Paratus Energy Services Announces Key Outcomes of the 2025 AGM

Paratus Energy Services Holds Its 2025 AGM

Paratus Energy Services Ltd., trading under the ticker symbol "PLSV," recently convened its Annual General Meeting (AGM) on May 9, 2025. The event occurred at the esteemed Hamilton Princess and Beach Club located in Hamilton, Bermuda. The meeting was highlighted by the presentation of the audited consolidated financial statements for the fiscal year ending December 31, 2024, marking an important step in the company’s ongoing commitment to transparency and shareholder engagement.

During the AGM, shareholders were informed of several key decisions that were put forth for voting. One of the primary resolutions addressed the structure of the board of directors, setting a maximum limit of eight members. This move is seen as essential for maintaining effective governance while ensuring a diverse range of perspectives.

Notably, the meeting confirmed the authority of the Board of Directors to address any casual vacancies that may arise. This ensures stability and continuity in the company’s leadership structure, allowing the board to act promptly in the event of any resignations or removals.

Following this, the shareholders re-elected several key figures to continue their vital roles within the company. Mei Mei Chow, James Ayers, Robert Jensen, Joachim Bale, and Mark Mey were all confirmed for another term as directors. Additionally, Dag Skindlo was elected as a new director, bringing fresh insights to the board’s collective expertise.

The AGM also saw shareholders approving KPMG AS as the auditor for the upcoming year. The board retained the discretion to determine the auditor's remuneration, a decision commonly seen in corporate governance to maintain oversight efficiency.

In terms of financial considerations, shareholders were presented with a proposal regarding remuneration for the board of directors. The total amount approved for director fees was capped at $600,000 for the fiscal year ending December 31, 2025. This decision reflects the company’s commitment to attracting and retaining qualified individuals who can provide valuable guidance at the corporate level.

As the meeting wrapped up, Paratus Energy Services signaled confidence in its strategic direction and commitment to creating shareholder value. The board’s proactive approach to governance and financial oversight reflects the company's ongoing efforts to adapt to industry changes while maximizing growth opportunities.

For additional insights, shareholders and interested parties are encouraged to reach out to the company's executives for inquiries. CEO Robert Jensen and CFO Baton Haxhimehmedi are available for further discussion, highlighting the company’s commitment to transparency and shareholder engagement.

In summary, Paratus’ 2025 AGM underscored significant resolutions aimed at strengthening governance standards, ensuring financial clarity, and reinforcing shareholder trust. As the company continues to navigate the complexities of the energy market, these foundational decisions will be crucial as it moves forward into the future.