Summary by Futu AI
Pacific Shipping issued a supplemental notice on March 12, 2024 providing further information regarding the award of the share awards in the March 5, 2024 announcement. The supplementary notice states that Mr. Martin Fruergaard, the Executive Director, is one of the grantors of the bonus shares and constitutes a connected transaction under Chapter 14A of the Listing Rules. However, the bonus shares granted do not result in the distribution and issuance of new shares and are exempt from compliance with certain listing rules because they are granted under Mr. Fruergaard's service contract. In addition, other information and contents of the original announcement remain unchanged.