Hamilton, Bermuda, May 26, 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 May 19, 2025, to and including May 23, 2025, the Company
purchased a total of 151,000 shares at an average price of NOK 35.0924 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)
19 May 2025 XOSL 12,000 35.8872 430,646
20 May 2025 XOSL 31,693 35.6576 1,130,096
21 May 2025 XOSL 21,307 35.3301 752,779
22 May 2025 XOSL 41,000 34.7655 1,425,387
23 May 2025 XOSL 45,000 34.6678 1,560,050
Previously 1,146,500 35.7106 40,942,190
disclosed
buyback
under the
program
(accumulated)
Accumulated 1,297,500 35.6386 46,241,148
buyback under
the
program
Following the completion of the above transactions, the Company owns a total of
6,697,500 of own shares, corresponding to 3.95% 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.