Pacific Basin Grants Shares as Employee Incentive

Pacific Basin Shipping (HK:2343) has released an update.

Pacific Basin Shipping has announced the grant of 330,000 shares to an eligible employee under its 2023 Share Award Scheme, representing a negligible 0.006% of its issued capital. These shares are set to vest over two years, with no performance targets, serving as a retention incentive and aligning employee interests with shareholders. The company also outlined conditions under which the unvested shares would lapse, ensuring alignment with corporate governance practices.

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