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Paratus Energy Services Completes Successful Share Buyback Program

Paratus Energy Services Ltd. (ticker: "PLSV") has announced the completion of its accomplished share buyback program, shedding light on an important chapter in the company’s ongoing financial development. On June 2, 2025, the company disclosed significant undertakings, including the total number of shares acquired and the associated financial outlay during this initiative.

Overview of the Buyback Program

The initiative embarked upon by Paratus began with an announcement made on April 2, 2025, outlining plans to repurchase up to 1,600,000 shares through transactions on the Euronext Oslo Børs. With a designated budget of NOK 50 million (approximately $5 million), secured through an agreement with Arctic Securities AS, Paratus aimed to enhance shareholder value by executing this buyback strategy over a structured timeline.

Paratus announced an extension to this timeline on April 25, 2025, indicating an adaptive approach to recent market conditions. This flexibility reflects a strategic insight into share repurchase timing, ensuring that the program effectively maximizes benefits for shareholders.

Transaction Details

From May 26 to May 28, 2025, Paratus successfully executed the repurchase of a total of 117,500 shares, paying an average of NOK 36.3673 per share. Here is a detailed summary of the transactions conducted during this period:

• - May 26, 2025:

- Shares Purchased: 27,000
- Average Price: NOK 36.1101
- Total Transaction Value: NOK 974,973

• - May 27, 2025:

- Shares Purchased: 47,500
- Average Price: NOK 36.3275
- Total Transaction Value: NOK 1,725,556

• - May 28, 2025:

- Shares Purchased: 43,000
- Average Price: NOK 36.5728
- Total Transaction Value: NOK 1,572,633

Overall, the completed buyback resulted in 1,415,000 shares repurchased at an average price of NOK 35.6992 per share, totaling around NOK 50.5 million (or approximately $4.8 million). This marks a significant step in executing the company’s broader share repurchase authorization, which has an outstanding capacity of $75 million following the completion of this program.

Implications for Shareholders

As of now, Paratus retains ownership of 6,815,000 shares, representing about 4.02% of its issued share capital. This buyback program is part of Paratus' broader strategy aimed at enhancing shareholder returns and reflecting the company's commitment to creating value for its investors.

With the execution of this buyback, stakeholders may take this as a substantial indicator of the company’s robust financial health and its operational strategies geared towards long-term growth. Share buybacks like this often signal a company’s confidence in its future prospects and can be an effective means of boosting share prices.

Looking Ahead

Paratus Energy Services continues to demonstrate its agility in resource management and fiscal responsibility. As it moves forward, the company is expected to build upon this momentum, strategically leveraging its remaining authorization for further repurchases as appropriate.

As the market evolves, Paratus will undoubtedly keep its stakeholders informed of any further developments or adjustments in its share acquisition strategy, ensuring transparency and engaging with its investor community effectively.

For more information, stakeholders and interested parties may contact:

• - Robert Jensen (CEO)

- Email: [email protected]
- Phone: +47 958 26 729

• - Baton Haxhimehmedi (CFO)

- Email: [email protected]
- Phone: +47 406 39 083

Stay tuned for upcoming announcements from Paratus Energy, as they continue to shape the landscape in the energy services sector.