Approval of Long-term Incentive Plan, Mandatory Notification of Trade
Hamilton, Bermuda, 10 September 2024 – The Board of Dirctor’s of Paratus Energy Services Ltd. (ticker “PLSV”) (“Paratus” or the “Company”) has today approved a long-term incentive plan (the "Plan"). The Plan is structured in the form of a share option program targeted at members of the executive management and selected board members. The initial strike price is set at NOK 51.7 per share which aligns with the share price of the Initial Public Offering (“IPO”) plus a performance addition of 7.5% compound annual growth in the vesting period. For any future grants under the Plan, the strike