Summary by Futu AI
Pacific Shipping filed an updated Securities Monthly Change Report with Hong Kong Trading and Clearing Limited on April 2, 2024, reporting the changes in the company's share capital as of March 31, 2024. THE REPORT SHOWS THAT THE COMPANY'S STATUTORY/REGISTERED SHARE CAPITAL AND ISSUED SHARES REMAINED UNCHANGED DURING THE REPORTING PERIOD AT 36,000,000,000 SHARES WITH A FACE VALUE OF $0.01 PER SHARE FOR A TOTAL OF $360,000,000. In addition, the Company has an annualized interest rate of 3.00% on $175,000,000, totaling $33,610,000 issued of guaranteed convertible notes due 2025, unchanged in the month and likely to result in the issuance of 181,635,393 new shares. The conversion price of the bond is HK$1.45 per share, adjusted from HK$1.50 per share from 11 August 2023. COMPANY SECRETARY MOJETTING CONFIRMED THAT ALL ISSUANCE OF SECURITIES HAS BEEN AUTHORISED BY THE BOARD OF DIRECTORS AND COMPLIES WITH THE RELEVANT REQUIREMENTS OF THE SECURITIES LISTING RULES OF THE HONG KONG STOCK EXCHANGE LIMITED.