and other employees.

Part of the awards are subject to performance targets tied to financial goals approved by the board, with vesting scheduled for July 2029.

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