Key Information Relating to Return of Capital to be Paid by Paratus
Hamilton, Bermuda, September 10, 2024 – Paratus Energy Services Ltd. (ticker “PLSV”) (“Paratus” or the “Company”) today announced that the Board of Directors has approved a cash distribution to shareholders as specified below. The distribution will be in the form of return of capital and will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account.
• Return of capital: $0.22 per share
• Declared currency: USD
• Last day including right: September 11, 2024
• Ex-date: September 12, 2024
• Record date: September 13, 2024
• Payment date: September 23, 2024
• Date of approval: September 9, 2024
The cash distribution has been declared in USD with actual NOK payments per share to be determined based on the applicable exchange rate at the time of conversion, to be set as close as practically possible prior to the payment date.Payment of cash distribution to shareholders holding shares outside the Euronext Securities Oslo/VPS will be handled manually.
Baton Haxhimehmedi,
CFO Baton.Haxhimehmedi@paratus-energy.com
+47 406 39 083
This information is subject to the disclosure requirements pursuant to section 5-12 the Norwegian Securities Trading Act.
About Paratus Paratus Energy Services Ltd. (ticker: PLSV) is an investment holding company of a group of leading energy services companies. The Paratus Group is primarily comprised of its ownership of Fontis Energy and a 50/50 JV interest in Seagems (formerly Seabras). Fontis Energy is an offshore drilling company with a fleet of five high-specification jack-up rigs working under contracts in Mexico. Seagems is a leading subsea services company, with a fleet of six multi-purpose pipe-laying support vessels under contracts in Brazil. In addition, Paratus is the largest shareholder in Archer Ltd, a global oil services company, listed on the Oslo Stock Exchange.
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