#Paratus Energy #Norway #Oslo #Fontis Energy #Seagems

Paratus Energy Services Announces Capital Return

Paratus Energy Services Ltd. (Oslo: PLSV), a notable player in the energy sector, has recently revealed that its Board of Directors has authorized a substantial cash return to shareholders. This decision is poised to enhance investor relations and demonstrate the company’s robust operational performance.

On February 27, 2025, the company officially declared a cash distribution amounting to USD 0.22 for each share held by its stockholders. This distribution will be sourced from the Contributed Surplus account, which includes funds previously deposited into the share premium account. The details surrounding this distribution are as follows:

• - Return of Capital: $0.22 per share
• - Declared Currency: USD
• - Last Day Including Right: March 10, 2025
• - Ex-Date: March 11, 2025
• - Record Date: March 12, 2025
• - Payment Date: March 21, 2025
• - Date of Approval: February 27, 2025

The announced cash distribution will primarily be processed in USD, with actual payments calculated in NOK based on the exchange rate right before the payment date. This allows shareholders who hold their shares outside of the Euronext Securities Oslo/VPS to directly receive their cash distribution, albeit through a manual process.

Paratus Energy Services has made this announcement under the requirements of section 5-12 of the Norwegian Securities Trading Act, ensuring transparency and compliance with regulations.

Overview of Paratus Energy Services Ltd.

Founded as an investment holding company, Paratus Energy Services currently operates a diverse portfolio comprising several industry-leading energy companies. Among its principal assets are Fontis Energy — a specialized offshore drilling firm that commands a fleet of five cutting-edge jack-up rigs designated for active operations in Mexico — and a 50/50 joint venture in Seagems, a respected subsea services provider in Brazil, equipped with six multi-purpose pipe-laying support vessels.

Moreover, Paratus stands as the largest shareholder in Archer Ltd., a global oil services entity listed on the Euronext Oslo Børs, thus underlining its significant influence in the energy sector. The successful operations of its subsidiaries, coupled with prudent financial strategies, underscore the company’s commitment to delivering value to its stakeholders.

The announcement of the capital return has sparked positive sentiments among investors, reflecting a solid endorsement of Paratus’s financial health and operational achievements. As the energy landscape continues to evolve, such distributions serve to bolster investor confidence and reaffirm the company's position in a competitive market.

For additional inquiries about this announcement, stakeholders are encouraged to reach out to Baton Haxhimehmedi, CFO, via email at [email protected] or by phone at +47 406 39 083. The strategic decisions made by Paratus Energy Services Ltd. serve as a testament to their commitment to enriching shareholder value while navigating the complexities of the energy sector efficiently.