INVESTOR RELATIONS AND CORPORATE COMMUNICATIONS
Transparent reporting on our operations and performance is key to the credibility of our public reporting and investor relations activities. We are therefore committed to keeping the market informed of relevant Company information, allowing both existing and potential shareholders to evaluate our business, our performance and our prospects. We believe this commitment to communicating with the public not only augments investors' understanding of our Company and its development, but ultimately also enhances shareholder value.
Pacific Basin received 15 investor relations and corporate governance awards in 2012. These awards represent recognition by a number of regional and global organisations of our commitment to transparent reporting and disclosure and best-practice governance standards.
STAKEHOLDER ENGAGEMENT
At a broad level, the Company proactively engages with institutional and retail investors as well as media and other interest groups.
In 2012, we held our first Analyst Day and conducted our first Investor Perception Study, covering our IR programme and the 2011 Annual Report. We have also revamped our website to tie in with our recently introduced integrated reporting. In 2013 we have generated our first Online Report accessible via our website so that stakeholders can access and download information in a convenient and more environmentally friendly medium.
Communication channels – We believe that the transparency encouraged by active stakeholder engagement builds recognition of our brand and ultimately enhances shareholder value. We achieve engagement through the following channels:
FINANCIAL REPORTING
- Annual and Interim Reports
- Online Annual Report (New in 2013)
- Voluntary quarterly trading updates
- 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
VESSEL TOURS
Ship visits for analysts, investors, press and guests are organised during vessel port calls or at ship naming ceremonies
INVESTOR PERCEPTION STUDY (NEW IN 2012)
We consulted investors and analysts for views on our group strategy, executive management and our corporate communications, Annual Report and investor relations programme
SOCIAL MEDIA COMMUNICATIONSCompany news, video clips, photos and events are published through social media sites |
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COMPANY WEBSITE – www.pacificbasin.com
Our corporate website and external communications now mirror our intergraded reporting format. Information includes:
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Roadshow – Roadshows are conducted every quarter following earnings results and trading updates. In 2012, we met investors in 15 cities in N. America, Europe and Asia-Pacific.
Investor meetings – In 2012, we met 707 (2011: 573) shareholders and investors through the following means:
INVESTOR RELATIONS KPI | Number of Investors We Meet | |
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 shareholders and the investment community to enhance their understanding of our business. The number of investors contacts during a year is the key measure of our engagement with them. |
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Communications with sell-side analysts – Pacific Basin encourages active analyst coverage to help investors evaluate the Company and its opportunities and issues. Analysts' briefings, meetings and conference calls are arranged with management from time to time especially after results announcements.
Sell-Side Analyst KPIs
Maintaining a significant number of active research reports covering Pacific Basin is a key measure of Pacific Basin's profile in the shipping sector.
22 |
Analysts covering Pacific Basin in 2012 | |
>160 |
Research reports on Pacific Basin in 2012 | |
23 |
Analysts attending our 2012 Analyst Day |
SHARE AND CONVERTIBLE BOND INFORMATION
- the Company had 1,936,577,119 ordinary shares in issue, each with a par value of US$0.10
- the Group had in issue 1.75% coupon Convertible Bonds with an aggregate principal amount of US$230 million due 2016
- the Group had in issue 1.875% coupon Convertible Bonds with an aggregate principal amount of US$124 million due 2018
- The Company's Shares are a constituent member of Hang Seng sub index series and 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 2012, Thomson Reuters was able to analyse the ownership of about 98.8% of the Company's share capital. Institutional Investors still accounted for the largest portion of the Company's shareholder base, owning nearly 1.2 billion Shares or 62.5% of our share capital.
OUR BONDHOLDERS
Our bondholders comprise a range of institutional investors including portfolio fund managers, fixed income, mutual and equity fund holders, as well as private investors.
