#Bermuda #Hamilton #Paratus Energy #cash distribution #Q1 2025

Paratus Energy Services Ltd. - Cash Distribution Details for Q1 2025

Paratus Energy Services Ltd. (OSE: PLSV), a prominent player in the energy sector, has made an important announcement regarding a cash distribution to its shareholders. The Board of Directors has approved a return of capital, reflecting the company’s ongoing commitment to shareholder value. This cash distribution is strategically sourced from the Company’s Contributed Surplus account, which encompasses previously paid share premiums.

Key Details of the Distribution

The following critical information pertains to the upcoming cash distribution:
1. Return of Capital: Shareholders will receive USD 0.22 per share, which is approximately NOK 2.23.
2. Declared Currency: The distribution will be processed in USD.
3. Important Dates:
- Last day to include rights: June 2, 2025
- Ex-date: June 3, 2025
- Record date: June 4, 2025
- Payment date: June 11, 2025
- Date of approval: May 27, 2025

This distribution is significant as it demonstrates Paratus's robust financial position and its commitment to returning value to shareholders. It is noteworthy that the distribution will be administered manually for shareholders who hold their shares outside the Euronext Securities Oslo/VPS.

Background on Paratus Energy Services

Paratus Energy Services Ltd. operates as an investment holding entity encompassing several leading energy service companies. Its portfolio primarily features Fontis Energy, an offshore drilling entity that boasts a fleet of five advanced jack-up rigs actively engaged in contracts in Mexico. Additionally, Paratus holds a 50/50 joint venture interest in Seagems, a recognized subsea services provider with six multi-purpose pipe-laying support vessels deployed in Brazil. Furthermore, Paratus is the largest stakeholder in Archer Ltd., a global oil services company listed on the Euronext Oslo Børs.

This recent decision by Paratus's Board of Directors to distribute capital not only reflects a strategic approach to asset management but also addresses shareholders’ expectations for returns on their investments. The company is poised to enhance its shareholder relations through consistent communication and value-driven initiatives.

For further inquiries related to this announcement, stakeholders are encouraged to reach out to Chief Financial Officer Baton Haxhimehmedi via email at [email protected] or by phone at +47 406 39 083.

As the energy landscape evolves, Paratus remains committed to optimizing its investment strategies and fostering shareholder value. The upcoming cash distribution confirms the company’s dedication to rewarding its investors and strengthening its financial foundation.

In an ever-changing energy market, initiatives like these not only affirm a company’s operational strength but also reassure investors about future prospects. Paratus Energy Services is clearly poised for growth while ensuring that their shareholders are an integral part of this journey.