Investor Relations

We seek to provide the investment community and other stakeholders with relevant regular news about Pacific Basin so they have comprehensive information about our business, strategy and performance with which to assess the value of the Group.

We proactively engage with a broad range of institutional and retail investors as well as media and other interest groups.

Communication Channels – We believe that the transparency stimulated by active stakeholder engagement builds recognition of our brand and ultimately enhances shareholder value. We facilitate engagement through the following channels:

Financial Reporting

• Annual and Interim Reports
• Online Annual Report
• Voluntary quarterly trading updates
• Presentations and press releases on business activities

Shareholder Meetings and Hotlines

• Group and one-on-one meetings
• Shareholder hotline and e-mail
  tel: +852 2233 7000
  e-mail: ir@pacificbasin.com

Investor Perception Studies

We conducted an annual consultation of investors and analysts for views on our group strategy, executive management, Annual Report and our corporate communications, investor relations and CSR programmes by way of telephone and online surveys

Vessel Tours

Ship visits for analysts, investors, press and guests are organised during vessel port calls or at ship naming ceremonies

Roadshows – Roadshows are conducted following earnings announcements and trading updates. In 2016, we met investors in 8 cities in North America, Europe and Asia-Pacific.

Investor Meetings – In 2016, we met 607 (2015: 594) shareholders and investors

Company Website – www.pacificbasin.com

Our corporate website is considered a key marketing medium which comprehensively covers Pacific Basin’s activities and competences. English, Chinese (traditional and simplified Chinese) and Japanese versions of the site are available, covering:

• Group profile
• Strategic and business models
• Fleet profile
• Board and senior management biographical data
• Corporate Governance, Risk Management and CSR
• Board Committees’ Terms of Reference
• Financial reports and company news
• Financial information excel downloads
• Press kits
• Careers

We have recently restructured the website which includes more detailed information and easier navigation

Social Media Communications

Facebook, Twitter, Linkedln, YouTube and WeChat

Company news, video clips, photos and events are published through our social media sites

Communications with Sell-Side Analysts >– Pacific Basin encourages active analyst coverage to help investors evaluate the Group and its opportunities and challenges. Analysts’ briefings, meetings and conference calls are arranged with management from time to time, especially after results announcements. A significant number of key brokers publish reports on the Group.

In the interest of saving costs, we changed our Annual Results briefing to a live webcast conference format, which enables overseas investors unable to physically attend our briefing to listen in to our presentation and ask questions.

Investor Engagement – Our share capital is held by a diverse range of institutional, private and corporate investors, so we consider it important to make ourselves accessible to a wide spectrum of shareholders and members of the investment community to enhance their understanding of our business. The number of investor contacts during a year is the key measure of our engagement with investors.

Sell-Side Analyst Engagement – Analyst coverage (as measured by the number of active research reports covering Pacific Basin) in the period is a key measure of our profile in the shipping sector.

Investor Perception Studies – We gauge feedback on our Annual Report, Investor Relations programme, corporate governance and group strategy through an annual written, online and verbal investor study.

Our 2016 Investor Perception Study shows that 87% of respondents consider Pacific Basin management to be good at articulating strategy, and 92% say we have a very high transparency in our disclosures.

The Company’s Shares and Convertible Bonds at 31 December 2016:

• 4,015,313,275 ordinary shares in issue, each with a par value of US$0.01
• US$125 million of 3.25% coupon Convertible Bonds due 2021

The Company’s Shares are a constituent member of the Hang Seng sub index series and the MSCI Index series.

DIVIDEND

Our dividend policy is to pay out at least 50% of our annual attributable profit (excluding disposal gains).

OUR SHAREHOLDERS

As at 31 December 2016, Nasdaq OMX was able to analyse the ownership of about 99.0% of the Company’s share capital. Institutional Investors still accounted for the largest portion of the Company’s shareholder base, owning nearly 2.4 billion shares or 60.8% of our share capital.

We identified 2,596 shareholders as at 31 December 2016. The actual number of investors interested in our shares is likely to be greater, as some of the shares are held through nominees, investment funds, custodians, etc. Each custodian or nominee or broker is considered as a single shareholder as below.

OUR BONDHOLDERS

Our bondholders comprise a range of institutional investors including portfolio fund managers, fixed income, mutual and equal fund holders, as well as private investors.

NO DISTINCTION BETWEEN INSTITUTIONAL INVESTORS AND RETAIL INVESTORS

We listen carefully to the views and feedback we receive from all investors. More than 61% of our shareholders are institutional investors, while 23% are private or retail investors who hold our shares through brokers and custodians. A separate Q&A and dialogue with our Board of Directors is arranged at our Annual General Meeting.

Investors calls after the results announcement are available to both institutional investors and the public.