Hamilton, Bermuda, April 28, 2025 - Paratus Energy Services Ltd. (ticker:
"PLSV") ("Paratus" or the "Company") refers to its stock exchange announcements
dated April 2, 2025, regarding the initiation of a repurchase of up to 1,600,000
shares through open market transactions on the Euronext Oslo Børs (the
"Buyback"), pursuant to an agreement with Arctic Securities AS ("Arctic"), and
April 25, 2025, regarding the extension of the Buyback timeline. A total NOK
amount equivalent to $5 million has been set aside for the Buyback.
The Buyback commenced on April 2, 2025, and will remain in effect until the
earlier of; (i) the acquisition of the maximum number of shares as set above;
(ii) the maximum total consideration as set out above has been reached; or (iii)
May 28, 2025.
For the period from April 22, 2025, to and including April 25, 2025, the Company
purchased a total of 120,104 shares at an average price of NOK 37.1628 per
share. All transactions during the period were carried out under the agreement
with Arctic and comprise all transactions made by or on behalf of the Company.
Please find below the transaction overview:
Transaction
overview
Date Trading Aggregated Daily weighted Total daily
venue daily average share price transaction value
volume (NOK) (NOK)
(number of
shares)
22 April 2025 XOSL 20,000 36.3868 727,737
23 April 2025 XOSL 47,000 36.8684 1,732,813
24 April 2025 XOSL 24,104 37.3490 900,260
25 April 2025 XOSL 29,000 38.0203 1,102,588
Previously 460,896 35.4460 16,336,898
disclosed
buyback
under the
program
(accumulated)
Accumulated 581,000 35.8009 20,800,295
buyback under
the
program
Following the completion of the above transactions, the Company owns a total of
5,981,000 of own shares, corresponding to 3.53% of the Company's share capital.
An overview of all transactions made under the Buyback that have been carried
out during the above-mentioned time period is attached to this notice and
available at www.newsweb.no.
For further information, please contact:
Robert Jensen, CEO
robert.Jensen@paratus-energy.com
+47 958 26 729
Baton Haxhimehmedi, CFO
baton.Haxhimehmedi@paratus-energy.com
+47 406 39 083
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.
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 Euronext
Oslo Børs.