HAMILTON, Bermuda, November 29, 2024 — Paratus Energy Services Ltd. (OSL: PLSV) (“Paratus” or the “Company”) announces its Board of Directors’ approval of a shareholder cash distribution, detailed below. This return of capital will come from the Company’s Contributed Surplus account, comprising previously paid-in share premium transferred from the Company’s Share Premium account.
Key return of capital details are as follows:
- Return of capital: USD 0.22 per share
- Declared currency: USD
- Last day including right: December 2, 2024
- Ex-date: December 3, 2024
- Record date: December 4, 2024
- Payment date: December 13, 2024
- Date of approval: November 28, 2024
While declared in USD, actual NOK payments per share will be determined using the exchange rate at conversion, set as close to the payment date as feasible. Shareholders outside the Euronext Securities Oslo/VPS will receive payments manually.
This announcement is made in accordance with section 5-12 of the Norwegian Securities Trading Act.
For inquiries, contact:
Baton Haxhimehmedi, CFO, +47 406 39 083
About Paratus
Paratus Energy Services Ltd. (ticker: PLSV) is an investment holding company overseeing a group of leading energy services firms. The Paratus Group principally comprises its ownership of Fontis Energy and a 50/50 joint venture interest in Seagems (formerly Seabras). Fontis Energy operates a fleet of five high-specification jack-up rigs under contract in Mexico. Seagems, a leading subsea services provider, operates six multi-purpose pipe-laying support vessels under contract in Brazil. Furthermore, Paratus is Archer Ltd.’s largest shareholder; Archer is a global oil services company listed on the Euronext Oslo Børs.
This information was brought to you by Cision